Common use of TEFRA Section 242(b)(2) Elections Clause in Contracts

TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this Article, distributions may be made under a designation made before January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (“TEFRA”) and the provisions of the Plan that relate to Section 242(b)(2) of TEFRA.

Appears in 4 contracts

Samples: Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.), Century Bancorp Inc

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TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this Articleamendment, distributions may be made under a designation made before January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the provisions of the Plan that relate to Section 242(b)(2) of TEFRA.

Appears in 3 contracts

Samples: Adoption Agreement (Americas Carmart Inc), Adoption Agreement (Americas Carmart Inc), Adoption Agreement (LSB Bancshares Inc /Nc/)

TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this ArticleSection 5.11, distributions may be made under a designation made before January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (“TEFRA”) and the provisions of the Plan that relate to Section 242(b)(2) of TEFRA).

Appears in 3 contracts

Samples: Non Standardized (Atlas America Inc), Contribution Plan and Trust (Triad Guaranty Inc), Comstock Resources Inc

TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this Articleamendment, distributions may be made under a designation made before January 1, 1984, in accordance with Section section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the provisions of the Plan that relate to Section section 242(b)(2) of TEFRA.

Appears in 1 contract

Samples: For Trust Agreement (Clayton Williams Energy Inc /De)

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TEFRA Section 242(b)(2) Elections. Notwithstanding anything to the other provisions of this Articlecontrary herein, distributions may be made under a designation made before January 1, 1984, in accordance with Section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the provisions of the Plan that relate to TEFRA Section 242(b)(2) of TEFRA).

Appears in 1 contract

Samples: Plan and Trust Agreement

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