Limits on Distribution Periods Clause Samples
The "Limits on Distribution Periods" clause sets a maximum timeframe during which certain assets, funds, or products can be distributed under an agreement. In practice, this clause might specify that distributions must occur within a set number of years or by a particular date, after which no further distributions are permitted. By establishing clear temporal boundaries, the clause helps prevent indefinite obligations and ensures that all parties are aware of the distribution window, thereby reducing uncertainty and administrative burdens.
Limits on Distribution Periods. As of the First Distribution Calendar Year, distributions, if not made in a single sum, may only be made over one of the following periods (or a combination thereof):
(a) the life of the Participant,
(b) the life of the Participant and a Designated Beneficiary,
(c) a period certain not extending beyond the life expectancy of the Participant, or
(d) a period certain not extending beyond the joint and last survivor life expectancy of the Participant and a Designated Beneficiary.
Limits on Distribution Periods. As of the First Distribution Calendar Year, distributions, if not made in a single sum, may only be made over one of the following periods (or a combination thereof):
Limits on Distribution Periods. As of the first distribution calendar year, distributions, if not made in a single-sum, may only be made over one of the following periods (or a combination thereof):
(i) the life of the Participant,
(ii) the life of the Participant and a designated Beneficiary,
(iii) a period certain not extending beyond the life expectancy of the Participant, or
(iv) a period certain not extending beyond the joint and last survivor expectancy of the Participant and a designated Beneficiary. Any annuity contract purchased and distributed to a Participant or his Beneficiary shall comply with the requirements of this Plan, and shall be made and endorsed as nontransferable.
Limits on Distribution Periods. Distributions, if not made in a single-sum, may only be made over one of the following periods (or a combination thereof):
(1) the life of the Participant;
(2) the life of the Participant and a Designated Beneficiary; (3) a period certain not extending beyond the life expectancy of the Participant; or (4) a period certain not extending beyond the joint and last survivor expectancy of the Participant and a Designated Beneficiary. Any annuity contract purchased and distributed to a Participant or his Beneficiary shall comply with the requirements of this Plan, and shall be made and endorsed as nontransferable.
Limits on Distribution Periods. As of the first Distribution Calendar Year, distributions, if not made in a lump sum, may only be made over one of the following periods (or a combination thereof):
(A) the life of the Participant;
(B) the life of the Participant and a Designated Beneficiary;
(C) a period certain not extending beyond the Life Expectancy of the Participant; or
(D) a period certain not extending beyond the joint and last survivor expectancy of the Participant and a Designated Beneficiary. For calendar years beginning before January 1, 1989, if the Participant's Spouse is not the Designated Beneficiary, the method of distribution selected must assure that at least 50% of the present value of the amount available for distribution is paid within the Life Expectancy of the Participant.
Limits on Distribution Periods. As of the first Distribution Calendar Year, distributions, if not made in a lump sum, may only be made over one of the following periods (or a combination thereof):
Limits on Distribution Periods. 61 11.4. Determination of Amount to Be Distributed Each Year.....................................61 11.5.
Limits on Distribution Periods. As of the First Distribution Calendar Year, distributions if not made in a single sum, may only be made over one of the following periods (or a combination thereof):
(a) the life of the Participant,
(b) the life of the Participant and a Designated Beneficiary,
(c) a period certain not extending beyond the life expectancy of the participant, or
(d) a period certain not extending beyond the joint and last survivor expectancy of the Participant and a Designated Beneficiary.
Limits on Distribution Periods. Required Distributions On Or After The Required Beginning Date 32 7.5 Required Beginning Date 33 7.6 Transitional Rule 34 7.7 Designation Of Beneficiary For Death Benefit 35 7.8 Nonexistence Of Beneficiary 35 7.9 Distribution Beginning Before Death 35 7.10 Distribution Beginning After Death 35 7.11 Distribution Of Excess Elective Deferrals 36 7.12 Distributions Of Excess Contributions 37 7.13 Distribution Of Excess Aggregate Contributions 37
Limits on Distribution Periods. As of the first distribution calendar year, distributions, if not made in a single-sum, may only be made over one of the following periods (or a combination thereof):
i. the life of the Participant, -------------------------------------------------------------------------------- ARTICLE X -- Form and Manner of Benefit Distributions Page 63 Basic Plan Document #03 - Defined Benefit -----------------------------------------
ii. the life of the Participant and a designated beneficiary, iii. a period certain not extending beyond the life expectancy of the Participant, or