Payments to Current Participants Sample Clauses

Payments to Current Participants. Current Participants will not be required to submit a Former Participant Claim Form to receive a settlement payment. The Settlement Administrator shall complete all payment calculations for all Current Participants and Authorized Former Participants within thirty (30) business days after the Settlement Effective Date.
Sample 1Sample 2Sample 3See All (11)
Payments to Current Participants and Beneficiaries or Alternate Payees with Active Accounts. Current Participants, and Beneficiaries or Alternate Payees who have Active Accounts, will not be required to submit a Former Participant Claim Form to receive a settlement payment.
Sample 1Sample 2Sample 3
Payments to Current Participants. The Settlement Administrator shall complete all payment calculations for all Current Participants within forty-five (45) calendar days after the Settlement Effective Date.
Sample 1Sample 2
Payments to Current Participants. Current Participants will automatically receive a settlement payment to their accounts in the Plans.
Sample 1
Payments to Current Participants. For Current Participants with an Active Account at the time of the Settlement Payments, any distribution will be made into their accounts in the Plan. As described below, the Settlement Administrator shall cause an amount equal to the portion of the Net Settlement Amount allocated under the Plan of Allocation to the Current Participants, along with data and other supporting information identifying the settlement share amount owed to each Current Participant, to be transferred to the Plan’s existing recordkeeper in accordance with the recordkeeper’s requirements for receiving same. The Plan’s recordkeeper will then distribute the individual settlement shares to the Current Participants with Active Accounts pursuant to the data and other supporting information provided by the Settlement Administrator, and in accordance with instructions from Class Counsel and the Plan of Allocation. All such amounts shall be retained in the Qualified Settlement Fund for distribution under this Article 6.
Sample 1

Related to Payments to Current Participants

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • Saver’s Credit for IRA Contributions A credit of up to $1,000, or up to $2,000 if married filing jointly, may be available to certain taxpayers having a joint AGI of less than $65,000 in 2020, or $66,000 in 2021. The credit may also be available to certain taxpayers who are heads of household with an AGI of less than $48,750 in 2020, $49,500 in 2021, or married individuals filing separately and singles with an AGI less than $32,500 in 2020, or $33,000 in 2021. Some of the restrictions that apply include: • the individual must be at least 18; • not a full-time student; • not declared as a dependent on another taxpayer’s return; or • any distribution from most retirement plans (qualified and non-qualified) will decrease the eligible contribution.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

Time is Money Join Law Insider Premium to draft better contracts faster.