Common use of Qualified Distribution Clause in Contracts

Qualified Distribution. Distributions from a ▇▇▇▇ Deferral Contribution Account shall not be subject to taxation if the distribution is a qualified distribution, as described in Code Section 402A(d)(2). Notwithstanding anything herein to the contrary, the taxation of any distribution from the ▇▇▇▇ Deferral Contribution Account shall be consistent with the Treasury Regulations under Code Section 402A.

Qualified Distribution. Distributions from a ▇R▇▇▇ Deferral Contribution Account shall not be subject to taxation if the distribution is a qualified distribution, as described in Code Section 402A(d)(2). Notwithstanding anything herein to the contrary, the taxation of any distribution from the ▇R▇▇▇ Deferral Contribution Account shall be consistent with the Treasury Regulations under Code Section 402A.