Qualified Domestic Relations Order. ...............................................................1.32 Regulation..........................................................................................1.33
Qualified Domestic Relations Order. A QDRO is a signed Domestic Relations Order issued by a State Court which creates, recognizes or assigns to an alternate payee(s) the right to receive all or part of a Participant's Plan benefit and which meets the requirements of Code Section 414(p). An alternate payee is a Spouse, former Spouse, child, or other dependent who is treated as a beneficiary under the Plan as a result of the QDRO.
Qualified Domestic Relations Order. In the case of a Custodial Account that is part of an "employee pension benefit plan" under ERISA, the Custodian shall make distributions in accordance with the terms of a "qualified domestic relations order" as defined in Section 206(d) of ERISA, provided that the Employer (or its duly appointed plan administrator) shall be responsible for determining the qualified status of the order and distribution shall be made by the Custodian only upon receipt of written direction from the Employer (or its duly appointed plan administrator) that the order is a "qualified domestic relations order" for purposes of ERISA.
Qualified Domestic Relations Order. In the case of a Custodial Account that is part of an "employee pension benefit plan" under ERISA, the Custodian shall make distributions in accordance with the terms of a "qualified domestic relations order" as defined in Section 206(d) of ERISA, provided that the Employer (or its duly appointed plan administrator) shall be responsible for determining the qualified status of the order and distribution shall be made by the Custodian only upon receipt of written direction from the Employer (or its duly appointed plan administrator) that the order is a "qualified domestic relations order" for purposes of ERISA. Assignment and Alteration The interest of the Employee in the Custodial Account shall be held for the exclusive benefit of the Employee or his or her beneficiary, and shall not be assigned or transferred by the Employee, nor shall it be subject to alienation, assignment, garnishment, attachment, execution or levy of any kind, except as described above in connection with "qualified domestic relations orders", except with regard to payment of the expenses of the Custodian or its agent as authorized by the provisions of this Custodial Agreement, and except as otherwise required by law. Governing Law This Custodial Agreement shall be governed by the laws of the state in which the Custodian is incorporated, except to the extent that such laws are superseded by federal laws or regulations. Effect on Other 403(b) Arrangements This Custodial Account shall not prevent the Employee or the Employer from making contributions toward another Section 403(b) annuity contract or Section 403(b)(7) custodial account, provided that the aggregate contributions to or under such annuity contracts or custodial accounts and under this Custodial Account shall not exceed the maximum permissible amounts as determined pursuant to Article III hereof. Neither the Custodian nor the Investment Advisor shall have any responsibility for monitoring compliance with the maximum contribution limitations. Establishment of Custodial Account by Former Employee To the extent authorized by the Internal Revenue Service as being permissible under Section 403(b) of the Code, a former Employee who is eligible for a distribution from his or her Employer's Section 403(b) program may, without the consent of his or her former Employer, adopt this Custodial Account for the purpose of receiving a rollover contribution from the prior Employer's Section 403(b) Plan, or from the Custodial Account through wh...
Qualified Domestic Relations Order. (QDRO). A court order relating to child support, alimony or marital property rights. A QDRO provides an alternate payee with the right to receive benefits payable to the Participant. Alternate payees can include spouses, former spouses or dependents.
Qualified Domestic Relations Order. 36 13.8. Top Heavy Plan.................................................................................36 (a) Determination of Top-Heavy Status.....................................................36 (b) Special Top Heavy Plan Rules..........................................................38 Appendix A.......................................................................................................40 Appendix B.......................................................................................................44 Appendix C.......................................................................................................46 LODGIAN, INC. 401(K) PLAN AND TRUST AGREEMENT AS AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2002 (EXCEPT AS OTHERWISE PROVIDED)
Qualified Domestic Relations Order. A court order in a marital dissolution or similar proceeding that meets the requirements of Code section 414(p).
Qualified Domestic Relations Order. A qualified domestic relations order approved by the Administrator in accordance with Section 10.12.
Qualified Domestic Relations Order. A. In General Means a Domestic Relations Order
Qualified Domestic Relations Order. Any distribution pursuant to a qualified domestic relations order (“QDRO”) within the meaning of Code Section 414(p) is subject to receipt of appropriate documentation and an Employer Instruction. If a QDRO provides for a distribution payable to an alternate payee, such as the Participant’s former spouse, then such distribution shall be payable as soon as administratively reasonable after the order is determined by the Employer or Third Party Plan Administrator to be a valid QDRO, without regard to whether the Participant has reached his/her “earliest retirement age” as defined in Code Section 414(p). The actual time and manner of such payment shall be as provided under the QDRO consistent with applicable law and the distribution provisions of this Agreement. Appendix A sets forth the general requirements that must be met.
