Common use of Traditional XXX to Xxxx XXX Reconversions Clause in Contracts

Traditional XXX to Xxxx XXX Reconversions. A reconversion occurs when all or a portion of traditional XXX assets previously converted to a Xxxx XXX are recharacterized back to a traditional XXX and then converted again. After recharacterizing a conversion, you cannot reconvert until the later of: (1) the beginning of the year following the year the amount was converted, or (2) the end of the

Traditional XXX to Xxxx XXX Reconversions. A reconversion occurs when all or a portion of traditional XXX assets previously converted to a Xxxx XXX are recharacterized back to a traditional XXX and then converted again. After recharacterizing a conversion, you cannot reconvert until the later of: (1) the beginning of the year following the year the amount was converted, or (2) the end of thethe Movement of Other Assets to Xxxx IRAs.