Common use of Death Before Date Required Distributions Begin Clause in Contracts

Death Before Date Required Distributions Begin. If the Participant dies before required distributions begin, the Participant’s Accrued Benefit will be distributed, or begin to be distributed, no later than as follows: (A) If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary, then distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the calendar year during which the Participant died, or, if later, by December 31 of the calendar year during which the Participant would have attained age 70½. (B) If the Participant’s surviving spouse is not the Participant’s sole designated Beneficiary, then distributions to the designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. (C) If there is no designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s Accrued Benefit will be distributed by December 31 of the calendar year containing the 5th anniversary of the Participant’s death. (D) If the Participant’s surviving spouse is the Participant’s sole designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse begin, this subsection (2), other than subsection (A), will apply as if the surviving spouse were the Participant. Distributions are considered to begin on the Participant’s required beginning date, provided that if subsection (D) applies, distributions are considered to begin on the date distributions are required to begin to the surviving spouse under subsection (A). If distributions under an annuity purchased from an insurance company irrevocably commence to the Participant before the Participant’s required beginning date (or to the Participant’s surviving spouse before the date distributions are required to begin to the surviving spouse under subsection (A)), the date distributions are considered to begin is the date distributions actually commence.