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 6.8(c) and 6.8(d) and only in a form of distribution provided in Section 6.5 or 6.6, as applicable. 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 Code §401(a)(9) and the Regulations thereunder.

Appears in 1 contract

Sources: Disclosure Statements and Trust Agreements

Forms of Distribution. Unless the Participant's ’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 "(1st) distribution calendar year" year distributions will be made in accordance with Sections 6.8(csubparagraphs 8.13(d) and 6.8(d(e) and only in a form of distribution provided in Section 6.5 or 6.6, as applicablethis paragraph. If the Participant's ’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 Code §Section 401(a)(9) of the Code and the Regulations thereunderTreasury regulations.

Appears in 1 contract

Sources: Profit Sharing Plan Adoption Agreement (Southern National Bancorp of Virginia Inc)