Common use of Early Distribution Penalty Tax Clause in Contracts

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

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

Early Distribution Penalty Tax. If you receive a SIMPLE an XXX distribution before you attain age 59½59-1/2, an additional early distribution penalty tax of 10 percent (25 percent if less than two years have passed since you first participated in a SIMPLE XXX plan sponsored by your employer) will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)the

Early Distribution Penalty Tax. If you are under age 59½ and receive a SIMPLE nonqualified Xxxx XXX distribution before you attain age 59½distribution, an additional early distribution penalty tax of 10 percent (25 percent if less than two years have passed since you first participated in a SIMPLE XXX plan sponsored by your employer) will apply to the taxable amount includible in income in the year of the distribution. If you are under age 59½ and receive a distribution unless one of conversion amounts or employer-sponsored retirement plan rollover amounts within the following exceptions apply. 1)five-year period beginning with the

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

Early Distribution Penalty Tax. If you receive a SIMPLE an XXX distribution before you attain age 59½591⁄2, an additional early distribution penalty tax of 10 percent (25 percent if less than two years have passed since you first participated in a SIMPLE XXX plan sponsored by your employer) will apply to the taxable amount of the distribution unless one of the following exceptions apply. 1)

Early Distribution Penalty Tax. If you are under age 59½ and receive a SIMPLE nonqualified Xxxx XXX distribution before you attain age 59½distribution, an additional early distribution penalty tax of 10 percent (25 percent if less than two years have passed since you first participated in a SIMPLE XXX plan sponsored by your employer) generally will apply to the taxable amount includible in income in the year of the distribution. If you are under age 59½ and receive a distribution unless one of conversion amounts or employer- sponsored retirement plan rollover amounts within the following exceptions apply. 1)five-

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

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