Common use of Amount of Mandatory Distribution subject to Automatic Rollover Clause in Contracts

Amount of Mandatory Distribution subject to Automatic Rollover. A Mandatory Distribution to a Participant before attaining the later of age 62 or Normal Retirement Age is subject to Automatic Rollover under Section 6.08(D) (Choose one of a. or b.): a. [ ] Only if exceeds $1,000. Only if the amount of the Mandatory Distribution exceeds $1,000, which for this purpose must include any Rollover Contributions Account. b. [ ] Specify lesser amount. Only if the amount of the Mandatory Distribution is at least: $ (specify

Appears in 3 contracts

Sources: Adoption Agreement, Adoption Agreement, Adoption Agreement

Amount of Mandatory Distribution subject to Automatic Rollover. A Mandatory Distribution to a Participant before attaining the later of age 62 or Normal Retirement Age is subject to Automatic Rollover under Section 6.08(D) (Choose choose one of a. (5) or b.(6) unless the Employer elects under Elections 44(b)(2) to limit Mandatory Distributions to $1,000 (including Rollover Contributions): a. [ ] Only if exceeds $1,000. Only if the amount of the Mandatory Distribution exceeds $1,000, which for this purpose must include any Rollover Contributions Account. b. [ ] Specify lesser amount. Only if the amount of the Mandatory Distribution is at least: $ (specify

Appears in 3 contracts

Sources: Adoption Agreement, Adoption Agreement, Adoption Agreement

Amount of Mandatory Distribution subject to Automatic Rollover. A Mandatory Distribution to a Participant before attaining the later of age 62 or Normal Retirement Age is subject to Automatic Rollover under Section 6.08(D) (Choose one of a. or b.b.):choose one of (5) or (6) unless the Employer elects under Elections 44(b)(2) to limit Mandatory Distributions to $1,000 (including Rollover Contributions): a. [ ] Only if exceeds $1,000. Only if the amount of the Mandatory Distribution exceeds $1,000, which for this purpose must include any Rollover Contributions Account. b. [ ] Specify lesser amount. Only if the amount of the Mandatory Distribution is at least: $ (specify

Appears in 1 contract

Sources: Defined Contribution Prototype Plan and Trust Adoption Agreement