Common use of Alternate Payee Clause in Contracts

Alternate Payee. An individual who is designated as an alternate payee in a Qualified Domestic Relations Order (as defined in Code section 414(p) and ERISA section 206(d)) relating to a Participant’s benefits under this Plan shall be treated as a Beneficiary hereunder, to the extent provided by such order.

Appears in 3 contracts

Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can), Adoption Agreement (Sonic Corp), Adoption Agreement (BRPP LLC)

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Alternate Payee. An individual who is designated as an alternate payee in a Qualified Domestic Relations Order (as defined in Code section 414(p) and ERISA section 206(d)) relating to a Participant’s 's benefits under this Plan shall be treated as a Beneficiary hereunder, to the extent provided by such order.

Appears in 2 contracts

Samples: 401(k) Plan Document (Metals Usa Inc), 401(k) Plan Document (Metals Usa Inc)

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