Examples of TSA Contract in a sentence
For purposes of determining the tax basis or investment in the contract under § 72 for a TSA Contract, IRA Contract, or Qualified Plan Contract in Trust, a Policy Credit will not be taken into account.
Payment obligations on the TSA Contract shall be shared equally between the: Indiana Parties and the Kentucky Parties, and the TSA Contract shall provide that each State shall only be responsible for one-half of the Joint Board's financial obligations under the Contract.
If an objection to the proposed assumption and assignment or rejection or Cure Amount Claim is properly Filed and served prior to the objection deadline, the Liquidating Trustee and the objecting party may resolve such objection by stipulation, without further action of the Bankruptcy Court; provided, however, that any resolution of an objection with respect to a TSA Contract shall require the written consent of the Buyer.
For purposes of § 403(b)(11) and the effective date provisions applicable thereto, a pro rata portion of the Policy Credits added to a TSA Contract to which such contributions have been made pursuant to a salary reduction agreement will be treated as earnings attributable to such contributions and will be treated as credited under the contracts in the year such Policy Credits are made to the contracts pursuant to the Plan.
Neither the addition of a Policy Credit nor the right thereto will constitute a distribution in violation of § 403(b)(11) or otherwise disqualify a TSA Contract under § 403(b).
The addition of Policy Credits will not result current taxable income to the TSA Contract, IRA Contract or Qualified Plan policyholders or annuitants but will be includible in the taxable income of the distributee, in the taxable year of actual distribution, pursuant to § 72(a) or 72(e), whichever is applicable.
Each Non-Contracting party shall absorb all its internal costs associated with its duties hereunder and under the TSA Contract.
LOANS SECTION 403 (B) COLLATERALIZED LOANS If Your employer's Plan and TSA Contract permits loans, such loans will be made only from any Registered Fixed Account Option value and only up to the IRS Code limits (currently $50,000).
LOANSSECTION 403 (B) COLLATERIZED LOANSIf Your employer’s Plan and TSA Contract permits loans, such loans will be made only from any Registered Fixed Account Option value and only up to the IRS Code limits (currently $50,000).
For purposes of the § 403(b)(11) restrictions on distributions attributable to contributions under salary reduction arrangements and the income thereon, a pro rata portion of a Policy Credit added to a TSA Contract to which such contributions have been made will constitute earnings attributable to such contributions for the year in which the Policy Credit is made.