Common use of Amount of Required Minimum Distribution For Each Distribution Calendar Year Clause in Contracts

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: (1) the quotient obtained by dividing the Participant’s Account Balance by the distribution period set forth in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9, Q&A-2, of the Income Tax Regulations using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or (2) 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 Section 1.401(a)(9)-9, Q&A-3, of the Income Tax 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: 457 Governmental Deferred Compensation Plan and Trust

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: (1i) the quotient obtained by dividing the Participant’s Account Balance by the distribution period set forth in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9, Q&A-2, Q&A-2 in section 1.401(a)(9)-9 of the Income Tax Regulations regulations, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or (2ii) 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 Section 1.401(a)(9)-9, Q&A-3, Q&A-3 in section 1.401(a)(9)-9 of the Income Tax Regulations 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: Basic Savings Plan (NB 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: (1) the quotient obtained by dividing the Participant’s Account Balance by the distribution period set forth in the Uniform Lifetime Table set forth found in Section Treas. Reg. §1.401(a)(9)-9, Q&A-2, of the Income Tax Regulations using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; oror Pre-Approved Governmental Defined Contribution Plan Section 8 – Required Minimum Distributions (2) 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 Balance by the number in the Joint and Last Survivor Table set forth in Section Treas. Reg. §1.401(a)(9)-9, Q&A-3, of the Income Tax Regulations using the Participant’s and spouse▇▇▇▇▇▇’s attained ages as of the Participant’s and spouseSpouse’s birthdays in the Distribution Calendar Year.

Appears in 1 contract

Sources: Governmental Nonstandardized Defined Contribution Plan

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the a Participant’s 's lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: (1A) the quotient obtained by dividing the Participant’s 's Valuation Account Balance by the distribution period set forth in the Uniform Lifetime Table set forth in Section Treasury Regulation section 1.401(a)(9)-9, Q&A-2, of the Income Tax Regulations using the Participant’s 's age as of the Participant’s 's birthday in the Distribution Calendar Year; or (2B) if the Participant’s 's sole Designated Beneficiary for the Distribution Calendar Year is the Participant’s spouse's Spouse, the quotient obtained by dividing the Participant’s 's Valuation Account Balance by the number in the Joint and Last Survivor Table set forth in Section Treasury Regulation section 1.401(a)(9)-9, Q&A-3, 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 Year.

Appears in 1 contract

Sources: 401(k) Plan

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: of (1a) the quotient obtained by dividing the Participant’s Account Balance 's account balance by the distribution period set forth in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9, Q&A-2, section 1.401(a)(9)-9 of the Income Tax Regulations IRS regulations using the Participant’s 's age as of the Participant’s his or her birthday in the Distribution Calendar Yeardistribution calendar year; or or (2b) if the Participant’s 's sole Designated designated Beneficiary for the Distribution Calendar Year distribution calendar year is the Participant’s spouse's Spouse, the quotient obtained by dividing the Participant’s Account Balance 's account balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-9, Q&A-3, section 1.401(a)(9)-9 of the Income Tax Regulations IRS regulations using the Participant’s 's and spouse’s Spouse's attained ages as of the Participant’s 's and spouse’s Spouse's birthdays in the Distribution Calendar Yeardistribution calendar year.

Appears in 1 contract

Sources: 401(k) Plan Adoption Agreement (Criimi Mae Inc)

Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the a Participant’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: (1) the quotient obtained by dividing the Participant’s Account Balance by the distribution period set forth in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9, Q&A-2, Q&A-2 of the Income Tax Regulations Treas. Regs., using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or (2) 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 Balance by the number in the Joint and Last Survivor Table set forth in Section 1.401(a)(9)-91.401 (a)(9)-9, Q&A-3, Q&A-3 of the Income Tax Regulations Treas. Regs., 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: Defined Contribution Plan and Trust (Triad Guaranty Inc)