No Pledging. If you pledge all or a portion of your Xxxx XXX as security for a loan, the portion pledged will be treated as a distribution to you, subject to the Xxxx XXX ordering rules, potentially included in gross income, and may be subject to the 10 percent early-distribution penalty tax.
Appears in 4 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
No Pledging. If you pledge all or a portion of your Xxxx XXX as security for a loan, the portion pledged will be treated as a distribution to you, subject to and the Xxxx XXX ordering rules, potentially taxable portion will be included in gross income, and may be subject to the 10 percent early-distribution penalty tax.
Appears in 3 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
