Distribution Beginning After Death. This paragraph is applicable before the Participant’s Required Beginning Date as elected by the Employer in the Adoption Agreement, even if distributions have commenced from the Plan. If the Participant dies before distribution of his or her interest begins, distribution of the Participant’s entire interest shall be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death, except to the extent that an election is made to receive distributions in accordance with (a) or (b) below:
Appears in 4 contracts
Sources: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (Idt Corp), Defined Contribution Plan (Chicopee Bancorp, Inc.)
Distribution Beginning After Death. This paragraph is applicable before the Participant’s 's Required Beginning Date as elected by the Employer in the Adoption Agreement, even if distributions have commenced from the Plan. If the Participant dies before distribution of his or her interest begins, distribution of the Participant’s 's entire interest shall be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s 's death, except to the extent that an election is made to receive distributions in accordance with (a) or (b) below:
Appears in 1 contract
Sources: Defined Contribution Plan (Thomasville Bancshares Inc)