Common use of Tax on Non-Qualified Distributions Clause in Contracts

Tax on Non-Qualified Distributions. Non-qualified distributions will be subject to all applicable federal and state taxes on earnings, including the additional federal tax of 10% on such earnings.

Appears in 1 contract

Samples: Participation Agreement

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Tax on Non-Qualified Distributions. Non-qualified distributions will be subject to all applicable federal and state taxes on earnings, including the additional federal tax of 10% on such earnings.

Appears in 1 contract

Samples: Participation Agreement

Tax on Non-Qualified Distributions. Non-qualified distributions Qualified Distributions will be subject to all applicable federal and state taxes on earnings, including the additional federal tax of Additional 10% on such earningsFederal Tax as described in the Plan Disclosure Statement.

Appears in 1 contract

Samples: Participation Agreement

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Tax on Non-Qualified Distributions. Non-Non- qualified distributions will be subject to all applicable federal and state taxes on earnings, including the additional federal tax of 10% on such earnings.

Appears in 1 contract

Samples: Participation Agreement

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