Common use of PLAN-TO-PLAN TRANSFERS FROM QUALIFIED PLANS Clause in Contracts

PLAN-TO-PLAN TRANSFERS FROM QUALIFIED PLANS. (a) With the consent of the Administrator, amounts may be transferred (within the meaning of Code Section 414(l)) to this Plan from other tax qualified plans under Code Section 401(a), provided the plan from which such funds are transferred permits the transfer to be made and the transfer will not jeopardize the tax-exempt status of the Plan or Trust or create adverse tax consequences for the Employer. Prior to accepting any transfers to which this Section applies, the Administrator may require an opinion of counsel that the amounts to be transferred meet the requirements of this Section. The amounts transferred shall be set up in a separate account herein referred to as a "Participant's Transfer Account." Furthermore, for Vesting purposes, the Participant's Transfer Account shall be treated as a separate "Participant's Account."

PLAN-TO-PLAN TRANSFERS FROM QUALIFIED PLANS. (a) Transfers into this Plan. With the consent of the Administrator, amounts may be transferred (within the meaning of Code Section §414(l)) to this Plan from other tax qualified plans under Code Section §401(a), provided the plan from which such funds are transferred permits the transfer to be made and the transfer will not jeopardize the tax-exempt status of the Plan or Trust or create adverse tax consequences for the Employer. Prior to accepting any transfers to which this Section applies, the Administrator may require an opinion of counsel that the amounts to be transferred meet the requirements of this Section. The amounts transferred shall be set up in a separate account herein referred to as a "Participant's Transfer Account." Furthermore, for Vesting vesting purposes, the Participant's Transfer Account shall be treated as a separate "Participant's Account."

PLAN-TO-PLAN TRANSFERS FROM QUALIFIED PLANS. (a) With the consent of the Administrator, amounts may be transferred (within the meaning of Code Section 414(l414(1)) to this Plan from other tax qualified plans under Code Section 401(a), provided the plan from which such funds are transferred permits the transfer to be made and the transfer will not jeopardize the tax-exempt status of the Plan or Trust or create adverse tax consequences for the Employer. Prior to accepting any transfers to which this Section applies, the Administrator may require an opinion of counsel that the amounts to be transferred meet the requirements of this Section. The amounts transferred shall be set up in a separate account herein referred to as a "Participant's Transfer Account." Furthermore, for Vesting purposes, the Participant's Transfer Account shall be treated as a separate "Participant's Account."