Tax-free Earnings Sample Clauses

Tax-free Earnings. The earnings, including gains and losses, on Your spouse beneficiary can take a distribution of part or all of your Xxxx XXX contributions accumulate tax-deferred. At the time of his/her share of your Xxxx XXX and roll it over to a Xxxx XXX of your distribution, the earnings will be free from federal income tax if his/her own, less any RMD. your distribution is a qualified distribution.
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Tax-free Earnings. The earnings, including gains and losses, on your Xxxx XXX contributions accumulate tax-deferred. At the time of your distribution, the earnings will be free from federal income tax if your distribution is a qualified distribution.
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Related to Tax-free Earnings

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Payment of Earnings The Borrower undertakes with each Creditor Party to ensure that throughout the Security Period (subject only to provisions of the relevant General Assignment), all the Earnings of each Ship are paid to the Earnings Account for that Ship.

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