Ordering Rules Upon Death Of Individual. For purposes of the ordering rules upon distribution, a Beneficiary’s inherited Xxxx IRAs may not be aggregated with any other Xxxx IRAs maintained by such Beneficiary, except for other Xxxx IRAs that the Beneficiary inherited from the same decedent. However, if the surviving Spouse is the sole Beneficiary of a Xxxx XXX and such surviving Spouse elects to treat the Xxxx XXX as his or her own Xxxx XXX, the Spouse can aggregate contributions with his or her other Xxxx IRAs for purposes of determining the ordering rules when distributions are taken.
Appears in 6 contracts
Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.)
Ordering Rules Upon Death Of Individual. For purposes of the ordering rules upon distribution, a Beneficiary’s 's inherited Xxxx IRAs may not be aggregated with any other Xxxx IRAs maintained by such Beneficiary, except for other Xxxx IRAs that the Beneficiary inherited from the same decedent. However, if the surviving Spouse is the sole Beneficiary of a Xxxx XXX and such surviving Spouse elects to treat the Xxxx XXX as his or her own Xxxx XXX, the Spouse can aggregate contributions with his or her other Xxxx IRAs for purposes of determining the ordering rules when distributions are taken.
Appears in 2 contracts
Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.)
Ordering Rules Upon Death Of Individual. For purposes of the ordering rules upon distribution, a Beneficiary’s inherited Xxxx Rxxx IRAs may not be aggregated with any other Xxxx Rxxx IRAs maintained by such Beneficiary, except for other Xxxx Rxxx IRAs that the Beneficiary inherited from the same decedent. However, if the surviving Spouse is the sole Beneficiary of a Xxxx Rxxx XXX and such surviving Spouse elects to treat the Xxxx Rxxx XXX as his or her own Xxxx Rxxx XXX, the Spouse can aggregate contributions with his or her other Xxxx Rxxx IRAs for purposes of determining the ordering rules when distributions are taken.
Appears in 1 contract
Samples: Century Bancorp Inc
Ordering Rules Upon Death Of Individual. For purposes of the ordering rules upon distribution, a Beneficiary’s 's inherited Xxxx Rxxx IRAs may not be aggregated with any other Xxxx Rxxx IRAs maintained by such Beneficiary, except for other Xxxx Rxxx IRAs that the Beneficiary inherited from the same decedent. However, if the surviving Spouse is the sole Beneficiary of a Xxxx Rxxx XXX and such surviving Spouse elects to treat the Xxxx Rxxx XXX as his or her own Xxxx Rxxx XXX, the Spouse can aggregate contributions with his or her other Xxxx Rxxx IRAs for purposes of determining the ordering rules when distributions are taken.
Appears in 1 contract
Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc)
