Common use of In-Service Distribution Clause in Contracts

In-Service Distribution. For a Participant to convert his/her eligible contributions to Xxxx Deferrals through an In-Plan Xxxx Conversion, the Participant need not be eligible to take a distribution from the Plan. To override this default provision to require a distributable event, complete this subsection (2). 🞎 If this subsection (2) is checked, a Participant must be eligible for a distribution of any amounts converted to Xxxx Deferrals through an In-Plan Xxxx Conversion. Thus, only amounts that are eligible for distribution under AA §9 or AA §10 are eligible for In-Plan Xxxx Conversion.

In-Service Distribution. For a Participant to convert his/her eligible contributions to Xxxx Deferrals through an In-Plan Xxxx Conversion, the Participant need not be eligible to take a distribution from the Plan. To override this default provision to require a distributable event, complete this subsection (2). 🞎 If this subsection (2) is checked, a Participant must be eligible for a distribution of any amounts converted to Xxxx Deferrals through an In-Plan Xxxx Conversion. Thus, only amounts that are eligible for distribution under AA §9 or AA §10 are eligible for In-Plan Xxxx Conversion.

In-Service Distribution. For a Participant to convert his/her eligible contributions to Xxxx Deferrals through an In-Plan Xxxx Conversion, the Participant need not be eligible to take a distribution from the Plan. To override this default provision to require a distributable event, complete this subsection (2). 🞎🗹 If this subsection (2) is checked, a Participant must be eligible for a distribution of any amounts converted to Xxxx Deferrals through an In-Plan Xxxx Conversion. Thus, only amounts that are eligible for distribution under AA §9 or AA §10 are eligible for In-Plan Xxxx Conversion.