Qualified Distributions. A distribution of contributions or rollovers made pursuant to this Xxxx XXX, that are held in a Xxxx XXX account for five (5) or more Taxable Years, will be Federal income tax-free and penalty-free if the distribution is made on account of:
Appears in 8 contracts
Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc)
Qualified Distributions. A distribution of contributions or rollovers made pursuant to this Xxxx Rxxx XXX, that are held in a Xxxx Rxxx XXX account for five (5) or more Taxable Years, will be Federal income tax-free and penalty-free if the distribution is made on account of:
Appears in 2 contracts
Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc), Century Bancorp Inc
