Common use of Permitted Clause in Contracts

Permitted. In-Service Distributions are permitted as follows from the designated Contribution Type Accounts (Choose one or more of (1) through (9).): [Note: Unless the Employer elects otherwise in Election (b)(9) below, Elective Deferrals under Election 40(b) includes Pre-Tax and ▇▇▇▇ Deferrals; Matching Contributions includes Additional Matching Contributions (irrespective of the Plan’s ACP testing status); Elections under columns (3) and

Permitted. In-Service Distributions are permitted as follows from the designated Contribution Type Accounts (Choose one or more of (1) through (9).): [Note: Unless the Employer elects otherwise in Election (b)(9) below, Elective Deferrals under Election 40(b) includes Pre-Tax and ▇▇▇▇ Deferrals; Matching Contributions includes Additional Matching Contributions (irrespective of the Plan’s ACP testing status); Elections under columns (3) andand (4) apply to Employer Contributions held in Annuity Contracts; Elections under column (5) apply only to Employer Contributions held in Custodial Accounts.] (1) (2) (3) (4) (5)