Common use of Required Minimum Distributions During Participants Lifetime Clause in Contracts

Required Minimum Distributions During Participants Lifetime. (a) During the Participant’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: (i) the quotient obtained by dividing the Participant’s Account balance by the distribution period in the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or (ii) if the Participant’s sole Designated Beneficiary for the Distribution Calendar Year is the Participant’s Spouse, the quotient obtained by dividing the Participant’s Account balance by the number in the Joint and Last Survivor Table set forth in section 1.401(a)(9)-9 of the Treasury Regulations, using the Participant’s and Spouse’s attained ages as of the Participant’s and Spouse’s birthdays in the Distribution Calendar Year. (b) Required minimum distributions will be determined under this Subsection (4) beginning with the first Distribution Calendar Year and up to and including the Distribution Calendar Year that includes the Participant’s date of death.

Required Minimum Distributions During Participants Lifetime. (a) During the Participant’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year distribution calendar year is the lesser of: (ia) the quotient obtained by dividing the Participant’s Account account balance by the distribution period in the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 Section 1.401(a)(9)‑9, Q&A-2, of the Treasury Regulations, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Yeardistribution calendar year; or (iib) if the Participant’s sole Designated Beneficiary designated beneficiary for the Distribution Calendar Year distribution calendar year is the Participant’s Spousespouse, the quotient obtained by dividing the Participant’s Account account balance by the number in the Joint and Last Survivor Table set forth in section 1.401(a)(9)-9 Section 1.401(a)(9)‑9, Q&A-3, of the Treasury Regulations, using the Participant’s and Spousespouse’s attained ages as of the Participant’s and Spousespouse’s birthdays in the Distribution Calendar Year. (b) distribution calendar year. Required minimum distributions will be determined under this Subsection (4) Section 12.05 beginning with the first Distribution Calendar Year distribution calendar year and up to and including the Distribution Calendar Year distribution calendar year that includes the Participant’s date of death.