Examples of Required Minimum in a sentence
If the Employee dies before his or her Required Beginning Date, the Required Minimum Distributions for purposes of determining the amount eligible for rollover with respect to a nonspouse beneficiary are determined under either the5-year rule described in section 401(a)(9)(B)(ii) of the Code or the life expectancy rule described in section 401(a)(9)(B)(iii) of the Code.
The amount not eligible for rollover includes all undistributed Required Minimum Distributions for the year in which the direct rollover occurs and any prior year (even if the excise tax under section 4974 of the Code has been paid with respect to the failure in the prior years).
Required minimum distributions for calendar year 2001 were made in accordance with § 401(a)(9) and the 1987 Proposed Regulations, unless the adoption agreement provides that Required Minimum Distributions for 2001 were made pursuant to the proposed regulations under § 401(a)(9) published in the Federal Register on January 17, 2001 (the “2001 Proposed Regulations”).
The Company has reserved from its duly authorized capital stock a number of shares of Common Stock for issuance of the Conversion Shares at least equal to the Required Minimum on the date hereof.
However, in order to use this rule, the Required Minimum Distributions under the IRA to which the direct rollover is made must be determined under the life expectancy rule using the same Designated Beneficiary.