Common use of Life Expectancy Clause in Contracts

Life Expectancy. Life Expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section 1.72-9 of the regulations issued under the Code. Unless otherwise elected by the Participant (or Spouse, in the case of distributions described in Section 7.2) by the time distributions are required to begin, Life Expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant or Spouse and shall apply to all subsequent years. The Life Expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 7 contracts

Sources: Defined Contribution Plan (White Mountains Insurance Group Inc), Prototype Defined Contribution Plan Adoption Agreement (Tca Cable Tv Inc), 401(k) Plan Adoption Agreement (Gadzooks Inc)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise elected by the Participant Member (or Spousespouse, in the case of distributions described in Section 7.2paragraph (E)(1)(b) above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant Member (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary beneficiary may not be recalculated.

Appears in 7 contracts

Sources: Adoption Agreement (Northeast Community Bancorp Inc), Adoption Agreement (Newport Bancorp Inc), Adoption Agreement (Ottawa Savings Bancorp, Inc.)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise elected by the Participant (or Spousespouse, in the case of distributions described in Section 7.2Subparagraph (e)(ii)(B) above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: Adoption Agreement (First Bancorp /Pr/)

Life Expectancy. Life Expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section 1.72-9 of the regulations issued under the Code. Unless otherwise elected by the Participant (or Spouse, in the case of distributions described in Section 7.2) by the time distributions are required to begin, . Life Expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant or Spouse and shall apply to all subsequent years. The Life Expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: Defined Contribution Plan (Innerdyne Inc)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise elected by the Participant (or Spousespouse, in the case of distributions described in Section 7.24.05(E)(2)(b) above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: 457(b) Plan Document

Life Expectancy. Life Expectancy expectancy and joint life and last survivor ---------------- expectancy are computed by use of the expected return multiples in Tables V and VI of section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise elected by the Participant (or Spousespouse, in the case of distributions described in Section 7.27.5(a)(ii)(2) above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: 401(k) Retirement Plan Adoption Agreement (WHX Corp)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the Codeincome tax regulations. Unless otherwise elected by the Participant (or Spousespouse, in the case of distributions described in Section 7.25.04B above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: Individual Retirement Account Custodial Agreement (Rushmore Fund Inc)

Life Expectancy. Life Expectancy Expectancy, and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the Code. Unless otherwise elected by the Participant (or Spouse, in the case of distributions described in Section 7.2) by the time distributions are required to begin, Life Expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant or Spouse and shall apply to all subsequent years. The Life Expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: Prototype Defined Contribution Plan Adoption Agreement (Labor Ready Inc)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise Life expectancies shall be recalculated annually only if specifically elected by the Participant (or Spousespouse, in the case of distributions described in Section 7.2subsection (e)(ii)(B) above) by the time distributions are required to begin, Life Expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary beneficiary may not be recalculated.

Appears in 1 contract

Sources: Adoption Agreement (Valley National Bancorp)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise elected by the Participant (or Spouse, in the case of distributions described in Section 7.214.5.2 (b) above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse Spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: Regional Prototype Profit Sharing Plan and Trust/Custodial Account Nonstandard Plan Adoption Agreement (Greater Bay Bancorp)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section Section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise elected by the Participant (or Spousespouse, in the case of distributions described in Section 7.2section 16.04(b)(ii) above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary beneficiary may not be recalculated.

Appears in 1 contract

Sources: Defined Contribution Plan and Trust (Trimedyne Inc)

Life Expectancy. Life Expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section 1.72-9 of the regulations issued under the CodeIncome Tax Regulations. Unless otherwise elected by the Participant (or Spousespouse, in the case of distributions described in Section 7.210.6(b)(ii)) by the time distributions are required to begin, Life Expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy of a nonspouse non-spouse Beneficiary may not be recalculated.

Appears in 1 contract

Sources: 401(k) Adoption Agreement (Garmin LTD)

Life Expectancy. Life Expectancy expectancy and joint and last survivor expectancy are computed by use of the expected return multiples in Tables V and VI of section 1.72-9 of the regulations issued under the Codefederal income tax regulations. Unless otherwise elected by the Participant participant (or Spousespouse, in the case of distributions described in Section 7.2section 10.4(b)(2) above) by the time distributions are required to begin, Life Expectancies life expectancies shall not be recalculated annually. Such election shall be irrevocable as to the Participant participant (or Spouse spouse) and shall apply to all subsequent years. The Life Expectancy life expectancy of a nonspouse Beneficiary beneficiary may not be recalculated.

Appears in 1 contract

Sources: Adoption Agreement for a Non Standardized 401(k) Plan (Interpool Inc)