Common use of Distribution of Xxxx Deferrals Clause in Contracts

Distribution of Xxxx Deferrals. To the extent a Participant takes a distribution or withdrawal from his/her deferral Account(s), the Participant may designate the extent to which such distribution is taken from the Pre-Tax Deferral Account or from the Xxxx Deferral Account. (See Section 8.11(b)(2) of the Plan for default distribution rules if a Participant fails to designate the appropriate Account for corrective distributions from the Plan.) Alternatively, the Employer may designate the order of distributions for the distribution types listed below:

Appears in 3 contracts

Samples: www.asc-net.com, www.asc-net.com, www.asc-net.com

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Distribution of Xxxx Deferrals. To Unless designated otherwise under this subsection, to the extent a Participant takes a distribution or withdrawal from his/her deferral Salary Deferral Account(s), the Participant may designate the extent to which such distribution is taken from the Pre-Tax Deferral Account or from the Xxxx Deferral Account. (See Section 8.11(b)(2) of the Plan for default distribution rules if a Participant fails to designate the appropriate Account for corrective distributions from the Plan.) Alternatively, the Employer may designate the order of distributions for the distribution types listed below:

Appears in 1 contract

Samples: Adoption Agreement (Rayonier Advanced Materials Inc.)

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