Beneficiary election. The Designated Beneficiary may elect application of the 5-year rule or the Life Expectancy rule. If the Beneficiary does not make a timely election (Select one of (1) or (2)): (1) [ ] 5-year rule. The 5-year rule applies to the Beneficiary. (2) [ ] Life Expectancy Rule. The Life Expectancy rule applies to the Beneficiary.
Appears in 1 contract
Sources: Adoption Agreement
Beneficiary election. The Designated Beneficiary may elect application of the 5-year rule or the Life Expectancy rule. If the Beneficiary does not make a timely election (Select one of (1) or (2)):
(1) [ ] 5-year rule. The 5-year rule applies to the Beneficiary.
(2) [ ] Life Expectancy Rule. The Life Expectancy rule applies to the Beneficiary.
Appears in 1 contract
Sources: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)
Beneficiary election. The Designated Beneficiary may elect application of the 5-year rule or the Life Expectancy rule. If the Beneficiary does not make a timely election (Select one of (1) or (2)):
(1) [ ] 5-year rule. The 5-year rule applies to the Beneficiary.
(2) [ ] Life Expectancy Rule. The Life Expectancy rule applies to the Beneficiary.Beneficiary.β
Appears in 1 contract
Sources: Adoption Agreement
Beneficiary election. The Designated Beneficiary may elect application of the 5-year rule or the Life Expectancy rule. If the Beneficiary does not make a timely election (Select one of (1) or (2)):
(1) [ ] 5-year rule. The 5-year rule applies to the Beneficiary.
(2) [ ] Life Expectancy Rule. The Life Expectancy rule applies to the Beneficiary.
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Adoption Agreement