Common use of Transitional Rules Clause in Contracts

Transitional Rules. Notwithstanding the other requirements of this Article and subject to the requirements of Article VIII, Joint and Survivor Annuity Requirements, distribution on behalf of any Employee, including a 5% owner may be made in accordance with all of the following requirements, regardless of when such distribution commences: (1) the distribution by the Plan is one which would not have disqualified such Plan under Code Section 401(a)(9) as in effect prior to amendment by the Deficit Reduction Act of 1984, (2) the distribution is in accordance with a method of distribution designated by the Participant whose interest in the Plan is being distributed or, if the Participant is deceased, by a Beneficiary of such Participant, (3) such designation was in writing, was signed by the Participant or the Beneficiary, and was made before January 1, 1984, (4) the Participant had accrued a benefit under the Plan as of December 31, 1983, and (5) the method of distribution designated by the Participant or the Beneficiary specifies the time at which distribution will commence, the period over which distributions will be made, and in the case of any distribution upon the Participant’s death, the Beneficiaries of the Participant listed in order of priority.

Transitional Rules. 1. Notwithstanding the other requirements of this Article and subject to the requirements of Article VIII, Joint and Survivor Annuity Requirements, distribution on behalf of any Employee, including a 5% owner may be made in accordance with all of the following requirements, regardless of when such distribution commences: (1) the distribution by the Plan is one which would not have disqualified such Plan under Code Section 401(a)(9) as in effect prior to amendment by the Deficit Reduction Act of 1984, (2) the distribution is in accordance with a method of distribution designated by the Participant whose interest in the Plan is being distributed or, if the Participant is deceased, by a Beneficiary of such Participant, (3) such designation was in writing, was signed by the Participant or the Beneficiary, and was made before January 1, 1984, (4) the Participant had accrued a benefit under the Plan as of December 31, 1983, and (5) the method of distribution designated by the Participant or the Beneficiary specifies the time at which distribution will commence, the period over which distributions will be made, and in the case of any distribution upon the Participant’s death, the Beneficiaries of the Participant listed in order of priority.

Transitional Rules. Notwithstanding the other requirements of this Article and subject to the requirements of Article VIII, Joint and Survivor Annuity Requirements, distribution on behalf of any Employee, including a 5% owner may be made in accordance with all of the following requirements, regardless of when such distribution commences: (1) the distribution by the Plan Trust is one which would not have disqualified such Plan Trust under Code Section 401(a)(9) as in effect prior to amendment by the Deficit Reduction Act of 1984, (2) the distribution is in accordance with a method of distribution designated by the Participant whose interest in the Plan Trust is being distributed or, if the Participant is deceased, by a Beneficiary of such Participant, (3) such designation was in writing, was signed by the Participant or the Beneficiary, and was made before January 1, 1984, (4) the Participant had accrued a benefit under the Plan as of December 31, 1983, and (5) the method of distribution designated by the Participant or the Beneficiary specifies the time at which distribution will commence, the period over which distributions will be made, and in the case of any distribution upon the Participant’s 's death, the Beneficiaries of the Participant listed in order of priority.

Transitional Rules. (a) Notwithstanding the other requirements of this Article and subject to the requirements of Article VIII, Joint and Survivor Annuity Requirements, distribution on behalf of any Employee, including a 5% owner may be made in accordance with all of the following requirements, regardless of when such distribution commences: (1) the distribution by the Plan Trust is one which would not have disqualified such Plan Trust under Code Section 401(a)(9) as in effect prior to amendment by the Deficit Reduction Act of 1984, (2) the distribution is in accordance with a method of distribution designated by the Participant whose interest in the Plan Trust is being distributed or, if the Participant is deceased, by a Beneficiary of such Participant, (3) such designation was in writing, was signed by the Participant or the Beneficiary, and was made before January 1, 1984, (4) the Participant had accrued a benefit under the Plan as of December 31, 1983, and (5) the method of distribution designated by the Participant or the Beneficiary specifies the time at which distribution will commence, the period over which distributions will be made, and in the case of any distribution upon the Participant’s 's death, the Beneficiaries of the Participant listed in order of priority.