Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions Clause Samples

Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If you convert to a ▇▇▇▇ ▇▇▇, the amount of the conversion from your Traditional IRA to your ▇▇▇▇ ▇▇▇ will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional IRA to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10 percent penalty tax. If you are required to take a required minimum distribution for the year, you must remove your required minimum distribution before converting your Traditional IRA.
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If you convert to a ▇▇▇▇ ▇▇▇, the amount of the conversion from your Traditional IRA to your ▇▇▇▇ ▇▇▇ will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional IRA to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10 percent penalty tax. If you are age 70½ or older you must remove your required minimum distribution before converting your Traditional IRA.
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If you convert to a ▇▇▇▇ ▇▇▇, the amount of the conversion from your Traditional IRA to your ▇▇▇▇ ▇▇▇ will be treated as a distribution for income tax purposes and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional IRA to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10 percent penalty tax. If you are required to take a RMD for the year, you must remove your RMDs for all your IRAs converting your Traditional IRA.
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If you convert to a ▇▇▇▇ ▇▇▇, the amount of the conversion from your Traditional IRA to your ▇▇▇▇ ▇▇▇ will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional IRA to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10 percent penalty tax. If you are age 70½ or older, you must remove your required minimum distribu- tion before converting your Traditional IRA.
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If your modified adjusted gross income is not more than $100,000 and you are not married filing a separate income tax return, you are eligible to convert all or any portion of your existing Traditional IRA(s) into your ▇▇▇▇ ▇▇▇(s). Beginning in 2010, the $100,000 MAGI limit and the married filing separate tax filing restriction will be eliminated for conversion eligibility. If you are age 701⁄2 or older you must remove your required minimum distribution prior to converting your Traditional IRA. The amount of the conversion from your Traditional IRA to your ▇▇▇▇ ▇▇▇ shall be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount is generally included in income, the 10 percent early distribution penalty shall not apply to conversions from a Traditional IRA to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10 percent penalty.
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. In the past to be able to convert from a Traditional to a ▇▇▇▇ ▇▇▇ your income needed to be under $100,000. The IRS rules have changed and there is no longer an income cap in place. As a result, you are eligible to convert all or any portion of your existing IRA(s) into your ▇▇▇▇ ▇▇▇(s). However, if you are age 70½ or older, you must remove your required minimum distribution prior to converting your IRA. The amount of the conversion from your IRA to your ▇▇▇▇ ▇▇▇ shall be treated as a distribution for income tax purposes and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount is generally included in income, the 10% early distribution penalty shall not apply to conversions from a Traditional to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10% penalty. A ▇▇▇▇ ▇▇▇ is a trust or custodial account set up in the United States for the exclusive benefit of you or your beneficiaries. The account is created by a written governing instrument that meets the following requirements:
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If you convert a Traditional IRA to a ▇▇▇▇ ▇▇▇, the amount of the conversion shall be treated as a distribution for income tax purposes and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount is generally included in income, the 10 percent early distribution penalty shall not apply to conversions from a Traditional IRA to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10 percent penalty. If you are age 70½ or older, you must remove your required minimum distribution prior to converting your Traditional IRA.
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If you convert to a ▇▇▇▇ ▇▇▇, the amount of the conversion from your Traditional IRA to your ▇▇▇▇ ▇▇▇ will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeductible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution
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Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions. If you convert to a ▇▇▇▇ ▇▇▇, the amount of the conversion from your Traditional IRA to your ▇▇▇▇ ▇▇▇ will be treated as a distribution for income tax purposes, and is includible in your gross income (except for any nondeduct- ible contributions). Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a Traditional IRA to a ▇▇▇▇ ▇▇▇, regardless of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are required to take a required minimum distribution for the year, you must remove your required minimum distribution before converting your Traditional IRA. 3. SIMPLE IRA-to-▇▇▇▇ ▇▇▇ Conversions. You are eligible to convert all or any portion of your existing SIMPLE IRA into your ▇▇▇▇ ▇▇▇, provided two years have passed since you first participated in a SIMPLE IRA plan sponsored by your employer. The amount of the conversion from your SIMPLE IRA to your ▇▇▇▇ ▇▇▇ will be treated as a distribution for income tax purposes and is includible in your gross income. Although the conversion amount generally is included in income, the 10 percent early distribution penalty tax will not apply to conversions from a SIMPLE IRA to a ▇▇▇▇ ▇▇▇, regard- less of whether you qualify for any exceptions to the 10 percent early distribution penalty tax. If you are required to take a required minimum distribution for the year, you must remove your required minimum distribution before converting your SIMPLE IRA.
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Related to Traditional IRA-to-▇▇▇▇ ▇▇▇ Conversions

