Common use of Amount of Distributions Clause in Contracts

Amount of Distributions. A distribution satisfies the requirements of this Plan Section 7.14(e) if the distribution is equal to the amount of automatic elective contributions made under the EACA through the effective date of the election (adjusted for allocable gains and losses to the date of distribution).

Appears in 2 contracts

Sources: Adoption Agreement (Fairfax Financial Holdings LTD/ Can), Basic Plan Document (Fairfax Financial Holdings LTD/ Can)