Common use of LIABILITY FOR WITHHOLDING Clause in Contracts

LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The Trustee (or Custodian) or other payor may act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if the Plan Administrator furnishes all the information to the Trustee (or Custodian) or other payor it may need to do withholding and reporting.

Appears in 5 contracts

Samples: Exhibit 99 (Peabody Energy Corp), Qualified Retirement Plan and Trust Defined (Alaska Pacific Bancshares Inc), Basic Plan (Tri Continental Corp)

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LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The Trustee (or Custodian) or other payor pavor may act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if the , Plan Administrator furnishes all the information to the Trustee (or Custodian) or other payor it may need to do withholding and reporting.

Appears in 1 contract

Samples: Bradford Funds Inc

LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The Trustee (or Custodian) or other payor may act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if the Plan Administrator furnishes all the information to the Trustee (or Custodian) or other payor it may need to do withholding and reporting.

Appears in 1 contract

Samples: Janus Investment Fund

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LIABILITY FOR WITHHOLDING. ON DISTRIBUTIONS The Plan Administrator shall be responsible for withholding federal income taxes from distributions from the Plan, unless the Participant (or Beneficiary, where applicable) elects not to have such taxes withheld. The However, the Trustee (or Custodian) or other payor may shall act as agent for the Plan Administrator to withhold such taxes and to make the appropriate distribution reports, if subject to the Plan Administrator furnishes Administrator's obligation to furnish all the necessary information to so withhold to the Trustee (or Custodian) or other payor it may need to do withholding and reporting).

Appears in 1 contract

Samples: Bradford Funds Inc

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