  • CLEC to CLEC Conversions for Unbundled Loops 2.1.10.1 The CLEC to CLEC conversion process for unbundled Loops may be used by Lightyear when converting an existing unbundled Loop from another CLEC for the same end user. The Loop type being converted must be included in Lightyear’s Interconnection Agreement before requesting a conversion. 2.1.10.2 To utilize the CLEC to CLEC conversion process, the Loop being converted must be the same Loop type with no requested changes to the Loop, must serve the same end user location from the same serving wire center, and must not require an outside dispatch to provision. 2.1.10.3 The Loops converted to Lightyear pursuant to the CLEC to CLEC conversion process shall be provisioned in the same manner and with the same functionality and options as described in this Attachment for the specific Loop type. Order Coordination (OC) Order Coordination – Time Specific (OC-TS) Test Points DLR Charge for Dispatch and Testing if No Trouble Found SL-1 (Non- Designed) Chargeable Option Chargeable Option Not available Chargeable Option – ordered as Engineering Information Document Charged for Dispatch inside and outside Central Office UCL-ND (Non- Designed) Chargeable Option Not Available Not Available Chargeable Option – ordered as Engineering Information Document Charged for Dispatch inside and outside Central Office Unbundled Voice Loops - SL-2 (including 2- and 4-wire UVL) (Designed) Included Chargeable Option Included Included Charged for Dispatch outside Central Office Unbundled Digital Loop (Designed) Included Chargeable Option (except on Universal Digital Channel) Included (where appropriate) Included Charged for Dispatch outside Central Office Unbundled Copper Loop (Designed) Chargeable in accordance with Section 2 Not available Included Included Charged for Dispatch outside Central Office For UVL-SL1 and UCLs, Lightyear must order and will be billed for both OC and OC-TS if requesting OC-TS.

  • Mechanics of Conversion (a) Provided the Purchaser has notified the Company of the Purchaser's intention to sell the Note Shares and the Note Shares are included in an effective registration statement or are otherwise exempt from registration when sold: (i) upon the conversion of the Note or part thereof, the Company shall, at its own cost and expense, take all necessary action (including the issuance of an opinion of counsel reasonably acceptable to the Purchaser following a request by the Purchaser) to assure that the Company's transfer agent shall issue shares of the Company's Common Stock in the name of the Purchaser (or its nominee) or such other persons as designated by the Purchaser in accordance with Section 9.1(b) hereof and in such denominations to be specified representing the number of Note Shares issuable upon such conversion; and (ii) the Company warrants that no instructions other than these instructions have been or will be given to the transfer agent of the Company's Common Stock and that after the Effectiveness Date (as defined in the Registration Rights Agreement) the Note Shares issued will be freely transferable subject to the prospectus delivery requirements of the Securities Act and the provisions of this Agreement, and will not contain a legend restricting the resale or transferability of the Note Shares. (b) Purchaser will give notice of its decision to exercise its right to convert the Note or part thereof by telecopying or otherwise delivering an executed and completed notice of the number of shares to be converted to the Company (the "Notice of Conversion"). The Purchaser will not be required to surrender the Note until the Purchaser receives a credit to the account of the Purchaser's prime broker through the DWAC system (as defined below), representing the Note Shares or until the Note has been fully satisfied. Each date on which a Notice of Conversion is telecopied or delivered to the Company in accordance with the provisions hereof shall be deemed a "Conversion Date." Pursuant to the terms of the Notice of Conversion, the Company will issue instructions to the transfer agent accompanied by an opinion of counsel within one (1) business day of the date of the delivery to the Company of the Notice of Conversion and shall cause the transfer agent to transmit the certificates representing the Conversion Shares to the Holder by crediting the account of the Purchaser's prime broker with the Depository Trust Company ("DTC") through its Deposit Withdrawal Agent Commission ("DWAC") system within three (3) business days after receipt by the Company of the Notice of Conversion (the "Delivery Date"). (c) The Company understands that a delay in the delivery of the Note Shares in the form required pursuant to Section 9 hereof beyond the Delivery Date could result in economic loss to the Purchaser. In the event that the Company fails to direct its transfer agent to deliver the Note Shares to the Purchaser via the DWAC system within the time frame set forth in Section 9.1(b) above and the Note Shares are not delivered to the Purchaser by the Delivery Date, as compensation to the Purchaser for such loss, the Company agrees to pay late payments to the Purchaser for late issuance of the Note Shares in the form required pursuant to Section 9 hereof upon conversion of the Note in the amount equal to the greater of: (i) $500 per business day after the Delivery Date; or (ii) the Purchaser's actual damages from such delayed delivery. Notwithstanding the foregoing, the Company will not owe the Purchaser any late payments if the delay in the delivery of the Note Shares beyond the Delivery Date is solely out of the control of the Company and the Company is actively trying to cure the cause of the delay. The Company shall pay any payments incurred under this Section in immediately available funds upon demand and, in the case of actual damages, accompanied by reasonable documentation of the amount of such damages. Such documentation shall show the number of shares of Common Stock the Purchaser is forced to purchase (in an open market transaction) which the Purchaser anticipated receiving upon such conversion, and shall be calculated as the amount by which (A) the Purchaser's total purchase price (including customary brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (B) the aggregate principal and/or interest amount of the Note, for which such Conversion Notice was not timely honored. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum amount permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to a Purchaser and thus refunded to the Company.