Accounts for QDRO Beneficiaries. A separate Account shall be established for an alternate payee entitled to any portion of a Participant's Account under a QDRO as of the date and in accordance with the directions specified in the QDRO. In addition, a separate Account may be established during the period of time the Administrator, a court of competent jurisdiction or other appropriate person is determining whether a domestic relations order qualifies as a QDRO. Such a separate Account shall be valued and accounted for in the same manner as any other Account.
Appears in 7 contracts
Samples: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/), Employee Stock Savings Plan (La Gear Inc), Savings Plan and Trust Agreement (Nipsco Industries Inc)
Accounts for QDRO Beneficiaries. A separate Account shall be established for an alternate payee Alternate Payee entitled to any portion of a Participant's ’s Account under a QDRO as of the date and in accordance with the directions specified in the QDRO. In addition, a separate Account may be established during the period of time the AdministratorAdministrative Committee, a court of competent jurisdiction or other appropriate person is determining whether a domestic relations order qualifies as a QDRO. Such a separate Account shall be valued and accounted for in the same manner as any other Account.
Appears in 1 contract
Samples: 401(k) Plan and Trust Agreement (Leggett & Platt Inc)
