Common use of Designated distribution Clause in Contracts

Designated distribution. As soon as administratively practicable in the: following the Participant’s Separation from Service. [Note: The designated distribution time must be the same for all Participants, be definitely determinable, not discriminate in favor of Highly Compensated Employees and not violate Code §401(a)(4).]

Appears in 2 contracts

Sources: 401(k) Plan Adoption Agreement (Americas Carmart Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc)

Designated distribution. As soon as administratively practicable in the: ___________ following the Participant’s 's Separation from Service. [Note: The designated distribution time must be the same for all Participants, be definitely determinable, not discriminate in favor of Highly Compensated Employees and not violate Code §401(a)(4ss.401(a)(4).]

Appears in 1 contract

Sources: Adoption Agreement (Bank of Granite Corp)

Designated distribution. As soon as administratively practicable in the: __ following the Participant’s 's Separation from Service. [Note: The designated distribution time must be the same for all Participants, be definitely determinable, not discriminate in favor of Highly Compensated Employees and not violate Code §401(a)(4Codess.401(a)(4).]

Appears in 1 contract

Sources: Adoption Agreement (Gold Banc Corp Inc)

Designated distribution. As soon as administratively practicable in the: following the Participant’s 's Separation from Service. [Note: The designated distribution time must be the same for all Participants, be definitely determinable, not discriminate in favor of Highly Compensated Employees and not violate Code §401(a)(4ss.401(a)(4).]

Appears in 1 contract

Sources: Adoption Agreement (Candies Inc)