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: Plan and Trust Agreement (Diamond Technology Partners Inc), Adoption Agreement (Schuler Homes Inc), Oceaneering International Inc

AutoNDA by SimpleDocs

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: Plan and Trust Agreement (Horizon Health Corp /De/), Mmi Products Inc

AutoNDA by SimpleDocs

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: Participation Agreement (Team Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.