Common use of Forms of Distribution Clause in Contracts

Forms of Distribution. Unless the participant's interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Sections 3 and 4 of this Article. If the participant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of section 401(a)(9) of the Code and the Treasury Regulations.

Appears in 1 contract

Sources: Trust Agreement (Southwest Community Bancorp)

Forms of Distribution. Unless the participantParticipant's interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with Sections 3 Articles III and 4 IV of this ArticleAmendment. If the participantParticipant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of section Section 401(a)(9) of the Code and the Treasury Regulationsregulations.

Appears in 1 contract

Sources: Non Standardized 401(k) Profit Sharing Plan (Aceto Corp)

Forms of Distribution. Unless the participantParticipant's interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the required beginning dateRequired Beginning Date, as of the first distribution calendar year distributions will be made in accordance with Sections 3 and 4 of this ArticleAmendment. If the participantParticipant's interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of section Section 401(a)(9) of the Code and the Treasury Regulations.

Appears in 1 contract

Sources: 401(k) Compensation Deferral Savings Plan Amendment (Corvas International Inc)