Common use of Distribution Beginning Before Death Clause in Contracts

Distribution Beginning Before Death. This paragraph is applicable only after the Participant’s Required Beginning Date as elected by the Employer in the Adoption Agreement. If the Participant dies after distribution of his or her interest has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Participant’s death.

Appears in 7 contracts

Sources: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (Idt Corp), 401(k) Defined Contribution Plan (Measurement Specialties Inc)

Distribution Beginning Before Death. This paragraph is applicable only after the Participant’s 's Required Beginning Date as elected by the Employer in the Adoption Agreement. If the Participant dies after distribution of his or her interest has begun, the remaining portion of such interest will continue to be distributed at least as rapidly as under the method of distribution being used prior to the Participant’s 's death.

Appears in 1 contract

Sources: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)