Common use of Distribution Beginning After Death Clause in Contracts

Distribution Beginning After Death. If the Participant dies after distribution of his benefits has begun, distributions to the Participant's Beneficiary will be made at least as rapidly as under the method of distribution being used as of the date of the Participant's death. For purposes of this Section 8.04(b), distribution of a Participant's interest in his Account will be considered to begin as of the Participant's required beginning date, as determined under Section 8.08(b). If distribution in the form of an annuity irrevocably commences prior to such date, distribution will be considered to begin as of the actual date distribution commences.

Appears in 10 contracts

Sources: Profit Sharing/401(k) Plan (Dep Corp), Non Standardized Adoption Agreement (Marine Transport Corp), Profit Sharing/401(k) Plan (Lawter International Inc)

Distribution Beginning After Death. If the Participant dies after ---------------------------------- distribution of his benefits has begun, distributions to the Participant's Beneficiary will be made at least as rapidly as under the method of distribution being used as of the date of the Participant's death. For purposes of this Section 8.04(b), distribution of a Participant's interest in his Account will be considered to begin as of the Participant's required beginning date, as determined under Section 8.08(b). If distribution in the form of an annuity irrevocably commences prior to such date, distribution will be considered to begin as of the actual date distribution commences.

Appears in 2 contracts

Sources: Profit Sharing/401(k) Plan (Impac Group Inc /De/), Adoption Agreement (Technitrol Inc)

Distribution Beginning After Death. If the Participant dies after distribution of his benefits has begun, distributions to the Participant's Beneficiary will be made at least as rapidly as under the method of distribution being used as of the date of the Participant's death. For purposes of this Section 8.04(b), distribution of a Participant's interest in his Account will be considered to begin as of the Participant's required beginning date, as determined under Section 8.08(b). If distribution in the form of an annuity irrevocably commences prior to such date, distribution will be considered to begin as of the actual date distribution commences.

Appears in 1 contract

Sources: Profit Sharing/401(k) Plan (Jaymark Inc)