Common use of Distribution Processing Clause in Contracts

Distribution Processing. BOSTON FINANCIAL shall process distributions to Participants in accordance with the written directions of the Participants. BOSTON FINANCIAL shall withhold and deposit federal and state income taxes as may be required by law and prepare Internal Revenue Service Form 1099-R or such other forms as may be required under the Internal Revenue Code for the reporting of distributions.

Distribution Processing. BOSTON FINANCIAL Boston Financial shall process distributions to Participants in accordance with the written directions direction of the Plan Sponsor or Participants. BOSTON FINANCIAL Boston Financial shall withhold and deposit federal and state income taxes as may be required by law and provide such information to Pioneer so that Pioneer can prepare Internal Revenue Service Form 1099-R or such other forms as may be required under the Internal Revenue Code for the reporting of distributions, including deemed loan distributions in connection with paragraph 10 below (Loan Processing).