Common use of Participant Election Clause in Contracts

Participant Election. A Participant (including for this purpose, a former Employee) may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of his/her eligible rollover distribution from the Plan paid directly to an eligible retirement plan specified by the Participant in a direct rollover election. For purposes of this Section 6.10, a Participant includes as to their respective interests, a Participant's surviving spouse and the Participant's spouse or former spouse who is an alternate payee under a QDRO.

Appears in 4 contracts

Samples: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Adoption Agreement (Gold Banc Corp Inc), Adoption Agreement (Bank of Granite Corp)

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Participant Election. A Participant (including for this purpose, a former Employee) may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of his/her eligible rollover distribution from the Plan paid directly to an eligible retirement plan specified by the Participant in a direct rollover election. For purposes of this Section 6.10, a Participant includes as to their respective interests, a Participant's ’s surviving spouse and the Participant's ’s spouse or former spouse who is an alternate payee under a QDRO.

Appears in 2 contracts

Samples: Defined Contribution Prototype Plan (Trimeris Inc), Defined Contribution Prototype Plan (MSC Software Corp)

Participant Election. A Participant (including for this purpose, a former Employee) may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of his/her eligible rollover distribution Eligible Rollover Distribution from the Plan paid directly to an eligible retirement plan Eligible Retirement Plan specified by the Participant in a direct rollover electionDirect Rollover. For purposes of this Section 6.106.08, a Participant includes as to their respective interests, a Participant's surviving spouse and the Participant's spouse or former spouse who is an alternate payee under a QDRO.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

Participant Election. A Participant (including for this purpose, a former Employee) may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of his/her eligible rollover distribution Eligible Rollover Distribution from the Plan paid directly to an eligible retirement plan Eligible Retirement Plan specified by the Participant in a direct rollover electionDirect Rollover. For purposes of this Section 6.106.08, a Participant includes as to their respective interests, a Participant's ’s surviving spouse and the Participant's ’s spouse or former spouse who is an alternate payee under a QDRO.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

Participant Election. A Participant (including for this purpose, a former Employee) in a Governmental Eligible 457 Plan may elect, at the time and in the manner prescribed by the manner the Plan AdministratorAdministrator prescribes, to have any portion of his/her eligible rollover distribution from the Plan paid directly to an eligible retirement plan specified by the Participant in a direct rollover election. For purposes of this Section 6.10election, a Participant “Participant” includes as to their respective interests, a Participant's ’s surviving spouse and the Participant's ’s spouse or former spouse who is an alternate payee under a QDRO.

Appears in 1 contract

Samples: Eligible 457 Prototype Plan and Trust Agreement

Participant Election. A Participant (including for this purpose, a former Employee) may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of his/her eligible rollover distribution from the Plan paid directly to an eligible retirement plan specified by the Participant in a direct rollover electiondesignation. For purposes of this Section 6.106.08, a Participant includes as to their respective interests, a Participant's surviving spouse and the Participant's spouse or former spouse who is an alternate payee under a QDRO.

Appears in 1 contract

Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)

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Participant Election. A Participant (including for this purpose, a former Employee) may elect, at the time and in the manner prescribed by the Plan AdministratorAdvisory Committee, to have any portion of his/her eligible rollover distribution from the Plan paid directly to an eligible retirement plan specified by the Participant in a direct rollover election. For purposes of this Section 6.10, a Participant includes as to their respective interests, a Participant's surviving spouse and the Participant's spouse or former spouse who is an alternate payee under a QDRO.

Appears in 1 contract

Samples: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)

Participant Election. A Participant (including for Notwithstanding any provision of this purposePlan to the contrary that would otherwise limit a Participant's election under this Section, a former Employee) Participant may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of his/her an eligible rollover distribution from the Plan paid directly to an eligible retirement plan specified by the Participant in a direct rollover electiondesignation. For purposes of this Section 6.107.06, a Participant includes as to their respective interests, a Participant's surviving spouse and the Participant's spouse or former spouse who is an alternate payee under a QDROpayee.

Appears in 1 contract

Samples: Employees' Stock Ownership Plan and Trust Agreement (Caseys General Stores Inc)

Participant Election. A Participant (including for this purpose, a former Employee) in a Governmental Eligible 457 Plan may elect, at the time and in the manner prescribed by the Plan AdministratorAdministrator prescribes, to have any portion of his/his or her eligible rollover distribution from the Plan paid directly to an eligible retirement plan specified by the Participant in a direct rollover election. For purposes of this Section 6.10election, a Participant "Participant" includes as to their respective interests, a Participant's surviving spouse and the Participant's spouse or former spouse who is an alternate payee under a QDRO.

Appears in 1 contract

Samples: Adoption Agreement for Eligible Governmental 457 Plan

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