Common use of Any Eligible Employee Clause in Contracts

Any Eligible Employee. or Participant may direct the Administrator to direct the Trustee to accept a transfer to the Trust Fund from another trust established pursuant to another Qualified Plan of all or any part of the assets held in such other trust. The Plan shall not accept a direct transfer attributable to accumulated deductible employee contributions as defined by Code Section 72(o)(5)(B). The Trustee may condition acceptance of such a trust to trust transfer upon receipt of such documents as it may require.

Appears in 7 contracts

Samples: 401(k) Plan Adoption Agreement (Sterling Financial Corp /Wa/), Prototype Defined Contribution Plan Adoption Agreement (MSC Industrial Direct Co Inc), Defined Contribution Plan (Innerdyne Inc)

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Any Eligible Employee. or Participant may direct the Administrator to direct the Trustee to accept a transfer to the Trust Fund from another trust established pursuant to another Qualified Plan of all or any part of the assets held in such other trust. The Plan shall not accept a direct transfer attributable to accumulated deductible employee contributions as defined by Code Section 72(o)(5)(B). The Trustee may condition acceptance of such a trust to or trust transfer upon receipt of such documents as it may require.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Gadzooks Inc)

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