Common use of Special Distribution Rules Clause in Contracts

Special Distribution Rules. Except as provided below, Elective Deferrals, Qualified Non-Elective Contributions and Qualified Matching Contributions, and income allocable to each, are not distributable to a Participant or a Beneficiary, in accordance with such Participant's or Beneficiary's election, earlier than upon separation from service, death, or disability.

Appears in 3 contracts

Sources: Defined Contribution Retirement Plan Adoption Agreement (Fiduciary Capital Growth Fund Inc), Defined Contribution Retirement Plan Adoption Agreement (Fmi Funds Inc), Prototype Defined Contribution Retirement Plan (Monetta Fund Inc)