Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributees election under this Section, a Distributee may elect, at the time and in the manner prescribed by the Company, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover.
Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributees election under this Section, a DistributeeA distributee may elect, at the time and in the manner prescribed by the Company,plan administrator, to have any portion of an Eligible Rollover Distributioneligible rollover distribution paid directly to an Eligible Retirement Planeligible retirement plan specified by the Distributeedistributee in a Direct Rollover.direct rollover.
Notwithstanding any provision of the PlanRight to the contrary that would otherwise limit a Distributees election under this Section, a DistributeeTransfer Eligible Rollover Distribution: A "Distributee" may elect, at the time and in the manner prescribed by the Company,Committee, to have any portion of an Eligible"Eligible Rollover DistributionDistribution" paid directly to an Eligible"Eligible Retirement PlanPlan" specified by the Distributee in a Direct"Direct Rollover." The Committee may impose any restrictions that are permitted under applicable authorities on the right to transfer an Eligible Rollover Distribution.
Notwithstanding any provisionDirect Rollover of the Plan to the contrary that would otherwise limit a Distributees election under this Section, a DistributeeEligible Distribution. A Participant or distributee may elect, at the time and in the manner prescribed by the Company,Trustee or the Committee, to have any portion of an Eligible Rollover Distributioneligible rollover distribution paid directly to an Eligible Retirement Planeligible retirement plan specified by the DistributeeParticipant or distributee in a Direct Rollover.direct rollover. However, a distributee who is a designated beneficiary of the Participant but who is not the surviving Spouse of the Participant may only elect to have any portion of the eligible rollover distribution paid directly to an eligible retirement plan that is an individual retirement account described in Section 408(a) of the Code or an individual retirement annuity described in Section 408(b) of the Code (other than an endowment contract) in accordance with [Section 402(c)(11)].
Notwithstanding any9.4Direct Rollovers. Any Plan provision of the Plan to the contrary that would otherwise limitnotwithstanding, a Distributees election under this Section, a Distributeedistributee may elect, at the time and in the manner and pursuant to such procedures as may be prescribed or permitted by the Company,Committee, to have all or any portion of an Eligible Rollover Distributioneligible rollover distribution paid directly to an Eligible Retirement Planthe eligible retirement plan specified by the Distributeedistributee in the form of a Direct Rollover.direct rollover, all as provided in Code Sections 401(a)(31) and 402.
Right to direct rollover. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributees"distributee's" election under this Section, a Distributee"distributee" may elect, at the time and in the manner prescribed by the Company,Administrator, to have any portion of an Eligible Rollover Distribution"eligible rollover distribution" paid directly to an Eligible Retirement Plan"eligible retirement plan" specified by the Distributee"distributee" in a Direct Rollover."direct rollover." However, if less than the entire amount of the "eligible rollover distribution" is being paid directly to an "eligible retire ment plan," then the Administrator may require that the amount paid directly to such plan be at least $500. Furthermore, the Administrator may apply this Section by treating a Participant's Roth Elective Deferral Account separately from the Participant's other Account s.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.