MINIMUM REQUIRED DISTRIBUTION Sample Clauses

MINIMUM REQUIRED DISTRIBUTION. Prior to a Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to it, Prudential will notify such Participant that he may be required to GVA-120-87 (10/11) (as modified by Group Annuity Amendment Form GAA-7764) Serial 410 4.2-4.3 receive a minimum distribution from his Account under the contract in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist the Participant in computing the amount of his required distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the contract before his Required Distribution Date. If the Participant does not request a distribution of any portion of his Account pursuant to this section 4.3, Prudential shall be under no obligation to make such distribution.
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MINIMUM REQUIRED DISTRIBUTION. Prior to a Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to it, Prudential will notify such Participant that he may be required to receive a minimum distribution from his Accounts under the contract in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist the Participant in computing the amount of his required minimum distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the contract before his Required Distribution Date. If the Participant does not request a distribution of any portion of his Accounts pursuant to this section 4.3, Prudential shall be under no obligation to make such distribution.
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MINIMUM REQUIRED DISTRIBUTION. A distribution required to be made from a Participant's Custodial Account under Code section 408(a)(6).
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MINIMUM REQUIRED DISTRIBUTION. The minimum amount that must be distributed each year under paragraph 5.1(a) above is the account value at the close of business on December 31 of the preceding year divided by the life expectancy (in the single life table in Regulations section 1.401(a)(9)-9) of the designated beneficiary using the attained age of the beneficiary in the year following the year of the depositor’s death and subtracting 1 from the divisor for each subsequent year.
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MINIMUM REQUIRED DISTRIBUTION. Notwithstanding any other provision of the contract and to the extent required by Internal Revenue Code Section 408(b)(3) and the rules and regulations issued thereunder, distribution must be made from the contract in a manner which satisfies the requirements of Internal Revenue Code Section 401(1)(9) and the rules and regulations issued thereunder, as follows:
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MINIMUM REQUIRED DISTRIBUTION. PlanConnect will notify the Participants that have attained at least age 70 ½ within the current calendar year and provide the paperwork necessary to take a distribution of the current required minimum distribution as well as to set up an automatic required minimum distribution service. In addition, a report is sent to the servicing agent for the Plan that will show the minimum required distribution amount due to the Participant assuming they are not married and based only on the Participant account value held in connection with AXA Retirement 360sm and the amount the Participant has taken as a required minimum distribution.
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MINIMUM REQUIRED DISTRIBUTION. Effective January 1, 1987, Prudential will notify a Participant, prior to such Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to Prudential, that he may be required to receive a minimum distribution from his Account(s) under the Contracts in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist the Participant in computing the amount of his required minimum distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the Contracts by his Required Distribution Date. If the Participant does not request a distribution of any portion of his Account(s) under the Contracts pursuant to this item 5., Prudential shall be under no obligation to make such distribution.
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Related to MINIMUM REQUIRED DISTRIBUTION

  • Required Distributions Except in the case of a special needs beneficiary, the assets of the ▇▇▇▇▇▇▇▇▇ ESA are required to be distributed to the designated beneficiary within 30 days of the designated beneficiary’s attainment of age 30. The designated beneficiary will be subject to both income tax and an additional 10 percent penalty tax on the portion of the distribution that represents earnings, if the designated beneficiary does not have any qualified education expenses in that year. Any balance remaining in the ▇▇▇▇▇▇▇▇▇ ESA upon the death of the designated beneficiary will be distributed within 30 days of the designated beneficiary’s death, unless a death beneficiary is named and the death beneficiary is a qualified family member under age 30. If the death beneficiary is a qualified family member under age 30, that individual will become the designated beneficiary as of the date of death. Qualified family members include the designated beneficiary’s child, grandchild, or ▇▇▇▇▇▇▇▇▇, brother, sister, stepbrother, or stepsister, nephew or niece, parents, stepparents, or grandparents, uncle or aunt, spouses of all the family members listed above, cousin, and the designated beneficiary’s spouse. If a qualified family member becomes the designated beneficiary, the custodian, if it so chooses for any reason (e.g., due to limitations of its charter or bylaws), may require a total distribution of the ▇▇▇▇▇▇▇▇▇ ESA by December 31 of the year following the year of the original designated beneficiary’s death.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

  • Distribution Compliance Period The Purchaser agrees not to resell, pledge or transfer any Purchased Shares within the United States or to any U.S. Person, as each of those terms is defined in Regulation S, during the 40 days following the Closing Date.

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000