Pooling of Individual Allotments Sample Clauses

Pooling of Individual Allotments. Individuals are free, but cannot be required, to pool their separate $450 in order to defray professional development costs of a joint nature. This provision is not intended to allow individual employees to donate their professional development incentive amounts to another employee(s) for the purpose of defraying tuition costs for classes or workshops.
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Pooling of Individual Allotments. Individuals are free, but cannot be required, to pool their separate $300 allotments ($350 in 2013-

Related to Pooling of Individual Allotments

  • 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.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

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