Common use of Qualified Domestic Relations Orders Clause in Contracts

Qualified Domestic Relations Orders. A Qualified Domestic Relations Order, or 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- An alternate payee is a Spouse, former Spouse, child, or other dependent of a Participant who is treated as a Beneficiary under the Plan as a result of the QDRO. The Administrator may establish QDRO procedures, but in the absence of such procedures, the Administrator will determine if a domestic relations order is a Qualified Domestic Relations Order in accordance with the following:

Appears in 2 contracts

Samples: Picis Inc, Picis Inc

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Qualified Domestic Relations Orders. (a) A Qualified Domestic Relations OrderOrder (QDRO) is a judgment, decree, or QDRO, is a signed domestic relations order issued by a State Court which creates, recognizes or assigns to an alternate payee(s) meets the right to receive all or part requirements of a Participant's Plan benefit- Code Section 414(p). An alternate payee is a Spouse, former Spouse, child, or other dependent of a Participant an individual named in the QDRO who is treated as a Beneficiary under the Plan as a result to receive some or all of the QDRO. The Administrator may establish QDRO procedures, but in the absence of such procedures, the Administrator will determine if a domestic relations order is a Qualified Domestic Relations Order in accordance with the following:Participant's benefits.

Appears in 1 contract

Samples: Amoco Corp

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Qualified Domestic Relations Orders. A Qualified Domestic Relations Order, or QDRO, is a signed domestic relations order issued by a State Court which that creates, recognizes or assigns to an alternate payee(s) the right to receive all or part of a Participant's ’s Plan benefit- benefit. An alternate payee is a Spouse, former Spouse, child, or other dependent of a Participant who is treated as a Beneficiary under the Plan as a result of the QDRO. The Administrator may establish QDRO procedures, but in the absence of such procedures, the Administrator will determine if a domestic relations order is a Qualified Domestic Relations Order in accordance with the followingfollowing provisions:

Appears in 1 contract

Samples: Agreement (Provident Bancorp Inc/Ny/)

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