Distributions and Withdrawals. 🞎 (i) Any distribution will be taken on a pro rata basis from the Participant’s Pre-Tax Deferral Account and Xxxx Deferral Account. 🞎 (ii) Any distribution will be taken first from the Participant’s Xxxx Deferral Account and then from the Participant’s Pre-Tax Deferral Account. 🞎 (iii) Any distribution will be taken first from the Participant’s Pre-Tax Deferral Account and then from the Participant’s Xxxx Deferral Account.
Distributions and Withdrawals. No Partner shall be entitled to make withdrawals from the Partnership except to the extent of distributions made pursuant to the express provisions of this Agreement. Distributions may be made in cash or in property, or partly in each, but no Partner shall have the right to require that a distribution be made other than in immediately available funds.
Distributions and Withdrawals. Subject to applicable laws and regulations and upon the direction of the Employer or Participant, as the case may be, State Street shall in accordance with the terms, as applicable, of the ABA Members Plans, Individually Designed Plans that are Individual Recordkeeping Plans and the Trusts, distribute the account balance or accrued benefit of each Participant. State Street shall make available to each Participant such arrangements as are necessary for the payment of benefits in accordance with applicable law and with the terms, as applicable, of the ABA Members Plans, Individually Designed Plans that are Individual Recordkeeping Plans, and the Trusts. In the case of an Individually Designed Plan that is an Aggregate Recordkeeping Plan, State Street shall make all payments to the trustee of such Plan. In accordance with the applicable Service Standards, State Street shall, subject to Section 11.01, provide each Investor under an Individual Recordkeeping Plan with a written confirmation of each distribution and any withdrawal from the assets for which such Investor is responsible.
Distributions and Withdrawals. The Employer is responsible for obtaining the ----------------------------- required completed Plan withdrawal documentation from the Participant and the spouse, if applicable, for any benefits payable under the Plan. The Employer must provide the Participant, beneficiary and spouse, if 5. <PAGE> applicable, with any required statutory and regulatory notice(s) and waiver(s). The Employer is responsible for the safekeeping of the Plan withdrawal documentation. Withdrawals for terminated Participants should not be requested until all Employer contributions have been sent to the Trustee and deposited into affected Participants accounts. The Employer or Administrator may provide Fidelity with accurate and complete data by either electronic data transmission or diskette generated by the Fidelity Workbench Software ("Software") when any Participant is entitled to receive benefits under the Plan. The Trustee agrees to process Participant withdrawals on any business day, Monday through Friday during any month subject to the following: . No withdrawals will be processed, except for loans, from December 15 through January 1. . The Administrator may not use the Software to make Participant distributions that are due to the Plan's failure of any required Internal Revenue Code test, that are to an alternate payee under a qualified domestic relations order, that are installment distributions, that are minimum required distributions, or that are to a beneficiary due to a Participant's death. . The Software may not be used if the Employer's Plan uses more than one vesting schedule to compute a Participant's vested percentage in his/her Employer contribution account. A Participant's vested percentage on Fidelity's Participant Recordkeeping System will be used to compute distributions unless the Employer provides the Trustee with a separate written direction prior to the distribution processing date indicating the Participant's vested percentage. (Note: Although a Participant's vested percentage line appears on certain Software withdrawal forms, it does not have any operational impact within the system. Therefore, any adjustment to a Participant's vested percentage must be made by the Employer prior to the submission of the data to Fidelity.) . The Trustee will provide the Employer with the Software and the corresponding instructions for installation and use. The Software is proprietary information of the Trustee and the Employer may not sell, distribute, copy or use it for...
Distributions and Withdrawals. (a) Distributions from your Account may be made at any time upon your direction. Only your balance in the Bank Portion of your Account is eligible for withdrawal or distribution. Any assets invested in the Funds must be transferred to the Bank Portion before such assets are eligible for withdrawal or distribution. The Custodian is not responsible for determining whether the distributions for the Account Owner, spouse and dependents are for qualified medical expenses as defined in Section 213(d) of the Code. In situations where the requested withdrawal of funds is greater than the available balance in the Bank Portion, the Custodian will not permit the withdrawal or transfer. If your Account becomes overdrawn for any reason, you agree to make an immediate deposit of funds sufficient to cover the overdraft. In such cases where your balance in the Bank Portion becomes overdrawn, we may charge a fee for such overdrafts.
Distributions and Withdrawals. 3236 An eligible employee in the EDC shall qualify for in-service withdrawals and distributions in accordance with the terms of the EDC and applicable IRC rules. Upon termination or retirement, the EDC account balance is distributed to the participant or, if qualified and elected, deferred in accordance with the applicable IRC rules.
Distributions and Withdrawals. No Member shall be entitled to make withdrawals from the Company except to the extent of Distributions made pursuant to express provisions of this Agreement. Distributions may be made in cash or in property or partly in each. No Member shall have the right to require that a Distribution be made other than in cash, except as expressly provided otherwise in this Agreement.
Distributions and Withdrawals. 9.1 Subject to: (i) clause 9.2; (ii) making or holding adequate reserves for any existing, anticipated or contingent liabilities, costs and expenses of the Partnership and the return of Capital Contributions pursuant to clause 9.2, and (iii) the provisions of the Law, any amounts available for distribution shall be distributed by the General Partner as follows:
Distributions and Withdrawals. The Employer is responsible for obtaining the ----------------------------- required completed Plan withdrawal documentation from the Participant and the spouse, if applicable, for any benefits payable under the Plan. The Employer must provide the Participant, beneficiary and spouse, if
Distributions and Withdrawals. A. Upon Separation from Service, attainment of Normal Retirement Age, death, or Disability the permissible forms of distribution under the Plan are as follows:
