Traditional IRA Sample Clauses

Traditional IRA. Death Distribution (If not already in a Beneficiary IRA; Must provide a certified copy of the account holder’s Death Certificate)  SEP IRA  Beneficiary IRA (Must complete Designated Beneficiary Election Form) Step 5: PAYMENT METHOD  Mail check to the address currently on file. (Must complete Designated Beneficiary Election Form) Electronically transfer funds by ACH:  Current Banking Instructions on file  New bank instructions. (Complete below section) New Bank Instructions  Checking (Voided Check Required)  Savings (Letter on Bank Letterhead Required) Bank Name Routing ABA Number (9-digits) Bank Account Number Bank Account Registration (Include all registration names) • Only one bank account may be on file. • Signature of bank account owner must be same as XXX xxxxxx. • Temporary and Starter checks are not acceptable. • If voided check is not available, a letter on bank letterhead signed by a branch manager outlining all above information.
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Traditional IRA. Under the 2011 Code, income taxes will be paid with respect to the contributions made by the Customer to the IRA. Pursuant to a ruling issued to the Trust by the Puerto Rico Treasury Department, the interest income generated from such deposits will be tax exempt when distributed to the Customers. The 2011 Code also provides that interest earned on deposits in Puerto Rico banking institutions is eligible for an income tax exclusion, currently of up to $2,000 ($4,000 if married filing jointly). To the extent such interest in any given year exceeds the amount excludable from gross income, the amount in excess may be subject to a tax rate of ten percent (10%) if the taxpayer elects that such interest be subject to withholding at source. Therefore, interest in excess of $2,000 ($4,000 if married filing jointly) generated by IRA, may be subject to a ten percent (10%) tax at the Customer’s election. The Customer also may opt to be taxed at a tax rate of ten percent (10%), to be withheld at source, on such part of the total or partial distribution from his/her IRA that consists of income from sources within Puerto Rico, as such term is defined by the Secretary of Treasury for such purposes. If the distribution is not considered a Qualified Distribution, as explained above, then it will be subject to a 10% penalty imposed by the 2011 Code or 15% in case of having prepaid income taxes. If a Customer is currently receiving retirement benefits from the Commonwealth of Puerto Rico Employee Retirement System or its instrumentalities, the Judiciary Employee Retirement System, or the Teacher’s Retirement System and requests a total or partial distribution from its IRA, he/she may elect to be taxed at a special 10% tax rate, instead of the tax rates described above, on those amounts attributable to nonexempt interest or to appreciation in value on the account The Code provides for various categories of tax-exempt income and income subject to preferential tax rates to be considered for purposes of Alternate Minimum Tax (AMT) for individuals. At present, AMT applies to individual taxpayers with incomes subject to an AMT of $25,000 or more. The AMT top rate is 24% for incomes subject to an AMT in excess of $250,000. These provisions may affect the taxation of taxpayers that receive IRA Distributions that include interests that would be otherwise exempt from regular income tax or subject to preferential tax rates. The Customer should consult a financial and/or legal counselor ...
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Traditional IRA. Death Distribution (If not already in a Beneficiary IRA; Must provide a certified copy of the account holder’s Death Certificate)  SEP IRA  Beneficiary IRA 
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Traditional IRA. By checking this box, I designate my Account as a Traditional IRA under Code Section 408(a). (COMPLETE 1, 2, 3, 4 OR 5 BELOW TO INDICATE THE TYPE OF TRADITIONAL IRA YOU ARE OPENING. CHECK BOX 6, IF APPLICABLE.)
Sample 1
Traditional IRA. All SEP contributions must go to traditional IRAs set up for the eligible employees. A SEP-IRA cannot be a Xxxx XXX or a SIMPLE IRA. Employer contributions to a SEP-IRA will not affect the amount an individual can contribute to a Xxxx XXX. Return to checklist
Sample 1
Traditional IRA. For a Traditional IRA, check the box for Part A of step 2 and check the other boxes in Part A to specify the type of Traditional IRA you are opening and provide the registered information. If this is an IRA to which you expect to make annual contributions each year, check Box 1 and enclose a check in the amount of your first contribution. If you are making an annual contribution between January 1 and April 15, be sure to indicate whether this is a contribution for the prior year or for the current year. If this is a transfer directly from another IRA custodian or trustee, check Box 2. You must also complete and sign the Universal IRA Transfer of Assets Form. If this is a rollover of amounts distributed to you from another IRA or an employer qualified plan or a 403(b) arrangement or an eligible 457 plan, check Box 3. Enclose a check for the rollover contribution amount. If this is a direct rollover from a qualified plan or 403(b) arrangement or eligible 457 plan, check Box 4. Complete and sign the Universal IRA Transfer of Assets Form. Note: If this is a transfer, rollover or direct rollover as described in one of the preceding three paragraphs, and if any after-tax or nondeductible contributions are included in the transfer, rollover or direct rollover, indicate the amount of the after-tax or nondeductible contributions. If this is a “recharacterization” of a Xxxx XXX you established originally by converting from a Traditional (or other) IRA, check Box
Sample 1
Traditional IRA. Adjusted gross income means the AGI determined for the year during which the rollover is made, but reduced by the taxable amount of an IRA distribution includible in income but only with respect to such amount that was rolled over to a Xxxx XXX. Taxable IRA distributions that are not rolled over to a Xxxx XXX are included in the AGI amount. Qualified rollovers between Xxxx IRAs are permitted regardless of your AGI. Taxation in Rolling Over from Traditional IRA to Xxxx XXX. The amount that would have been included in your income if you had taken a distribution is included in gross income "ratably" over a four-tax-year period beginning with the tax year in which the distribution is made. In order for the taxable amount of an IRA distribution to be included in income ratably over 4 years, such rollover must be made before 1/1/99. Any rollovers from an IRA to a Xxxx XXX after 12/31/98 will be fully includible in income the year in which rolled over. The 10% premature distribution tax shall not apply to the taxable amount of an IRA rolled to a Xxxx XXX. Income tax withholding will apply to the distribution.
Sample 1
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Related to Traditional IRA

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Standard Company Benefits Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any time.

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Customary Fringe Benefits Executive will be eligible for all customary and usual fringe benefits generally available to executives of Company subject to the terms and conditions of Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Executive.

  • Business Travel, Lodging, etc Employer shall reimburse Executive for reasonable travel, lodging, meal and other reasonable expenses incurred by him/her in connection with his/her performance of services hereunder upon submission of evidence, satisfactory to Employer, of the incurrence and purpose of each such expense and otherwise in accordance with Employer’s business travel reimbursement policy applicable to its senior executives as in effect from time to time.

  • Investment Program The Subadviser is hereby authorized and directed and hereby agrees, subject to the stated investment objective and policies of the Fund as set forth in the Trust’s current Registration Statement and subject to the supervision of the Adviser and the Board of Trustees of the Trust, to (i) develop and furnish continuously an investment program and strategy for the Fund in compliance with the Fund’s investment objective and policies as set forth in the Trust’s current Registration Statement, (ii) provide research and analysis relative to the investment program and investments of the Fund, (iii) determine (subject to the overall supervision of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund shall be held in cash or cash equivalents, and (iv) make changes on behalf of the Trust in the investments of the Fund. In accordance with paragraph 2(ii)(b), the Subadviser shall arrange for the placing of all orders for the purchase and sale of securities and other investments for the Fund’s account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or transactions. The Subadviser will make its officers and employees available to meet with the Adviser’s officers and directors on due notice at reasonable times to review the investments and investment program of the Fund in light of current and prospective economic and market conditions. The Subadviser is authorized on behalf of the Fund to enter into agreements and execute any documents required to make investments pursuant to the Prospectus as may be amended from time to time. The Subadviser’s responsibility for providing portfolio management services hereunder shall be limited to only those assets of the Fund which the Adviser determines to allocate to the Subadviser (those assets being referred to as the “Fund Account”), and the Subadviser agrees that it shall not consult with any investment advisor(s) (within the meaning of the 0000 Xxx) to the Fund or any other registered investment company or portfolio series thereof under common control with the Fund concerning transactions for the Fund Account in securities or other assets such that the exemptions under Rule 10f-3, Rule 12d-3 and/or Rule 17a-10 under the 1940 Act would not be available with respect to the Fund. The Subadviser shall exercise voting authority with respect to proxies that the Fund is entitled to vote by virtue of the ownership of assets attributable to that portion of the Fund for which the Subadviser has investment management responsibility; provided that the exercise of such authority shall be subject to periodic review by the Adviser and the Trustees of the Trust; provided, further that such authority may be revoked in whole or in part by the Adviser if required by applicable law. The Subadviser shall exercise its proxy voting authority hereunder in accordance with such proxy voting policies and procedures as the Trust may designate from time to time. The Subadviser shall provide such information relating to its exercise of proxy voting authority hereunder (including the manner in which it has voted proxies and its resolution of conflicts of interest) as reasonably requested by the Adviser from time to time. In the performance of its duties hereunder, the Subadviser is and shall be an independent contractor and except as expressly provided for herein or otherwise expressly provided or authorized shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed to be an agent of the Fund, the Trust or of the Adviser. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of a Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Trust or the Fund.

  • Health Plans The health plans offered and benefits provided by those plans shall be those approved by the City's JLMBC and administered by the Personnel Department in accordance with LAAC Section 4.

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