INCOME DISTRIBUTION OPTIONS Sample Clauses

INCOME DISTRIBUTION OPTIONS. I wish to participate in the Distribution Reinvestment Program (DRP).* Must indicate this on the product Subscription Agreement or send in a applicable product sponsor form for the appropriate product. Distribute my income distributions to pay cash to the Undirected Cash account within my IRA.** (Not a taxable event.) Distribute my income distributions as a taxable distribution. (Must include a completed FTR Income Distribution Request Form.)** Pay my income distributions to another IRA custodian as a trustee-to-trustee transfer. (Must include a completed FTR Income Distributions Request Form and the accepting custodian’s acceptance verbiage or sign off. A Medallion Signature Guarantee is required if a letter of acceptance is not included. *To participate in the Distribution Reinvestment Plan (DRP), it must be indicated on the applicable product Subscription Agreement. If the Income Distribution option is left blank on the Subscription Document, the distributions will default to cash to the undirected cash account within your IRA. **If income distributions are set to cash and we do not receive a completed FTR Income Distribution Request Form, your income distributions will default to pay cash to the undirected cash account within your IRA.
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INCOME DISTRIBUTION OPTIONS. Distribute my income distributions to pay cash to the Undirected Cash account within my IRA. ** (Not a taxable event.) Distribute my income distributions as a taxable distribution. * (Must include a completed FTR Income Distribution Request Form.) Pay my income distributions to another IRA custodian as a trustee-to-trustee transfer. (Must include a completed FTR Income Distributions Request Form and the accepting custodian’s acceptance verbiage or sign off. A Medallion Signature Guarantee is required if a letter of acceptance is not included.) *If income distributions are set to cash and we do not receive a completed FTR Income Distribution Request Form, your income distributions will default to pay cash to the undirected cash account within your IRA.
Sample 1
INCOME DISTRIBUTION OPTIONS. If you wish to participate in the Distribution Reinvestment Program (DRP), please indicate this on the Product Subscription Agreement or send in a DRP enrollment form for the appropriate product. • If you want to have your income distributions distributed from your IRA as a taxable distribution, please send in a completed Withdrawal/Distribution Request IRA Distribution Form. • To have your income distributions paid to another IRA custodian as a trustee-to-trustee transfer, please contact the accepting institution and complete their transfer paperwork. A Medallion Signature Guarantee stamp may be required on their transfer form. • If we do not receive completed income distribution instructions, your income distributions will default to pay cash to the NOW account within your IRA.
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Related to INCOME DISTRIBUTION OPTIONS

  • Nonqualified Distributions If you do not meet the requirements for a qualified distribution, any earnings you withdraw from your Xxxx XXX will be included in your gross income and, if you are under age 59½, may be subject to an early distribution penalty tax. However, when you take a distribution, the amounts you contributed annually to any Xxxx XXX and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Xxxx XXX, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Xxxx XXX on a first-in, first-out basis. Therefore, your nonqualified distributions will not be taxable to you until your withdrawals exceed the amount of your annual contributions, military death gratuity or SGLI payments and your conversions and employer-sponsored retirement plan rollovers.

  • Payment Options The exercise price shall be paid by one or any combination of the following forms of payment that are applicable to this option, as indicated on the cover page hereof:

  • Qualified Distributions Qualified distributions from your Xxxx XXX (both the contributions and earnings) are not included in your income. A qualified distribution is a distribution which is made after the expiration of the five-year period beginning January 1 of the first year for which you made a contribution to any Xxxx XXX (including a conversion from a Traditional IRA), and is made on account of one of the following events. • Attainment of age 59½ • Disability • First-time homebuyer purchase • Death For example, if you made a contribution to your Xxxx XXX for 2007, the five-year period for determining whether a distribution is a qualified distribution is satisfied as of January 1, 2012.

  • Retirement Options The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:

  • Distribution Rights Licensee may distribute Distributable Components (including when modified per Section 3(a)(3)B (Modification Rights) above), provided that either (a) such Distributable Components have been converted into a machine executable form, such as in the case of a Core or Design Element, a Bitstream, and in the case of a Driver, in compiled object code form; or (b) the recipient thereof has a valid license from Xilinx to use the same Software. In all cases Distributable Components shall be distributed only for use to program a Xilinx Device.

  • Benefit Options Employees must elect a plan administrator and primary care clinic. Those elections will determine the Benefit Level through Advantage. Enrolled dependents must elect a primary care clinic that is available through the plan administrator chosen by the employee.

  • How Are Distributions From a Traditional IRA Taxed for Federal Income Tax Purposes Amounts distributed to you are generally includable in your gross income in the taxable year you receive them and are taxable as ordinary income. To the extent, however, that any part of a distribution constitutes a return of your nondeductible contributions, it will not be included in your income. The amount of any distribution excludable from income is the portion that bears the same ratio as your aggregate non-deductible contributions bear to the balance of your Traditional IRA at the end of the year (calculated after adding back distributions during the year). For this purpose, all of your Traditional IRAs are treated as a single Traditional IRA. Furthermore, all distributions from a Traditional IRA during a taxable year are to be treated as one distribution. The aggregate amount of distributions excludable from income for all years cannot exceed the aggregate non-deductible contributions for all calendar years. You must elect the withholding treatment of your distribution, as described in paragraph 22 below. No distribution to you or anyone else from a Traditional IRA can qualify for capital gains treatment under the federal income tax laws. Similarly, you are not entitled to the special five- or ten-year averaging rule for lump-sum distributions that may be available to persons receiving distributions from certain other types of retirement plans. Historically, so-called “excess distributions” to you as well as “excess accumulations” remaining in your account as of your date of death were subject to additional taxes. These additional taxes no longer apply. Any distribution that is properly rolled over will not be includable in your gross income.

  • IN-KIND DISTRIBUTIONS Subject to Section 00-00-000 of the Act, the Company may make in-kind distributions of the Company assets, provided the Members unanimously agree and such agreement is in writing. The fair market value of the property must be determined and agreed upon by the Members before the distribution is made. The receiving Member’s capital account shall be adjusted to reflect the value of the in-kind distribution.

  • Investment Options You may direct the investment of your funds within this IRA into any investment instrument offered by or through the Custodian. The Custodian will not exercise any investment discretion regarding your IRA, as this is solely your responsibility. FEES There are certain fees and charges connected with your IRA investments. These fees and charges may include the following. • Sales Commissions • Set Up Fees • Investment Management Fees • Annual Maintenance Fees • Distribution Fees • Surrender or Termination Fees To find out what fees apply, refer to the investment prospectus or contract. There may be certain fees and charges connected with the IRA itself. (Select and complete as applicable.) Annual Custodial Service Fee* $ No Charge Overnight Distribution $ 16.50 Wire Fee $ 12.50 Transfer Out Fee $ The greater of $100.00 or $25.00 per position Other (Explain) We reserve the right to change any of the above fees after notice to you, as provided in your IRA agreement. *The annual custodial fee will be borne by your Investment Advisor.

  • Overtime Distribution The Employer and the Union will discuss Departmental or agency specific overtime distribution policies at the Departmental or agency level. The Employer agrees to follow its existing overtime distribution policies until changed as a result of Employer/Union negotiation.

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