Common use of [X] Mandatory Distribution Clause in Contracts

[X] Mandatory Distribution. The Plan will make a Mandatory Distribution following Severance from Employment. (Complete (1) and (2). Choose (3) unless the Employer elects to limit Mandatory Distributions to $1,000 including Rollover Contributions under Elections 44(b)(1)b. and 44(b)(2)b.):

Appears in 5 contracts

Samples: 401(k) Plan Adoption Agreement (Knowles Corp), 401(k) Profit Sharing Plan (Nci Building Systems Inc), Adoption Agreement (Finisar Corp)

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[X] Mandatory Distribution. The Plan will make a Mandatory Distribution following Severance from Employment. (Complete (1) and (2). Choose (3) unless the Employer elects to limit Mandatory Distributions to $1,000 including Rollover Contributions under Elections 44(b)(1)b45(b)(1)b. and 44(b)(2)b45(b)(2)b.):

Appears in 2 contracts

Samples: Adoption Agreement (Fossil Group, Inc.), Adoption Agreement

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