Qualified Reservist Distribution. When a Participant is eligible for a qualified reservist distribution as provided under Code section 72(t)(2)(G) and applicable guidance thereunder.
Qualified Reservist Distribution. 10.1 401(k)
Qualified Reservist Distribution. A “qualified reservist distribution” may be made from a qualified plan or an IRA by an individual ordered or called into active duty for a period of more than 179 days of active duty or for an indefinite period of time after September 11, 2001. The amount distributed may be recontributed to an IRA at any time during a two-year period after the end of active duty. The distribution is not subject to the 10% early withdrawal penalty if taken prior to age 59½.
Qualified Reservist Distribution. A Qualified Reservist Distribution shall be allowed in accordance with Section 10.09 of the Basic Plan Document.
Qualified Reservist Distribution. Effective August 17, 2006, a Participant who is ordered or called to active duty after September 11, 2001 may take a Qualified Reservist Distribution if the following are satisfied:
Qualified Reservist Distribution. The term “Qualified Reservist Distribution” means a distribution of Elective Deferrals to a Qualified Reservist that is made during the period beginning on the date that the Qualified Reservist is ordered or called to duty and ending on the last day of active duty.
Qualified Reservist Distribution. For purposes of this subsection (d), a Qualified Reservist Distribution means any distribution to an individual if:
Qualified Reservist Distribution. A Participant who is a Qualified Reservist as defined herein may request a Qualified Reservist Distribution, as defined by Section 72(t)(2)(G)(iii) of the Code from the vested portion of his Section 401(k) Contribution Account, except to the extent that a loan is secured thereby. A Participant is eligible to receive a Qualified Reservist Distribution if such Participant is an individual who is ordered or called to active duty after September 11, 2001, and if (i) the distribution is from the Participant’s Section 401(k) Contribution Account; (ii) the individual was (by reason of being a member of a reserve component, as defined in Section 101 of Title 37 of the United States Code) ordered or called to active duty for a period in excess of 179 days or for an indefinite period; and (iii) the Plan makes the distribution during the period beginning on the date of such order or call, and ending at the close of the active duty period.
Qualified Reservist Distribution. Notwithstanding anything herein to the contrary, effective September 11, 2001, a Participant ordered or
Qualified Reservist Distribution. A Participant called to active duty after September 11, 2001 for a period that is either indefinite or to exceed 179 days and the Participant takes the distribution between the date of the call to active duty and the close of the active duty period. The distribution may be made only from amounts attributable to 401(k) deferrals and is exempt from the 10% income tax penalty that would otherwise apply if the Participant has not yet attained age 59 1/ 2. The PPA would further permit the Participant to repay the distribution to an XXX only (not to the plan) within two years after the end of the active duty period. This subsection (g) shall be effective to permit such distributions after the following date: (can be no earlier than September 11, 2001).
