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