Common use of Annuity Distributions Clause in Contracts

Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan.

Appears in 7 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement

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Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 7.01 of the Plan.

Appears in 2 contracts

Samples: Pension Plan Adoption Agreement, Pension Plan Adoption Agreement

Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan. ¨ (e) Describe: [Note: Any distribution option described in (e) will apply uniformly to all Participants under the Plan and may not be subject to the discretion of the Employer or Plan Administrator.]

Appears in 1 contract

Samples: 403(b) Plan Adoption Agreement

Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan. ❒ (e) Describe: Joint and Survivor Annuity Rules do not apply pursuant to 11.09 of the Basic Plan Document. [Note: Any distribution option described in (e) will apply uniformly to all Participants under the Plan and may not be subject to the discretion of the Employer or Plan Administrator.]

Appears in 1 contract

Samples: Volume Submitter Money Purchase Plan Adoption Agreement

Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan. [This annuity distribution option is in addition to any QJSA distribution required under AA §9-2.]

Appears in 1 contract

Samples: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.)

Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan. (c) Describe distribution options:

Appears in 1 contract

Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement

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Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan. [Note: This annuity distribution option is in addition to any QJSA distribution required under AA §9-2.]

Appears in 1 contract

Samples: Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement

Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan. □ (e) Describe: Sample Document [Note: Any distribution option described in (e) will apply uniformly to all Participants under the Plan and may not be subject to the discretion of the Employer or Plan Administrator.]

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement

Annuity Distributions. A Participant may elect to have the Plan Administrator use the Participant’s vested Account Balance to purchase an annuity as described in Section 8.02 of the Plan.  (e) Describe: [Note: Any distribution option described in (e) will apply uniformly to all Participants under the Plan and may not be subject to the discretion of the Employer or Plan Administrator.]

Appears in 1 contract

Samples: Volume Submitter Money Purchase Plan Adoption Agreement

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