Common use of Death Before Date Distributions Begin Clause in Contracts

Death Before Date Distributions Begin. (a) PARTICIPANT SURVIVED BY DESIGNATED BENEFICIARY- Except as provided in the Adoption Agreement, if the Participant dies before the date distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's account balance by the remaining life expectancy of the Participant's designated Beneficiary, determined as provided in paragraph 17.11.

Appears in 1 contract

Sources: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

Death Before Date Distributions Begin. (a) PARTICIPANT SURVIVED BY DESIGNATED BENEFICIARY- BENEFICIARY - Except as provided in the Adoption Agreement, if the Participant dies before the date distributions begin and there is a designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's account balance by the remaining life expectancy of the Participant's designated Beneficiary, determined as provided in paragraph 17.11.

Appears in 1 contract

Sources: Defined Contribution Plan (Thomasville Bancshares Inc)

Death Before Date Distributions Begin. (a) PARTICIPANT SURVIVED BY DESIGNATED BENEFICIARY- BENEFICIARY. Except as provided in the Adoption AgreementArticle VI, if the Participant dies before the date distributions begin and there is a designated Beneficiarybeneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant's death is the quotient obtained by dividing the Participant's account balance by the remaining life expectancy of the Participant's designated Beneficiarybeneficiary, determined as provided in paragraph 17.11Section 4.1.

Appears in 1 contract

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