Common use of Children as Beneficiaries Clause in Contracts

Children as Beneficiaries. For the purposes of Section 8.02, any distribution paid to a Participant's child shall be treated as paid to the Participant's surviving Spouse if such amount becomes payable to the surviving Spouse when the child reaches the age of maturity.

Appears in 3 contracts

Samples: Scudder Flexi Plan Agreement (Scudder Equity Trust), Scudder Flexi Plan Agreement (Scudder Portfolio Trust/), Scudder Flexi Plan Agreement (Scudder Investment Trust)

AutoNDA by SimpleDocs

Children as Beneficiaries. For the purposes of Section 8.029.01, to the extent provided by Treasury regulations, any distribution paid to a Participant's child shall be treated as paid to the Participant's surviving Spouse if the remaining portion of the Participant's vested Account balance with respect to which such amount child is a Beneficiary becomes payable to the surviving Spouse when the child reaches the age of maturitymajority (or such other designated event permitted under the Treasury regulations).

Appears in 2 contracts

Samples: Prototype 401(k) Plan (United States Lime & Minerals Inc), Prototype 401(k) Plan (Associated Estates Realty Corp)

Children as Beneficiaries. For the purposes of Section 8.029.01, any distribution paid to a Participant's child shall be treated as paid to the Participant's surviving Spouse if such amount becomes payable to the surviving Spouse when the child reaches the age of maturitymajority.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Tro Learning Inc)

AutoNDA by SimpleDocs

Children as Beneficiaries. For the purposes of Section 8.029.01, to the ------------------------- extent provided by Treasury regulations, any distribution paid to a Participant's child shall be treated as paid to the Participant's surviving Spouse if the remaining portion of the Participant's vested Account balance with respect to which such amount child is a Beneficiary becomes payable to the surviving Spouse when the child reaches the age of maturitymajority (or such other designated event permitted under the Treasury regulations).

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Chandler Insurance Co LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!