Common use of Nontransferable Annuity Clause in Contracts

Nontransferable Annuity. If the Participant receives distribution in the form of a Nontransferable Annuity, the distribution satisfies this Section 6.02(C) if the contract complies with the requirements of Code §401(a)(9).

Appears in 3 contracts

Sources: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Defined Contribution Prototype Plan (Trimeris Inc), Defined Contribution Prototype Plan (MSC Software Corp)

Nontransferable Annuity. If the Participant receives distribution in the form of a Nontransferable Annuity, the distribution satisfies this Section 6.02(C) if the contract complies with the requirements of Code §401(a)(9ss.401(a)(9).

Appears in 2 contracts

Sources: Adoption Agreement (CRH Public LTD Co), Adoption Agreement (Bank of Granite Corp)

Nontransferable Annuity. If the Participant receives distribution in the form of a Nontransferable AnnuityAnnuity Contract, the distribution satisfies this Section 6.02(C6.02 (A) if the contract complies with the requirements of Code §401(a)(9)(S)401(a)(9) and the applicable Treasury regulations.

Appears in 1 contract

Sources: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)