Common use of No Election by Participant or Beneficiaries Clause in Contracts

No Election by Participant or Beneficiaries. In the event that an affected Participant or Beneficiary does not make an election to suspend or continue the applicable 2009 RMD, then the default provision shall be decided by the Employer and shall be to discontinue the 2009 RMDs.

Appears in 3 contracts

Samples: Individual 401(k) Plan Purchase Agreement, Employer Sponsored Plan Account Agreement, Employer Sponsored Plan Account Agreement

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No Election by Participant or Beneficiaries. In the event that an affected Participant or Beneficiary does Beneficiaries do not make an election to suspend or continue the applicable 2009 2020 RMD, then the default provision shall be decided by the Employer and shall be to discontinue the 2009 2020 RMDs.

Appears in 1 contract

Samples: Employer Sponsored Plan Account Agreement

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