Common use of Partial Distributions Clause in Contracts

Partial Distributions. Any distribution of less than the entire amount of Excess Aggregate Contributions (and allocable income) with respect to any HCE is treated as a pro rata distribution of Excess Aggregate Contributions and allocable income.

Partial Distributions. Any distribution of less than the entire amount of Excess Aggregate 401(k) Contributions (and allocable income) with respect to any HCE is treated as a pro rata distribution of Excess Aggregate Contributions excess contributions and allocable income.