Common use of Required Minimum Distributions After Participant’s Death Clause in Contracts

Required Minimum Distributions After Participant’s Death. (1) Death On or After Date Distributions Begin. (i) Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a desig- nated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiary, determined as follows: (A) The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (B) If the Participant’s surviving Spouse is the Participant’s sole designated Beneficiary, the remaining life expectancy of the surviving Spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving Spouse’s age as of the Spouse’s birthday in that year. For distribution calendar years after the year of the surviving Spouse’s death, the remaining life expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse’s birthday in the calendar year of the Spouse’s death, reduced by one for each subsequent calendar year. (C) If the Participant’s surviving Spouse is not the Participant’s sole designated Beneficiary, the designated Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Participant’s Death. (1i) Death On or After Date Distributions Begin.: (iA) Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a desig- nated Designated Beneficiary, the t minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account 's account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Designated Beneficiary, determined as follows: (AI) The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (BII) If the Participant’s surviving Spouse spouse is the Participant’s sole designated Designated Beneficiary, the remaining life expectancy of the surviving Spouse spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving Spousespouse’s age as of the Spousespouse’s birthday in that year. For distribution calendar years after the year of the surviving Spousespouse’s death, the remaining life expectancy of the surviving Spouse spouse is calculated using the age of the surviving Spouse spouse as of the Spousespouse’s birthday in the calendar year of the Spousespouse’s death, reduced by one for each subsequent calendar year. (CIII) If the Participant’s surviving Spouse spouse is not the Participant’s sole designated Designated Beneficiary, the designated Designated Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Participant’s Death. (1A) Death On or After Date Distributions BeginDistribution Begins. (i) Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a desig- nated Beneficiarydesignated beneficiary, then the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiarybeneficiary, determined as follows: (A) a. The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (B) b. If the Participant’s surviving Spouse spouse is the Participant’s sole designated Beneficiarybeneficiary, then the remaining life expectancy of the surviving Spouse spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving Spousespouse’s age as of the Spousespouse’s birthday in that year. For distribution calendar years after the year of the surviving Spousespouse’s death, the remaining life expectancy of the surviving Spouse spouse is calculated using the age of the surviving Spouse spouse as of the Spousespouse’s birthday in the calendar year of the Spousespouse’s death, reduced by one for each subsequent calendar year. (C) c. If the Participant’s surviving Spouse spouse is not the Participant’s sole designated Beneficiarybeneficiary, then the designated Beneficiarybeneficiary’s remaining life expectancy is calculated using the age of the Beneficiary beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Participant’s Death. (1) Death On or After Date Distributions Begin. (ia) Participant Survived by Designated Beneficiary. : If the Participant dies on or after the date distributions begin and there is a desig- nated Designated Beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s designated Beneficiarybeneficiary, determined as follows: (Ai) The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. (Bii) If the Participant’s surviving Spouse spouse is the Participant’s sole designated Designated Beneficiary, the remaining life expectancy of the surviving Spouse spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving Spousespouse’s age as of the Spousespouse’s birthday in that year. For distribution calendar years after the year of the surviving Spousespouse’s death, the remaining life expectancy of the surviving Spouse spouse is calculated using the age of the surviving Spouse spouse as of the Spousespouse’s birthday in the calendar year of the Spousespouse’s death, reduced by one for each subsequent calendar year. (Ciii) If the Participant’s surviving Spouse spouse is not the Participant’s sole designated Designated Beneficiary, the designated Designated Beneficiary’s remaining life expectancy is calculated using the age of the Beneficiary beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year.