Common use of DISTRIBUTION RESTRICTIONS UNDER Clause in Contracts

DISTRIBUTION RESTRICTIONS UNDER. CODE Section 401(k). If the Plan receives a direct transfer (by merger or otherwise) of elective contributions (or amounts treated as elective contributions) under a Plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and (10) continue to apply to those transferred elective contributions.

Appears in 3 contracts

Samples: Adoption Agreement (Schuler Homes Inc), Defined Contribution Master Plan and Trust Agreement (Oceaneering International Inc), 401(k) Plan (Diamond Technology Partners Inc)

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DISTRIBUTION RESTRICTIONS UNDER. CODE Section 401(k401(K). If the Plan receives a direct transfer (by merger or otherwise) of elective contributions (or amounts treated as elective contributions) under a Plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and (10) continue to apply to those transferred elective contributions.

Appears in 2 contracts

Samples: Defined Contribution Master Plan and Trust Agreement (Horizon Health Corp /De/), Defined Contribution Prototype Plan and Trust Agreement (Mmi Products Inc)

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DISTRIBUTION RESTRICTIONS UNDER. CODE Section SECTION 401(k). If the Plan receives a direct transfer (by merger or otherwise) of elective contributions (or amounts treated as elective contributions) under a Plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and (10) continue to apply to those transferred elective contributions.

Appears in 1 contract

Samples: Salary Deferral Plan (Team Inc)

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