Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or (b) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 5 contracts
Sources: Retirement and Savings Plan (Host Hotels & Resorts L.P.), Retirement and Savings Plan (Host Marriott L P), Retirement and Savings Plan (Host Marriott Corp/)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 5 contracts
Sources: 401(k) Retirement Savings Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(b) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 4 contracts
Sources: Trust Agreement (Nordson Corp), 401(k) Plan Adoption Agreement (Americas Carmart Inc), Adoption Agreement (LSB Bancshares Inc /Nc/)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of:
(a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or
(b) if the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 4 contracts
Sources: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (United Community Bancorp), Defined Contribution Plan (Century Bancorp Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participantparticipant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(aA) the quotient obtained by dividing the Participantparticipant’s account balance as of 12/31 of the preceding year by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bB) if the Participant’s sole designated beneficiary Designated Beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 2 contracts
Sources: Custodial Account Agreement, 403(b)(7) and Roth 403(b)(7) Custodial Account Agreement
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account balance Account Balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or
(bB) if the Participant’s sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance Account Balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 2 contracts
Sources: 401(k) Plan and Trust Agreement (Leggett & Platt Inc), 401(k) Plan and Trust Agreement (Leggett & Platt Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of:
(a1) the quotient obtained by dividing the Participant’s account balance Account Balance by the distribution period set forth in the Uniform Lifetime Table set forth found in Treas. Reg. Sec. §1.401(a)(9)-9, Q&A-2, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or
(b2) if the Participant’s sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance Account Balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. §1.401(a)(9)-9, Q&A-3, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 2 contracts
Sources: Governmental 457(b) Plan Basic Plan Document, Governmental 457(b) Plan Basic Plan Document
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of:
(a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9) -9 of the Treasury Regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or
(b) if the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9) -9 of the Treasury Regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 1 contract
Sources: 401(k) Defined Contribution Plan (Measurement Specialties Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(ai) the quotient obtained by dividing the Participant’s account Company Contributions Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bii) if the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account Company Contributions Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year; provided, however, that under no circumstances shall the distribution exceed the nonforfeitable portion of the Participant’s Company Contributions Account balance.
Appears in 1 contract
Sources: Employee Stock Ownership Plan and Trust Agreement (Union Community Bancorp)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s member's lifetime, the minimum amount that will be distributed for each distribution calendar year (as defined in Subsection 3(b)) is the lesser of:
(ai) the quotient obtained by dividing the Participant’s member's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a) (9)-9 of the Treasury Regulations, using the Participant’s member's age as of the Participant’s member's birthday in the distribution calendar yearDistribution Calendar Year; or
(bii) if the Participant’s member's sole designated beneficiary for the distribution calendar year is the Participant’s member's spouse, the quotient obtained by dividing the Participant’s member's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-0 of the Treasury Regulations, using the Participant’s member's and spouse’s 's attained ages as of the Participant’s member's and spouse’s 's birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 1 contract
Sources: Agreement Concerning Tax Efficient Savings Plan for Hourly Employees (Ford Motor Co)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(ai) the The quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bii) if If the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar year.
Appears in 1 contract
Sources: Retirement Savings Plan (PNC Financial Services Group Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account balance 's Accrued Benefit by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Income Tax Regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar yearDistribution Calendar Year; or
(bB) if the Participant’s 's sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s account balance 's Accrued Benefit by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Income Tax Regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 1 contract
Sources: Trust Agreement
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will is required to be distributed for each Calendar Year which a distribution is required (“distribution calendar year year”) is the lesser of:
(ai.) the The quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bii.) if If the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s and spouse▇▇▇▇▇▇’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 1 contract
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(a) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section l.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(b) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 1 contract
Sources: Adoption Agreement (Talbots Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(a) the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or
(b) if the Participant’s 's sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.
Appears in 1 contract
Sources: Retirement Plan Adoption Agreement (Hudson City Bancorp Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treasin
Section 1. Reg. Sec. 1.401(a)(9)-9401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar year.
Appears in 1 contract
Sources: 401(k) Plan (Pepsiamericas Inc/Il/)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treasin
Section 1. Reg. Sec. 1.401(a)(9)-9401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 1 contract
Sources: 401(k) Plan (Pepsiamericas Inc/Il/)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9§ 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar yearDistribution Calendar Year; or
(bB) if the Participant’s sole designated beneficiary Designated Beneficiary for the distribution calendar year Distribution Calendar Year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account balance Account Balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9§ 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 1 contract
Sources: 401(k) Plan (ING U.S., Inc.)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(a) the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or
(b) if the Participant’s 's sole designated beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.
Appears in 1 contract
Sources: 401(k) Plan Adoption Agreement (Allegiant Travel CO)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(a) the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section l.401(a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or
(b) if the Participant’s 's sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.40l(a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.
Appears in 1 contract
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 1 contract
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will is required be distributed for each Calendar Year for which a distribution is required (“distribution calendar year year”) is the lesser of:
(a1) the The quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(b2) if If the Participant’s sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9, using the Participant’s and spouse▇▇▇▇▇▇’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar yearDistribution Calendar Year.
Appears in 1 contract
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s 's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(a) the quotient obtained by dividing the Participant’s 's account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401 (a)(9)-9 of the Treasury regulations, using the Participant’s 's age as of the Participant’s 's birthday in the distribution calendar year; or
(b) if the Participant’s 's sole designated beneficiary Beneficiary for the distribution calendar year is the Participant’s 's spouse, the quotient obtained by dividing the Participant’s 's account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9section 1.401 (a)(9)-9 of the Treasury regulations, using the Participant’s 's and spouse’s 's attained ages as of the Participant’s 's and spouse’s 's birthdays in the distribution calendar year.
Appears in 1 contract
Sources: Retirement Plan Adoption Agreement (Hudson City Bancorp Inc)
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will must be distributed for each distribution calendar year is the lesser of:
(ai) the quotient obtained by dividing the Participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bii) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouse, the quotient obtained by dividing the Participant’s account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the distribution calendar year.
Appears in 1 contract
Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of:
(aA) the quotient obtained by dividing the Participant’s account Account balance by the distribution period in the Uniform Lifetime Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s age as of the Participant’s birthday in the distribution calendar year; or
(bB) if the Participant’s sole designated beneficiary for the distribution calendar year is the Participant’s spouseSpouse, the quotient obtained by dividing the Participant’s account Account balance by the number in the Joint and Last Survivor Table set forth in Treas. Reg. Sec. 1.401(a)(9)-9Section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouseSpouse’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the distribution calendar year.
Appears in 1 contract