Common use of PARTICIPANT Notice Clause in Contracts

PARTICIPANT Notice. A Participant entitled to an "eligible rollover distribution" must receive a written explanation of the right to a "direct rollover," the tax consequences of not making a "direct rollover," and, if applicable, any available special income tax elections. The notice must be provided within the same thirty (30) – one-hundred eighty (180) day timeframe applicable to the Participant consent notice as set forth in Section 6.5(d)(3). The "direct rollover" notice must be provided to all Participants, unless the total amount the Participant will receive as a distribution during the calendar year is expected to be less than $200.

PARTICIPANT Notice. A Participant entitled to an "eligible rollover distribution" distribution must receive a written explanation of the his/her right to a "direct rollover," , the tax consequences of not making a "direct rollover," , and, if applicable, any available special income tax elections. The notice must be provided within the same thirty (30) – one-hundred eighty (180) to-90 day timeframe applicable to the Participant consent notice as set forth in Section 6.5(d)(3)notice. The "direct rollover" rollover notice must be provided to all Participants, unless the total amount the Participant will receive as a distribution during the calendar year is expected to be less than $200.