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 from an Eligible Retirement Plan, 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 years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9) (minimum required distribution); any distribution on account of hardship; and any other distribution determined not to be an Eligible Rollover Distribution under the Code, or other applicable guidance. For purposes of determining whether a distribution from the Plan is an Eligible Rollover Distributions, any distribution(s) that is(are) reasonably expected to total less than $200 during a year shall not be treated as an Eligible Rollover Distribution. A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Code Section 408(a) or (b), or to a qualified defined contribution plan described in Code Sections 401(a) or 403(a) that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. In all events, a distribution of Excess Amounts (defined in Section 3.7.1), Excess Aggregate Contributions, Excess Contributions, and Excess Elective Deferral Contributions is not an Eligible Rollover Distribution. A Xxxx Contributions Account shall be treated as being held under a separate plan for purposes of applying the rules in A-9 (dividing an Eligible Rollover Distribution between direct rollover and direct pay), A-10 (dividing a direct rollover into multiple direct rollovers) and A-11 (de minimis distributions) of Treas.

Eligible Rollover Distribution. An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the Distributee from an Eligible Retirement PlanDistributee, 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 Participant and the Distributee’s designated beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under Code Section section 401(a)(9) ); the portion of any distribution that is not includable in gross income (minimum required distributiondetermined without regard to the exclusion for net unrealized appreciation with respect to employer securities); any hardship distribution described in Section 401(k)(2)(B)(i)(IV) of the Code. Any amount that is distributed on account of hardship; and any other distribution determined hardship shall not to be an Eligible Rollover Distribution under and the Code, or other applicable guidance. For purposes distributee may not elect to have any portion of determining whether such a distribution from the Plan is paid directly to an Eligible Rollover Distributions, any distribution(s) that is(are) reasonably expected to total less than $200 during a year shall not be treated as an Eligible Rollover DistributionRetirement Plan. A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of afterAfter-tax employee contributions Tax Contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Code Section section 408(a) or (b)) of the Code, or to a qualified defined contribution plan described in Code Sections section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. In all events, a distribution of Excess Amounts (defined in Section 3.7.1), Excess Aggregate Contributions, Excess Contributions, and Excess Elective Deferral Contributions is not an Eligible Rollover Distribution. A Xxxx Contributions Account shall be treated as being held under a separate plan for purposes of applying the rules in A-9 (dividing an Eligible Rollover Distribution between direct rollover and direct pay), A-10 (dividing a direct rollover into multiple direct rollovers) and A-11 (de minimis distributions) of Treas.

Eligible Rollover Distribution. An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the Distributee from an Eligible Retirement Plan, 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 years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9) (minimum required distribution); any distribution on account of hardship; and any other distribution determined not to be an Eligible Rollover Distribution under the Code, or other applicable guidance. For purposes of determining whether a distribution from the Plan is an Eligible Rollover DistributionsDistribution, any distribution(s) that is(are) reasonably expected to total less than $200 during a year shall not be treated as an Eligible Rollover Distribution. A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Code Section 408(a) or (b), or to a qualified defined contribution plan described in Code Sections 401(a) or 403(a) that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. In all events, a distribution of Excess Amounts (defined in Section 3.7.1), Excess Aggregate Contributions, Excess Contributions, and Excess Elective Deferral Contributions is not an Eligible Rollover Distribution. A Xxxx Contributions Account shall be treated as being held under a separate plan for purposes of applying the rules in A-9 (dividing an Eligible Rollover Distribution between direct rollover and direct pay), A-10 (dividing a direct rollover into multiple direct rollovers) and A-11 (de minimis distributions) of Treas. Reg. Section 1.401 (a)(31) -1.

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 Distributee from an Eligible Retirement Plandistributee, 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 expectancy) of the Distributee distributee or the joint lives (or joint life expectancies) of the Distributee distributee and the Distributeedistributee’s designated beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9) (minimum required distribution)of the Code; the portion of any distribution on account of hardshipthat is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); and any other exception permitted by law or the Internal Revenue Service. An eligible rollover distribution determined shall not include any hardship distribution and the distributee may not elect to be an Eligible Rollover Distribution under the Code, or other applicable guidance. For purposes have any portion of determining whether such a distribution from the Plan is paid directly to an Eligible Rollover Distributions, any distribution(s) that is(are) reasonably expected to total less than $200 during a year shall not be treated as an Eligible Rollover Distributioneligible retirement plan. A portion of a distribution shall not fail to be an Eligible Rollover Distribution eligible rollover distribution merely because the portion consists of after-after tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Code Section 408(a) or (b)) of the Code, or to a qualified defined contribution plan described in Code Sections Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. In all events, Such a distribution of Excess Amounts (defined transfer may be made to an annuity contract described in Section 3.7.1), Excess Aggregate Contributions, Excess Contributions, 403(b) of the Code and Excess Elective Deferral Contributions such agreement is not an Eligible Rollover Distribution. A Xxxx Contributions Account shall be treated as being held under a required but the applicable contract must provide for separate plan for purposes of applying the rules in A-9 (dividing an Eligible Rollover Distribution between direct rollover and direct pay), A-10 (dividing a direct rollover into multiple direct rollovers) and A-11 (de minimis distributions) of Treasaccounting.

