Taxable distribution definition

Taxable distribution means the same as the term is defined in Section 2612(b) of the Internal Revenue Code.
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Taxable distribution means a distribution that would not qualify as a distribution described in Section 355 of the Code.
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Examples of Taxable distribution in a sentence

  • Taxable distribution definition.Defines “taxable distribution” as a nonqualified distribution and “taxable distributions not subject to the additional federal tax.” Accounts-type plan.Amends definition of “accounts-type plan” to remove the requirement that qualified higher education expenses be spent at an eligible educational institution.

  • You must choose one of the following:• Premature – Taxable distribution to a person under the age of 59 ½, in which a 10% premature tax penalty will be incurred (separate from Federal Income Tax), unless the distribution is to be rolled over into an IRA within 60 days.

  • When you become eligible to receive a distribution from the ESOP, you will have the following choices on how to receive your ESOP account balance:⮚ Taxable distribution – If you elect a taxable distribution, your account balance will be paid directly to you, less 20% mandatory withholding, if applicable.

  • You must choose one of the following:Normal – Taxable distribution to a person over the age of 59 ½.

  • Taxable distribution amount NOTE: 1099-R Forms are sent out at the contract level.

  • Technical consultant services will be used for this project to complete technical analysis, information gathering, prepare graphics, and to assist with public and stakeholder outreach.

  • Taxable distribution can be either ordinary income or capital schems which are equity schemes , debt and hybrid schems.The present study includes five-year return of the mutual fund companies and funds in India.

  • When you become eligible to receive a distribution from the ESOP, you will have the following choices on how to receive your ESOP account balance: Ø Taxable distribution – If you elect a taxable distribution, your account balance will be paid directly to you, less 20% mandatory withholding, if applicable.

Related to Taxable distribution

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Cash Distribution means the distribution by the Company to all holders of its Common Stock of cash, other than any cash that is distributed upon a merger or consolidation to which Section 2(h) applies or as part of a distribution referred to in paragraph (4) of Section 2(b).