Transfer Contributions. [ ] (xi) All of above which are checked, but only to the extent that the Participant is vested in those contributions.
Transfer Contributions. Will Employees be permitted to make transfer contributions to the Plan pursuant to Section 3.04 of the Plan? [X] Yes [ ] No [ ] Yes, but only after becoming a Participant.
Transfer Contributions. The following amounts may be transferred to and paid as a contribution under the contract for a Participant:
Transfer Contributions. (a) The Participant may transfer cash from another custodial account qualified under Section 403(b)(7) of the Code and/or from an annuity contract qualified under Section403(b) of the Code to the Custodial Account if the Participant certifies that the transaction meets the requirement for a tax-free transfer under IRS Revenue Ruling 90-24 and other applicable laws or rulings of the Internal Revenue Service, or is a rollover contribution described in Sections 403(b)(8) or 408(d)(3)(A)(iii) of the Code. Once transferred, such assets shall be treated as a contribution on behalf of such Participant for purposes of this Custodial Agreement and shall be invested, distributed and otherwise dealt with as such. Such transferred fund shall be accounted for separately and continue to be subject to any distribution rules under the prior 403(b)(l) or (7) plan, which were more stringent than the rules contained in this Custodial Account.
Transfer Contributions. If so indicated in the Adoption Agreement, the Trustee (or Custodian, if applicable) may receive any amounts transferred to it from the trustee or custodian of another plan qualified under Code Section 401(a). If it is later determined that all or part of a transfer contribution was ineligible to be transferred into the Plan, the Plan Administrator shall direct that any ineligible amounts, plus earnings attributable thereto, be distributed from the Plan to the Employee as soon as administratively feasible. A separate account shall be maintained by the Plan Administrator for each Employee's transfer contributions which will be nonforfeitable at all times. Such account will share in the income and gains and losses of the Fund in the manner described in Section 4.03 and shall be subject to the Plan's provisions governing distributions. The Employer may, in a uniform and nondiscriminatory manner, only allow Employees who have become Participants in the Plan to make rollover contributions.
Transfer Contributions. If so indicated in the Adoption Agreement, The Trustee (or Custodian, if applicable) may receive any amounts transferred to it from the trustee or custodian of another plan qualified under Code Section 401(a). If it is later determined that all or part of a transfer contribution was ineligible to be transferred into the Plan, the Plan Administrator shall direct that any ineligible amounts, plus earnings attributable thereto, be distributed from the Plan to the Employee as soon as administratively feasible. A separate account shall be maintained by the Plan Administrator for each Employee's transfer contributions which will be nonforfeitable at all times. Such account will share in the income and gains and losses of the Fund in the manner described in Section 4.03 and shall be subject to the Plan's provisions governing distributions. Notwithstanding any provisions of this Plan to the contrary, to the extent that any optional form of benefit under this Plan permits a distribution prior to the Employee's retirement, death, Disability, or severance from employment, and prior to Plan termination, the optional form of benefit is not available with respect to benefits attributable to assets (including the post-transfer earnings thereon) and liabilities that are transferred, within the meaning of Section 414(I) of the Internal Revenue Code, to this Plan from a money purchase pension plan qualified under Section 401 (a) of the Internal Revenue Code (other than any portion of those assets and liabilities attributable to voluntary employee contributions). The Employer may, in a uniform and nondiscriminatory manner, only allow Employees who have become Participants in the Plan to make transfer contributions.
Transfer Contributions. The Trustee, at the written direction of the Plan Administrator, may accept and hold for the Transfer Account of a Participant amounts representing the Participant's vested interest transferred to the Trust by the trustee of another retirement plan qualified under Section 401(a) of the Code. The assets transferred shall be allocated to the Associate's Transfer Account. The Associate does not have to be a Participant in the Plan before the Trustee can allow assets to be transferred to the Plan. This Plan shall not accept any direct or indirect transfers (as that term is defined under Code Section 401(a)(11) and the regulations thereunder) from a defined benefit plan, money purchase plan (including a target benefit plan), stock bonus or profit sharing plan which would otherwise have provided for a life annuity form of payment to the Participant.
Transfer Contributions. Definition
Transfer Contributions. Unless otherwise indicated in the Adoption Agreement, the Trustee (or Custodian, if applicable) may receive any amounts transferred to it in the name of an Employee from the trustee or custodian of another plan qualified under Code Section 401(a), unless an Employee is either employed by a related employer that does not participate in this Plan or a member of any excluded class in Adoption Agreement Section Two and Plan Section 2.01. Whether any particular transfer may be accepted by the Plan, and the procedures for the receipt of such transfers by the Plan, will be determined by the requirements of Treasury Regulation 1.411(d)-4, Q&A-3 and other rules promulgated by the IRS. Nothing in this Plan prohibits the Plan Administrator from permitting (or prohibiting) Participants to transfer their Individual Accounts to other eligible plans, provided such transfers are permitted (or prohibited) in a uniform and nondiscriminatory manner. If it is later determined that all or part of a transfer contribution was ineligible to be transferred into the Plan, the Plan Administrator shall direct that any ineligible amounts, plus earnings or losses attributable thereto (determined in the manner described in Plan Section 7.02(B)), be distributed from the Plan to the Employee as soon as administratively feasible. Notwithstanding the foregoing, the Employer may, at its discretion, also return the amount transferred to the transferor plan or correct the ineligible transfer using any other method permitted by the IRS under regulation or other guidance. A separate account shall be maintained by the Plan Administrator for each Employee’s transfer contributions, which will, if applicable, be nonforfeitable at all times. Such account will share in the income and gains and losses of the Fund in the manner described in Plan Section 7.02(B). Where the Adoption Agreement does not permit Employer designation with respect to transfer contributions, the Employer may, in a uniform and nondiscriminatory manner, allow only Employees who have become Participants in the Plan to make transfer contributions. Notwithstanding the foregoing, an Employee’s separate account established solely on account of an event described in Code Section 414(l) shall continue to be subject to the Plan’s vesting schedule except as otherwise provided therein. If transfers are associated with distributable events and the Employees are eligible to receive single sum distributions consisting entirely of Eligible Roll...
Transfer Contributions. Subject to the approval of the Plan Administrator, amounts may be transferred to the Plan on behalf of a Participant (or the Participant’s Beneficiary, if the Participant is deceased, with respect to amounts attributable to the Participant) directly from a Code Section 403(b)(1) annuity contract, a Code Section 403(b)(7) custodial account or a Code Section 403(b)(9) retirement income account; provided, however, that only vested amounts may be transferred to this Plan. The amount so transferred, other than automatic transfers described in Section 7.09(a), shall be credited to the Participant’s Transfer Contributions Account. Automatic Transfers made pursuant to Section 7.09(a) will be allocated to the same contributions accounts from which they were transferred. The balance in the Participant’s Transfer Contributions Account shall be fully vested at all times and shall not be subject to forfeiture for any reason. To effectuate a Transfer Contribution, the Participant shall complete such forms as the Plan Administrator deems necessary to ensure that the applicable conditions of the Code or any other regulatory requirements are satisfied. Such transfer must be made in accordance with rules and procedures established by the Trustee or Plan Administrator. The Plan Administrator may require such documentation from the other plan as it deems necessary to effectuate the transfer in accordance with Treasury Regulation section 1.403(b)-10(b)(3) and to confirm that the other plan is a plan that satisfies Section 403(b) of the Code.
