Common use of Applicable Life Expectancy Clause in Contracts

Applicable Life Expectancy. The life expectancy (or joint life and last --------------------------- survivor expectancy) is calculated using the attained age of the Participant (or designated Beneficiary) as of the Participant's (or designated Beneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date life expectancy was first calculated. If life expectancy is being recalculated, the applicable life expectancy shall be the life expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar year, and if life expectancy is being recalculated, such succeeding calendar year. If annuity payments commence in accordance with Section 7.4(c)(i)(2) before the required beginning date, the applicable calendar year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant's death with the Participant's remaining interest, the applicable calendar year is the year of purchase.

Applicable Life Expectancy. The life expectancy Life Expectancy (or joint life and last --------------------------- survivor expectancy) is calculated using the attained age of the Participant (or designated Designated Beneficiary) as of the Participant's (or designated Designated Beneficiary's) birthday in the applicable calendar year reduced by one for each calendar year which has elapsed since the date life expectancy Life Expectancy was first calculated. If life expectancy Life Expectancy is being recalculated, the applicable life expectancy Applicable Life Expectancy shall be the life expectancy Life Expectancy as so recalculated. The applicable calendar year shall be the first distribution calendar yearDistribution Calendar Year, and if life expectancy Life Expectancy is being recalculated, recalculated such succeeding calendar yearyear(s). If annuity payments commence in accordance with Section 7.4(c)(i)(210.9(c) before the required beginning dateRequired Beginning Date, the applicable calendar year Applicable Calendar Year is the year such payments commence. If distribution is in the form of an immediate annuity purchased after the Participant's death with the Participant's remaining interest, the applicable calendar year Applicable Calendar Year is the year of purchase.