Common use of Amount of Required Minimum 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: (A) the quotient obtained by dividing the participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in § 1.401(a)(9)-9, Q&A-2, of the 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 § 1.401(a)(9)-9, Q&A- 3, of the regulations, using the participant’s and spouse’s attained ages as of the participant’s and spouse’s birthdays in the distribution calendar year.

Amount of Required Minimum. Distribution for For Each Distribution Calendar Year. Year - During the participant’s Participant's lifetime, the minimum amount that will be distributed for each distribution calendar year is the lesser of: (A1) the quotient obtained by dividing the participant’s account Participant's Account balance by the distribution period in the Uniform Lifetime Table set forth in § 1.401(a)(9)-9, Q&A-2, Section 1.401(a)(9)-9 of the Treasury regulations, using the participant’s Participant's age as of the participant’s Participant's birthday in the distribution calendar year; or (B2) if the participant’s Participant's sole designated beneficiary Beneficiary for the distribution calendar year is the participant’s Participant's spouse, the quotient obtained by dividing the participant’s account Participant's Account balance by the number in the Joint and Last Survivor Table set forth in § 1.401(a)(9)-9, Q&A- 3, Section 1.401(a)(9)-9 of the Treasury regulations, using the participant’s Participant's and spouse’s 's attained ages as of the participant’s Participant's and spouse’s 's birthdays in the distribution calendar year.

Amount of Required Minimum. Distribution for For Each Distribution Calendar Year. During the participantMember’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 participantMember’s account balance by the distribution period in the Uniform Lifetime Table set forth in § 1.401(a)(9)-9, Q&A-2, Section 1.401(a)(9)-9 of the regulationsTreasury Regulations, using the participantMember’s age as of the participantMember’s birthday in the distribution calendar year; or (Bb) if the participantMember’s sole designated beneficiary for the distribution calendar year is the participantMember’s spouse, the quotient obtained by dividing the participantMember’s account balance by the number in the Joint and Last Survivor Table set forth in § 1.401(a)(9)-9, Q&A- 3, Section 1.401(a)(9)-9 of the Treasury regulations, using the participantMember’s and the spouse’s attained ages as of the participantMember’s and spouse’s birthdays in the distribution calendar year.