Common use of Exclusion of Rollovers in Application of Involuntary Cash Clause in Contracts

Exclusion of Rollovers in Application of Involuntary Cash. out Provisions (for profit sharing and 401(k) plans only). If the plan is not subject to the qualified joint and survivor annuity rules and includes involuntary cash-out provisions, then unless one of the options below is elected, effective for distributions made after December 31, 2001, rollover contributions will be excluded in determining the value of the participant’s nonforfeitable account balance for purposes of the plan’s involuntary cash-out rules.

Exclusion of Rollovers in Application of Involuntary Cash. out Provisions (for profit sharing and 401(k) plans only). If the plan is not subject to the qualified joint and survivor annuity rules and includes involuntary cash-out provisions, then unless one of the options below is elected, effective for distributions made after December 31, 2001, rollover contributions will be excluded in determining the value of the participant’s 's nonforfeitable account balance for purposes of the plan’s 's involuntary cash-out rules.