Common use of Certain Distributions Clause in Contracts

Certain Distributions. In the event a distribution made to or on behalf of a Participant prior to the attainment of age fifty-nine and one-half (59-1/2), would be subject to the ten percent (10%) penalty tax set forth in section 72(t) or 72(m)(5) of the Code, the Participant may, within sixty (60) days of the distribution date, request that the distribution be transferred to another qualified retirement plan or an Individual Retirement Account as a rollover contribution, if the distribution satisfies the requirements of section 402(c)(5) of the Code.

Certain Distributions. In the event a distribution of an account balance made to or on behalf of a Participant prior to the attainment of age fifty-nine and one-half (59-1/2), ) would be subject to the ten percent (10%) penalty tax set forth in section 72(t) or 72(m)(5) of the Code, the Participant may, within sixty (60) days of the distribution date, request that the distribution be transferred to another qualified retirement plan or an Individual Retirement Account as a rollover contribution, contribution if the distribution satisfies the requirements of section 402(c)(5402(a)(5) of the Code.

Certain Distributions. In the event a distribution of an account balance made to or on behalf of a Participant prior to the attainment of age fifty-nine and one-half (59-59 1/2), ) would be subject to the ten percent (10%) penalty tax set forth in section 72(t) or 72(m)(5) of the Code, the Participant may, within sixty (60) days of the distribution date, request that the distribution be transferred to another qualified retirement plan or an Individual Retirement Account as a rollover contribution, contribution if the distribution satisfies the requirements of section 402(c)(5402(a)(5) of the Code.

Certain Distributions. In the event a distribution of an account balance made to or on behalf of a Participant prior to the attainment of age fifty-nine and one-half (59-59 1/2), ) would be subject to the ten percent (10%) penalty tax set forth in section 72(t) or 72(m)(5) of the Code, the Participant may, within sixty (60) days of the distribution date, request that the distribution be transferred to another qualified retirement plan or an Individual Retirement Account as a rollover contribution, contribution if the distribution satisfies the requirements of section 402(c)(5ofsection 402(a)(5) of the Code.