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 Distributee from an Eligible Retirement Plandistributee, 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 joint life expectancy) of the Distributee distributee or the joint lives (or joint life expectancies) of the Distributee distributee and the Distributeedistributee’s designated beneficiary, or for a specified period of ten years or more; any distribution to the extent such distribution is required under Code Section §401(a)(9) (minimum required distribution)of the Internal Revenue Code; any distribution on account hardship distribution; the portion of hardshipany 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 determined not to be an Eligible Rollover Distribution under the Code, or other applicable guidance. For purposes of determining whether a distribution from the Plan is an Eligible Rollover Distributions, any distribution(s) that is(are) is reasonably expected to total less than $200 during a year shall not be year. For purposes of the $200 rule, a distribution from a designated Xxxx account and a distribution from other accounts under the plan are treated as an Eligible Rollover Distributionmade under separate plans. A portion of a distribution shall not fail to be an Eligible Rollover Distribution eligible rollover distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to (1) an individual retirement account or annuity described in Code Section §408(a) or (b) of the Code (a “traditional IRA”) or a Xxxx individual retirement account or annuity described in section 408A of the Code (a “Xxxx XXX”), ; or to a qualified defined contribution plan described in Code Sections §401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. In all events, a distribution of Excess Amounts (defined in Section 3.7.1), Excess Aggregate Contributions, Excess Contributions, and Excess Elective Deferral Contributions is not an Eligible Rollover Distribution. A Xxxx Contributions Account shall be treated as being held under a separate plan for purposes of applying the rules in A-9 (dividing an Eligible Rollover Distribution between direct rollover and direct pay), A-10 (dividing a direct rollover into multiple direct rollovers) and A-11 (de minimis distributions) of Treas.

Eligible Rollover Distribution. (a) This Section applies to distributions made by the Trustee on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee's election under this Section, a Distributee may elect, at the time and in the manner prescribed by the Administrator, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover. (b) An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the Distributee from an Eligible Retirement PlanDistributee, 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 years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9) (minimum required distribution); and the portion of any distribution on that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities). (c) An Eligible Retirement Plan is an individual retirement account described in Code Section 408(a), an individual retirement annuity described in Code Section 408(b), an annuity plan described in Code Section 403(a), or a qualified trust described in Code Section 401(a), that accepts the Distributee's Eligible Rollover Distribution. However, in the case of hardship; and any other distribution determined not to be an Eligible Rollover Distribution under to the Codesurviving Spouse, or other applicable guidance. For purposes of determining whether a distribution from the an Eligible Retirement Plan is an Eligible Rollover Distributions, any distribution(s) that is(are) reasonably expected to total less than $200 during a year shall not be treated as an Eligible Rollover Distribution. A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Code Section 408(aindividual retirement annuity. (d) A Distributee includes an Employee or (b)former Employee. In addition, the Employee's or to 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 defined contribution plan described in Code Sections 401(a) or 403(a) that agrees to separately account for amounts so transferreddomestic relations order, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. In all events, a distribution of Excess Amounts (as defined in Section 3.7.1), Excess Aggregate Contributions, Excess Contributions, and Excess Elective Deferral Contributions is not an Eligible Rollover Distribution. A Xxxx Contributions Account shall be treated as being held under a separate plan for purposes of applying the rules in A-9 (dividing an Eligible Rollover Distribution between direct rollover and direct pay), A-10 (dividing a direct rollover into multiple direct rollovers) and A-11 (de minimis distributions414(p) of Treasthe Code, are Distributees with regard to the interest of the Spouse or former Spouse.

Eligible Rollover Distribution. An Eligible Rollover Distribution is any distribution of all or any portion of the balance to the credit of the Distributee from an Eligible Retirement PlanDistributee, 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 years or more; any distribution to the extent such distribution is required under Code Section 401(a)(9) (minimum required distribution)of the Code; the portion of any distribution on account of hardshipthat is not includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); and any other hardship distribution determined not to be an Eligible Rollover Distribution under described in Section 401(k)(2)(B)(i)(IV) of the Code, or other applicable guidance. For purposes of determining whether a distribution from the Plan is an Eligible Rollover Distributions, any distribution(s) that is(are) reasonably expected to total less than $200 during a year shall not be treated as an Eligible Rollover Distribution. A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the such portion consists of after-tax employee contributions which are not includible in gross income. However, provided that such portion may be transferred only to an individual retirement account or annuity described in Code Section § 408(a) or (b)) of the Code, or to a qualified defined contribution plan described in Code Sections § 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. In all eventsEffective for distributions made on or after January 1, 2008, an Eligible Retirement Plan shall include a distribution of Excess Amounts Xxxx XXX (as defined in Section 3.7.1408A of the Code), Excess Aggregate Contributionssubject to the restrictions set forth in Section 408A of the Code, Excess Contributions, and Excess Elective Deferral Contributions is not an Eligible Rollover Distributionwhich are incorporated herein by reference. A Xxxx Contributions Account portion of a distribution shall not fail to be treated as being held under a separate plan for purposes of applying the rules in A-9 (dividing an Eligible Rollover Distribution between direct rollover and direct pay)merely because such portion consists of Xxxx contributions, A-10 (dividing provided that such portion may be transferred only to a direct rollover into multiple direct rollovers) and A-11 (de minimis distributions) Xxxx XXX described in Section 408A of Treasthe Code, or to a designated Xxxx account within a qualified defined contribution plan as described in Section 402A of the Code.