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 years or more; any distribution to the extent such distribution is required under section 401(a)(9) of the Code; and the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer securities).

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 years or more; any distribution to the extent such distribution is required under section 401(a)(9) of the CodeCode (S)401(a)(9); and the portion of any distribution that is not includible includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer employer securities).

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: : (1) 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 beneficiaryBeneficiary, or for a specified period of ten years or more; ; (2) any distribution to the extent such distribution is required under section Section 401(a)(9) of the Code; and ; (3) the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer employer securities); and (4) any amount that is distributed on account of hardship.

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: 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 section Section 401(a)(9) of the Code; and the portion of any distribution that is not includible includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer employer securities).

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 section Code Section 401(a)(9) of the Code); and the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer employer securities).

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 that distribution is required under section Code (S) 401(a)(9) of the Code); and the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer securitiesUPS Stock).

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: 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 section Section 401(a)(9) of the Code; and the portion of any distribution that is not includible includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer securitiesSecurities).