Distributions Pursuant to Qualified Domestic Relations Orders. The Committee will instruct the Trustee to pay benefits in accordance with the terms of any order that has been determined, in accordance with Plan procedures, to be a Qualified Domestic Relations Order. A Qualified Domestic Relations Order may require the payment of an immediate cash lump sum to an alternate payee even if the Participant or former Participant is not then entitled to receive an immediate payment of Plan benefits.
Appears in 10 contracts
Samples: Quanex Corporation Employee Savings Plan (Quanex Corp), Quanex Corporation Employees (Quanex Corp), Quanex Corp
Distributions Pursuant to Qualified Domestic Relations Orders. The Committee will instruct the Trustee to pay benefits in accordance with the terms of any order that has been determined, in accordance with Plan procedures, to be a Qualified Domestic Relations Order. A Qualified Domestic Relations Order may require the payment of an immediate cash lump sum to an alternate payee even if the Participant Member or former Participant Member is not then entitled to receive an immediate payment of Plan benefits.
Appears in 4 contracts
Samples: Agreement (Mens Wearhouse Inc), Mens Wearhouse Inc, Mens Wearhouse Inc
