AND CONVERSION Sample Clauses

AND CONVERSION. 6.1 Initial Implementation and Conversion. Empower will, together with the Plan Sponsor and their designees, coordinate the transfer of records and assets from the Plan’s prior service provider(s) to provide an accurate database f or conversion of Plan administration to Empower, beginning at a time mutually agreed to by the parties. Empower requires a f ull test f ile in good order f rom the prior service provider at least 60 days in advance of the conversion date and Plan Sponsor agrees to provide the data elements required by Empower. Plan conversion will be conducted during a period commencing on TOA and extending for a period to be agreed upon with the Plan Sponsor (the “Transition Period”). During the Transition Period, Empower will not accept contributions, and will not process investment transfers or exchanges, distributions, loans or other Participant transactions unless specifically agreed upon with the Plan Sponsor. The prior service provider(s) will process Participant contributions received prior to TOA and will issue f inal quarterly Participant statements accordingly.
AutoNDA by SimpleDocs
AND CONVERSION. This section summarizes the deliverables, roles, and responsibilities of both Amdocs and Sprint with regard to implementation of the CTA Functionality and the In-Flight Projects and conversion and migration of the legacy Sprint customers to the Customized Product.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!