Common use of Installment Distributions Clause in Contracts

Installment Distributions. A Participant may take a distribution over a specified period not to exceed the life or life expectancy of the Participant (and a designated beneficiary).

Appears in 12 contracts

Samples: 403(b) Plan Adoption Agreement, Nonstandardized Profit Sharing/401(k) Plan Adoption Agreement, 403(b) Plan Adoption Agreement

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Installment Distributions. A Participant may take a distribution over a specified period not to exceed the life or life expectancy of the Participant (and a designated beneficiary). □ (c) Installment distribution for required minimum distributions. A Participant may take an installment distribution solely to the extent necessary to satisfy the required minimum distribution rules under Section 8 of the Plan.

Appears in 2 contracts

Samples: Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement, 401(k) Plan Adoption Agreement

Installment Distributions. A Participant may take a distribution over a specified period not to exceed the life or life expectancy of the Participant (and a designated beneficiary). ¨ (c) Installment distribution for required minimum distributions. A Participant may take an installment distribution solely to the extent necessary to satisfy the required minimum distribution rules under Section 8.11 of the Plan.

Appears in 1 contract

Samples: 403(b) Plan Adoption Agreement

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Installment Distributions. A Participant may take a distribution over a specified period not to exceed the life or life expectancy of the Participant (and a designated beneficiary). ❒ (c) Installment distribution for required minimum distributions. A Participant may take an installment distribution solely to the extent necessary to satisfy the required minimum distribution rules under Section 8 of the Plan.

Appears in 1 contract

Samples: Volume Submitter Money Purchase Plan Adoption Agreement

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