Common use of Distribution Beginning After Death Clause in Contracts

Distribution Beginning After Death. If the Participant dies before distribution of his or her Plan interest begins, distribution of the Participant's entire Plan interest must be completed by December 31 of the calendar year containing the fifth anniversary of his or her death, except to the extent that an election is made to receive the distribution under clause (i) or (ii) below: (i) If the Participant's Plan interest is payable to a Beneficiary, distribution of such interest may be made over the life, or over a period certain not greater than the Life Expectancy, of the Beneficiary beginning by December 31 of the calendar year immediately following the calendar year in which the Participant died. (ii) If the Participant's surviving spouse is the Beneficiary, distribution of the Participant's Plan interest is made as under (i) above, except that distribution is not required to begin until the later of (I) December 31 of the calendar year immediately following the calendar year in which the Participant died or (II) December 31 of the calendar year in which the Participant would have attained age 70 1/2.

Distribution Beginning After Death. If the Participant dies before distribution of his or her Plan interest begins, distribution of the Participant's entire Plan interest must shall be completed by December 31 of the calendar year containing the fifth anniversary of his or her death, the Participant's death except to the extent that an election is made to receive the distribution under clause distributions in accordance with (ia) or (iib) below: (i) If a. if any portion of the Participant's Plan interest is payable to a designated Beneficiary, distribution of such interest distributions may be made over the life, life or over a period certain not greater than the Life Expectancy, life expectancy of the designated Beneficiary beginning by commencing on or before December 31 of the calendar year immediately following the calendar year in which the Participant died.; (ii) If b. if the designated Beneficiary is the Participant's surviving spouse is spouse, the Beneficiary, distribution of the Participant's Plan interest is made as under (i) above, except that distribution is not date distributions are required to begin until in accordance with (a) above shall not be earlier than the later of (I1) December 31 of the calendar year immediately following the calendar year in which the Participant died dies or (II2) December 31 of the calendar year in which the Participant would have attained age 70 1/2.