Qualified Special Purpose Distribution. If the entire ▇▇▇▇ ▇▇▇ account balance is distributed before any other ▇▇▇▇ ▇▇▇ contributions are made, the five (5) year holding period does not start over when future contributions are made. However, in the following situations, the five (5) year holding period will not be considered to have begun if:
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Sources: Defined Contribution Plan (United Community Bancorp), Defined Contribution Plan (FNB United Corp.)
Qualified Special Purpose Distribution. If the entire ▇R▇▇▇ ▇▇▇ account balance is distributed before any other ▇R▇▇▇ ▇▇▇ contributions are made, the five (5) year holding period does not start over when future contributions are made. However, in the following situations, the five (5) year holding period will not be considered to have begun if:
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