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Common use of Corrective Distributions Clause in Contracts

Corrective Distributions. On or prior to the Termination Date and subject to the terms of the Plan, corrective distributions will be made if mandated by applicable law and regulations.

Appears in 2 contracts

Sources: Investment Agreement, Investment Agreement

Related Clauses

  • Share Distributions
  • Overtime Distribution
  • User Contributions
  • Final Distributions
  • Interim Distributions

Parent Clauses

  • Multiple Use Test
  • Correction of the Multiple Use Test
  • Waiver of Participation
  • Deductible Employee Contributions
  • Special Vesting Rule - In-Service Distribution When Account Balance Less than 100% Vested

Sub-Clauses

  • Safe harbor Hardship distribution
  • Participant notice
  • Non-safe harbor Hardship distribution
  • Conditions for taking a safe harbor Hardship withdrawal
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