Common use of Source of Distribution Clause in Contracts

Source of Distribution. Distribution of Excess Elective Deferrals will be taken from a Participant’s investment options (if any) based on rules established by the Administrator. In addition, for years beginning after 2005, unless a different rule is established by the Administrator, distribution of Excess Elective Deferrals will first be made from a Participant’s ▇▇▇▇ Elective Deferral Account before the Participant’s Pre-Tax Elective Deferral Account, to the extent ▇▇▇▇ Elective Deferrals were made for the year, unless the Administrator permits the Participant to specify otherwise.