Common use of Distributee Clause in Contracts

Distributee. For purposes of distributing an Eligible Rollover Distribution, a Distributee includes an Employee or former Employee. In addition, the Employee’s or former Employee’s Surviving Spouse and the Employee’s or former Employee’s Spouse or former Spouse who is the alternate payee under a qualified domestic relations order, as defined in Code Section 414(p), are Distributees with regard to the interest of the Spouse or former Spouse.

Distributee. For purposes of distributing an Eligible Rollover Distribution, a Distributee A distributee includes an Employee employee or former Employeeemployee. In addition, the Employee’s employee's or former Employee’s Surviving Spouse employee's surviving spouse and the Employee’s employee's or former Employee’s Spouse employee's spouse or former Spouse spouse who is the alternate payee under a qualified domestic relations order, as defined in Code Section 414(p)) of the Internal Revenue Code, are Distributees distributees with regard to the interest of the Spouse spouse or former Spousespouse. Direct rollover. A direct rollover is a payment by this Plan to the eligible retirement plan specified by the distributee.