Common use of Duties Of Individual Clause in Contracts

Duties Of Individual. The administrative functions the Individual must perform include: (a) determining the amount and timing of the annual contribution, if any; (b) notifying the Trustee of any excess contribution made for a Taxable Year and directing the Trustee as to the disposition of such contribution plus the investment earnings thereon; (c) authorizing any payment or distribution from the account; (d) filing Form 5329, Return for Additional Taxes Attributable to Qualified Retirement Plans, if an excise tax is owed with respect to the Xxxx XXX; (e) furnishing the Trustee with a written explanation of the intended use of any distribution to the Individual prior to the attainment of age 59 1/2; and (f) furnishing the Trustee with any information the Trustee may need to complete any governmental report required under applicable statutes or regulations. The Employer named below hereby establishes a Cash or Deferred Profit-Sharing Plan for eligible Employees as provided in this Adoption Agreement and the accompanying Basic Plan Document #01.

Duties Of Individual. The administrative functions the Individual must perform include: (a) determining the amount and timing of the annual contribution, if any; (b) notifying the Trustee of any excess contribution made for a Taxable Year and directing the Trustee as to the disposition of such contribution plus the investment earnings thereon; (c) authorizing any payment or distribution from the account; (d) filing Form 5329, Return for Additional Taxes Attributable to Qualified Retirement Plans, if an excise tax is owed with respect to the Xxxx XXX; (e) furnishing the Trustee with a written explanation of the intended use of any distribution to the Individual prior to the attainment of age 59 1/2591/2; and (f) furnishing the Trustee with any information the Trustee may need to complete any governmental report required under applicable statutes or regulations. The Employer named below hereby establishes a Cash or Deferred Profit-Sharing Plan for eligible Employees as provided in this Adoption Agreement and the accompanying Basic Plan Document #01.

Duties Of Individual. The administrative functions the Individual must perform include: (a) determining the amount and timing of the annual contribution, if any; (b) notifying the Trustee of any excess contribution made for a Taxable Year and directing the Trustee as to the disposition of such contribution plus the investment earnings thereon; (c) authorizing any payment or distribution from the account; (d) filing Form 5329, Return for Additional Taxes Attributable to Qualified Retirement Plans, if an excise tax is owed with respect to the Xxxx XXX; (e) furnishing the Trustee with a written explanation of the intended use of any distribution to the Individual prior to the attainment of age 59 1/2; and (f) furnishing the Trustee with any information the Trustee may need to complete any governmental report required under applicable statutes or regulations. The Employer named below hereby establishes a Cash or Deferred Profit-Sharing sharing Plan for eligible Employees as provided in this Adoption Agreement and the accompanying Basic Plan Document #01.