Common use of Eligible Rollover Distribution Clause in Contracts

Eligible Rollover Distribution. An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or Life Expectancy) of the Distributee or the joint lives (or Joint Life Expectancies) of the Distributee and the Distributee’s Designated Beneficiary, or for a specified period of ten (10) years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9); any Hardship distribution described in Code Section 401(k)(2)(B)(i)(IV) received after December 31, 1998, the portion of any other distribution(s) that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer securities); and any other distribution(s) that is reasonably expected to total less than $200 during a year. For purposes of this paragraph, any amount that is distributed on account of Hardship shall not be an Eligible Rollover Distribution and the Distributee may not elect to have any portion of such a distribution paid directly to an Eligible Retirement Plan.

Eligible Rollover Distribution. An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or Life Expectancy) of the Distributee or the joint lives (or Joint Life Expectancies) of the Distributee and the Distributee’s 's Designated Beneficiary, or for a specified period of ten (10) years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9); any Hardship distribution described in Code Section 401(k)(2)(B)(i)(IV) received after December 31, 1998, the portion of any other distribution(s) that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer securities); and any other distribution(s) that is reasonably expected to total less than $200 during a year. For purposes of this paragraph, any amount that is distributed on account of Hardship shall not be an Eligible Rollover Distribution and the Distributee may not elect to have any portion of such a distribution paid directly to an Eligible Retirement Plan.

Eligible Rollover Distribution. An Eligible Rollover Distribution eligible rollover distribution is any distribution of all or any portion of the balance to the credit of the Distributeedistributee, except that an Eligible Rollover Distribution eligible rollover distribution does not include: include (i) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or Life Expectancylife expectancy) of the Distributee distributee or the joint lives (or Joint Life Expectanciesjoint life expectancies) of the Distributee distributee and the Distributeedistributee’s Designated Beneficiarydesignated beneficiary, or for a specified period of ten (10) years or more; , (ii) any distribution to the extent such distribution is required under Code Section 401(a)(9); any Hardship distribution described in Code Section 401(k)(2)(B)(i)(IV, (iii) received after December 31, 1998, the portion of any other distribution(s) distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer employer securities); , (iv) any distribution which is made upon the hardship of the participant, and (v) any other distribution(s) that is reasonably expected to total less than $200 during a year. For purposes A portion of this paragrapha distribution will not fail to be an eligible rollover distribution merely because it consists of after-tax contributions. However, any amount for distributions on or after January 1, 2007, such portion may be transferred only to a qualified plan, an individual retirement account or annuity, an annuity contract described in Code Section 403(b) or, for distributions on or after January 1, 2008, a Xxxx XXX described in Code Section 408A, that agrees to separately account for the amounts so transferred (including interest thereon), including separately accounting for the portion of the distribution that is distributed on account of Hardship shall not be an Eligible Rollover Distribution includible in gross income and the Distributee may not elect to have any portion of such a distribution paid directly to an Eligible Retirement Planwhich is not so includible.

Eligible Rollover Distribution. An Eligible Rollover Distribution is "eligible rollover distribution" means any distribution described in Code §402(c)(4) and generally includes any distribution of all or any portion of the balance to the credit of the Distributee, "distributee," except that an Eligible Rollover Distribution "eligible rollover distribution" does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or Life Expectancylife expectancy) of the Distributee "distributee" or the joint lives (or Joint Life Expectanciesjoint life expectancies) of the Distributee "distributee" and the Distributee’s Designated "distributee's" "designated Beneficiary, ," or for a specified period of ten (10) years or more; any distribution to the extent such distribution is required under Code Section §401(a)(9); any Hardship distribution described in Code Section 401(k)(2)(B)(i)(IV) received after December 31, 1998, hardship distribution; the portion of any other distribution(s) that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer employer securities); and any other distribution(s) that is distribution reasonably expected to total less than $200 during a year. For purposes of this paragraphthe $200 rule, any amount that is distributed on a distribution from a designated Xxxx account and a distribution from other accounts under the Plan may be treated as made under separate plans. In addition, Section 6.8(f) applies with respect to distributions made in 2009. Notwithstanding the above, a portion of Hardship a distribution shall not fail to be an Eligible Rollover Distribution and "eligible rollover distribution" merely because the Distributee portion consists of after-tax voluntary Employee contributions which are not includible in gross income. However, such portion may not elect to have any portion of such a distribution paid directly to an Eligible Retirement Plan.be transferred only to: