Timing of Distributions definition

Timing of Distributions. The distribution of benefits accrued after December 31, 1986, must be made in a lump sum or must begin not later than the April 1 of the calendar year following the calendar year in which the Owner attains age 70-1/2. However, for an Owner who attained age 70 1/2 before January 1, 1988, the distribution of such benefits must be made or must begin not later than the April 1 of the calendar year following the calendar year in which the Owner retires. The above does not apply if the Contract Owner is a governmental entity or a church. For such an employer, the distribution of benefits accrued after December 31, 1986, must be made or must begin not later than the April 1 of the calendar year following the calendar year in which the Owner attains age 70-1/2 or retires, whichever occurs later. The required distribution described in either of the above rules must be made over the life of the Owner (or the joint lives of the Owner and beneficiary) or over a period not exceeding the life expectancy of the Owner (or the joint fife expectancies of the Owner and the beneficiary). If the Owner does not request commencement of benefits as described above, Aetna will not be responsible for compliance with the Code 401(a)(9) minimum distribution requirements and for any adverse tax that may result. Endorsed and made a part of the Contract effective on October 15, 1990 or the effective date of the Contract whichever is later. /s/ X. X. Xxxxxxx President Aetna Life Insurance and Annuity Company Aetna Life Insurance and Annuity Company ENDORSEMENT Aetna hereby endorses this Contract to allow the transfer of Reserves out of the General Account. Such transfers will be:

Examples of Timing of Distributions in a sentence

• Notwithstanding the provisions of the preceding Timing of Distributions Section, distributions to a Participant will commence no later than the date determined in accordance with the provisions of this Section.

• Section 2.6 of the Director Retirement Agreement is hereby amended to read in its entirety as follows: “Change in Form or Timing of Distributions.

• See “Distribution Rights.” Timing of Distributions: The Manager may make distributions to Shareholders subject to it having the right, in its sole discretion, to withhold distributions including the Management Fee in order to meet anticipated costs and liabilities of each Series.

• One Time Election to Change Method and/or Timing of Distributions.

• Election to Change Method and/or Timing of Distributions for Pre-2005 Deferrals.

• Timing of Distributions: The Manager shall make distributions of Distributable Cash on a quarterly basis, if any.

• Section 2.7 of the Salary Continuation Agreement is hereby amended to read in its entirety as follows: “Change in Form or Timing of Distributions.

• Timing of Distributions.............................................................

• Effective as of October 1, 2003, Subsection (b) of Section 6.01 "Distribution of Subaccounts" shall be amended and restated to read as follows: (b) Timing of Distributions.

• Section 2.6 of the Director Retirement Agreement is hereby amended to read in its entirety as follows: "Change in Form or Timing of Distributions.