Common use of Source of Distribution Clause in Contracts

Source of Distribution. Distribution of Excess Aggregate Contributions will be taken from a Participant’s investment options based on rules established by the Administrator.

Appears in 1 contract

Sources: 401(k) Plan Agreement (Provident Bancorp Inc/Ny/)

Source of Distribution. Distribution of Excess Aggregate Contributions will be taken from a Participant’s investment options based on rules established by the Administrator.

Appears in 1 contract

Sources: 401(k) Plan Agreement (Provident Bancorp Inc/Ny/)