Common use of Coordination with Minimum Distribution Requirements Previously in Effect Clause in Contracts

Coordination with Minimum Distribution Requirements Previously in Effect. Required minimum distributions for 2002 under this Amendment will be determined as follows. If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Amendment equals or exceeds the required minimum distributions determined under this Amendment, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Amendment is less than the amount determined under this Amendment, then required minimum distributions for 2002 on and after such date will be determined so that the total amount of required minimum distributions for 2002 made to the distributee will be the amount determined under this Amendment.

Appears in 1 contract

Sources: Trust Agreement (Nordson Corp)

Coordination with Minimum Distribution Requirements Previously in Effect. Required If the effective date of this Amendment is earlier than calendar years beginning with the 2003 calendar year, required minimum distributions for 2002 under this Amendment will be determined as follows. If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Amendment equals or exceeds the required minimum distributions determined under this Amendment, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Amendment is less than the amount determined under this Amendment, then required minimum distributions for 2002 on and after such date will be determined so that the total amount of required minimum distributions for 2002 made to the distributee will be the amount determined under this Amendment.

Appears in 1 contract

Sources: Non Standardized 401(k) Profit Sharing Plan (Aceto Corp)

Coordination with Minimum Distribution Requirements Previously in Effect. Required If the provisions above specify an effective date of this amendment that is earlier than calendar years beginning with the 2003 calendar year, required minimum distributions for 2002 under this Amendment amendment will be determined as follows. : If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Amendment amendment equals or exceeds the required minimum distributions determined under this Amendmentamendment, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total amount of 2002 required minimum distributions under the Plan made to the distributee prior to the effective date of this Amendment amendment is less than the amount determined under this Amendmentamendment, then required minimum distributions for 2002 on and after such date will be determined so that the total amount of required minimum distributions for 2002 made to the distributee will be the amount determined under this Amendmentamendment.

Appears in 1 contract

Sources: Prototype Defined Contribution Plan (Clayton Williams Energy Inc /De)