Future Enhancements. (1) It is expected that the EPCRS revenue procedure will continue to be updated on a periodic basis, including, as noted above, further improvements to EPCRS based on comments previously received. In addition, the Service and Treasury continue to invite further comments on how to improve EPCRS. Comments should be sent to: Internal Revenue Service Attention: T:EP:RA:VC 0000 Xxxxxxxxxxxx Xxxxxx XX Xxxxxxxxxx, X.X. 00000
(2) The Service and Treasury are considering expanding the procedures under EPCRS and are interested in receiving comments regarding, among other things, appropriate correction procedures for failures arising under Simple IRAs (under section 408(p)). Submissions related to Simple IRAs are currently being accepted by the Service on a provisional basis outside of EPCRS.
(3) It is expected that procedural changes may be made in EPCRS during 2001 in connection with the general reorganization of the Service. For example, the address to which comments, submissions, and other correspondence is sent in connection with EPCRS may be changed. Such procedural changes will be announced if and when they are made.
Future Enhancements. (1) It is expected that the EPCRS revenue procedure will continue to be updated from time to time, including, as noted above, further improvements to EPCRS based on comments previously received. In addition, the Service and Treasury continue to invite further comments on how to improve EPCRS. Comments should be sent to: Internal Revenue Service Attention: SE:T:EP:RA:VC 0000 Xxxxxxxxxxxx Xxxxxx XX Xxxxxxxxxx, X.X. 00000
(2) Comments are requested for certain specific issues under EPCRS. First, comments are requested regarding methods to correct a failure to provide an eligible employee the opportunity to make a catch-up contribution that is permitted under the terms of the plan and § 414(v). (See 6.02(7) and Appendix B 2.
Future Enhancements. BidNet reserves the right to offer future services to all registered suppliers which may or may not include separate service fees.
Future Enhancements. Seller shall provide such services, including but not limited to automatic generation control, to the extent that Buyer agrees to be responsible for reasonable incremental costs incurred by Seller to provide such services subject to mutual agreement of the parties working in good faith to arrive at an equitable arrangement.
Future Enhancements. All future modifications and enhancements to the Software by Licensee shall be owned by Licensee. Likewise, any future enhancements or modifications to the Software made by Licensor shall be the sole property of Licensor and shall not be subject to this Agreement except as otherwise provided under Article VII, Section 6 hereof.
Future Enhancements. The primary purpose of this revenue procedure is to consolidate in a single document, for ease of use and reference, the guidance previously published with respect to EPCRS. Certain clarifications and revisions, discussed below, that do not involve significant substantive modification of EPCRS and that generally reflect the current practice under EPCRS, are included in this revenue procedure. The Service and Treasury are actively reviewing the comments that have been received on EPCRS that are not reflected in this revenue procedure. These additional enhancements will be incorporated into upcoming guidance on EPCRS. In addition to that guidance, it is anticipated that the consolidated EPCRS revenue procedure will be updated on an annual basis to reflect changes published during the preceding calendar year.
Future Enhancements. If Company has a website that is accessible by producers that contains pending and inforce policy information, Company shall design a separate home page for access by the General Agent and its designated producers. The technological, security protection and access specifications as well as the aesthetic considerations of this General Agent home page will be dictated by General Agent. Company shall employ all appropriate measures to ensure that this separate home page is accessible only to General Agent and its designated producers as dictated by General Agent and inaccessible to any unauthorized third party. This General Agent home page will contain links to the following sections of the Company’s website: General Agent-approved policy forms and marketing materials, pending case status, inforce policy information, state availability grids/charts, producer licensing status and underwriting requirements. Access to pending case status and inforce policy information shall be limited on a producer-level basis, with full access being granted to General Agent home office staff. Company shall employ all encryption methods required by General Agent in connection with accessing and transmitting information. Processing Transaction Description Start Date End Date Processing Standard Fund Transfers The contract owner requests reallocation of contract value of funds within the variable annuity The day Company receives a request to reallocate funds within the variable annuity The day Company service representative finalizes request and notifies the client Same day of receipt of request in good order Surrenders The contract owner terminates the contract The day Company receives a request to cancel the contract and begins to analyze for client The day Company service representative mails or wires funds to client Same day of receipt of request in good order Annuity Contract Issuance The contract owner requests new contract The day Company receives documentation and new money in good order The day Company mails issued contract to the client Same day of receipt of request in good order External 1035 The contract owner requests external exchange The day Company receives an exchange request and begins to analyze for client The day Company service representative finalizes request and notifies the client 5 business days from receipt or request in good order Beneficiary Changes The contract owner requests a change of beneficiary The day Company receives a request and begins to ana...
Future Enhancements. (1) It is expected that the EPCRS revenue procedure will continue to be updated on a periodic basis, including, as noted above, further improvements to EPCRS based on comments previously received. In addition, the Service and Treasury continue to invite further comments on how to improve EPCRS. Comments should be sent to: Internal Revenue Service Attention: T:EP:RA:VC 0000 Xxxxxxxxxxxx Xxxxxx XX Xxxxxxxxxx, X.X. 00000
(2) The Service and Treasury are considering expanding the procedures under EPCRS and are interested in receiving comments regarding, among other things, appropriate correction procedures for failures arising under § 457(b) plans. Submissions relating to § 457(b) eligible governmental plans will be accepted by the Service on a provisional basis outside of EPCRS. Submissions relating to other § 457(b) eligible plans may be accepted outside EPCRS as Employee Plans develops experience in the § 457 area. The Service is also interested in receiving comments regarding appropriate correction procedures for failures arising under Qualified Plans, 403(b) Plans and § 457(b) plans with § 408(q) “deemed IRA” provisions. Submissions related to Qualified Plans, 403(b) Plans and § 457(b) eligible governmental plans with § 408(q) “deemed IRA” provisions will be accepted by the Service on a provisional basis outside of EPCRS.
(3) The Service and Treasury are evaluating the availability of the correction procedures under EPCRS for any failures related to a plan’s participation in a transaction that is a reportable transaction under Treas. Regs. §1.6011-4(b). Until this evaluation is completed, the Service reserves its right to treat any such failures as ineligible for EPCRS or to deal with any such failures outside EPCRS.
Future Enhancements. The parties are responsible for enhancing the functionality of their respective components of the Oracle Solution Suite and eliminating functional redundancy on an ongoing basis in accordance with the Development Plan.
Future Enhancements. BidNet reserves the right to offer future services to the Participating Organization which may or may not include service fees.
