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(c) Required Minimum Distributions During Participant’s Lifetime.
(1) Amount of Required Minimum Distribution For Each Distribution Calendar Year. 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 Q&A-2 in section 1.401(a)(9)-9 of the regulations, using the Participant’s age as of
the Participan
t
’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 Q&A-3 in section 1.401(a)(9)-9 of the regulations, using the Participant’s and
spouse’s attained ages as of the Participant’s and spouse’s birthdays in the Distribution Calendar Year.
(2) Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum
distributions will be determined under this (c) beginning with the first Distribution Calendar Year and continuing up
to, and including, the Distribution Calendar Year that includes the Participant’s date of death.
(d) 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 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 Balance by the longer of the remaining Life Expectancy of the Participant or the remaining Life
Expectancy of the Participan
t
’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.
RESTATEMENT DECEMBER 15, 2006
63 ARTICLE VII (5-19047)