Common use of Early Distribution Penalty Tax Clause in Contracts

Early Distribution Penalty Tax. If you receive a Traditional IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)

Appears in 58 contracts

Samples: Ira Prototype Plan Agreement, Prototype              Plan               Agreement, secure.alpsinc.com

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Early Distribution Penalty Tax. If you receive a Traditional an IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)

Appears in 36 contracts

Samples: Individual Retirement Custodial Account Agreement, Individual    Retirement   Trust    Account    Agreement, Individual Retirement Trust Account Agreement

Early Distribution Penalty Tax. If you receive a Traditional SIMPLE IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally (25 percent if less than two years have passed since you first participated in a SIMPLE IRA plan sponsored by your employer) will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)

Appears in 22 contracts

Samples: Custodial Account Adoption Agreement, Custodial Account Adoption Agreement, www.hartfordfunds.com

Early Distribution Penalty Tax. If you receive a Traditional IRA distribution or a nonqualified Xxxx an XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)

Appears in 13 contracts

Samples: Individual Retirement Custodial Account Agreement, Account Agreement, www.darbie.com

Early Distribution Penalty Tax. If you receive a Traditional IRA distribution or a nonqualified Xxxx an XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1).

Appears in 5 contracts

Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement

Early Distribution Penalty Tax. If you receive a Traditional an IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution distribu- tion unless one of the following exceptions apply. 1)

Appears in 5 contracts

Samples: www.stifel.com, Stifel Account, Stifel Account

Early Distribution Penalty Tax. If you receive a Traditional an IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1).

Appears in 3 contracts

Samples: Individual Retirement Custodial Account Agreement, Ach Agreement, www.navyfederal.org

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Early Distribution Penalty Tax. If you receive a Traditional SIMPLE IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)(25 percent if less than

Appears in 3 contracts

Samples: www.stifel.com, Stifel Account, Stifel Account

Early Distribution Penalty Tax. If you receive a Traditional SIMPLE IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)(25 percent if less than two years have passed since you first

Appears in 1 contract

Samples: Simple Individual Retirement Custodial Account Agreement

Early Distribution Penalty Tax. If you receive a Traditional an IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1):

Appears in 1 contract

Samples: Ach Agreement

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