Rollover Distributions. (a) A Participant or the Beneficiary of a deceased Participant (or a Participant’s spouse or former spouse who is an alternate payee under a domestic relations order, as defined in section 414(p) of the Code) who is entitled to an eligible rollover distribution may elect to have any portion of an eligible rollover distribution (as defined in section 402(c)(4) of the Code) from the Plan paid directly to an eligible retirement plan (as defined in section 402(c)(8)(B) of the Code) specified by the Participant in a direct rollover. In the case of a distribution to a Beneficiary who at the time of the Participant’s death was neither the spouse of the Participant nor the spouse or former spouse of the participant who is an alternate payee under a domestic relations order, a direct rollover is payable only to an individual retirement account or individual retirement annuity (IRA) that has been established on behalf of the Beneficiary as an inherited IRA (within the meaning of section 408(d)(3)(C) of the Code).
(b) Each Vendor shall be separately responsible for providing, within a reasonable time period before making an initial eligible rollover distribution, an explanation to the Participant of his or her right to elect a direct rollover and the income tax withholding consequences of not electing a direct rollover.
Rollover Distributions. A Participant, the surviving spouse of a Participant (or a Participant's former spouse who is the alternate payee under a domestic relations order, as defined in Section 414(p) of the Code), or a nonspouse Beneficiary who is entitled to an eligible rollover distribution may elect, at the time and in the manner prescribed by the Board, to have all or any portion of the distribution paid directly to an eligible retirement plan specified by the Participant in a direct rollover.
Rollover Distributions. An Account Owner may roll over all or part of the balance of an Account to an account in another 529 savings plan not sponsored by the State of Nevada without adverse federal tax conse- quences under certain circumstances. (For more information concerning this type of rollover distributions, see “Roll- over Contributions and Other Transfers” on page 13.) In addition, an Account Owner may roll over all or part of the balance of an Account to an ABLE Account for the designated beneficiary or a family member of the designated beneficiary. Any such rollover is subject to the ABLE Account’s annual contribution limits as set forth in Section 529A of the Code.
Rollover Distributions. (a) A Participant or the Beneficiary of a deceased Participant (or a Participant’s spouse or former spouse who is an alternate payee under a domestic relations order, as defined in section 414(p) of the Code) who is entitled to an eligible rollover distribution may elect to have any portion of an eligible rollover distribution (as defined in section 402(c)(4) of the Code) from the Plan paid directly to an eligible retirement plan (as defined in section 402(c)(8)(B) of the Code) specified by the Participant or Beneficiary in a direct rollover. In the case of a distribution to a Beneficiary who at the time of the Participant’s death was neither the spouse of the Participant nor the spouse or former spouse of the Participant who is an alternate payee under a domestic relations order, a direct rollover is payable only to an IRA that has been established on behalf of the Beneficiary as an inherited IRA (within the meaning of section 408(d)(3)(C) of the Code). For purposes of this Section 4.04 an eligible retirement plan shall also include a Xxxx XXX described in code section 408A, subject to restrictions that currently and may in the future apply to rollovers from a traditional IRA into a Xxxx XXX.
(b) Each Vendor shall be separately responsible for providing, within a reasonable time period before making an initial eligible rollover distribution, an explanation to the Participant or Beneficiary of his or her right to elect a direct rollover and the income tax withholding consequences of not electing a direct rollover.
Rollover Distributions. This Plan may accept Eligible Rollover Distributions by means of a direct transfer or rollover. Prior to accepting any direct transfer or rollover, the Plan may require the Employee or Participant to establish that the amounts to be rolled over or transferred to this Plan meet the requirements of this Section and that he/she is entitled to receive an Eligible Rollover Distribution from an Eligible Retirement Plan. Such Eligible Rollover Distributions shall be paid to the Plan in cash only. Eligible Rollover Distributions are limited to those distributions described in Section 6.7 of the Plan and shall not include after-tax amounts described in Code Section 402(c)(2)(A) or (B). An Eligible Rollover Distribution of Xxxx deferrals from a Xxxx elective deferral account as described in Code §402A(e)(1) or a Xxxx XXX described in Code §408A will be accepted by the Plan only if the Plan permits Participants to make Xxxx deferrals directly to the Plan. All Eligible Rollover Distributions must be made from Eligible Retirement Plans as described in Section 6.7 of the Plan. Eligible Rollover Distributions must comply with the requirements of Code Section 402(c). The Fund Sponsor shall establish and maintain for the Participant a separate account for any eligible rollover distribution made to the Plan, including a separate account for any Xxxx amounts which are permitted to be rolled over or transferred to the Plan under this Section.
Rollover Distributions. (i) Subject to the limitations set forth in Section 4.01(a), in the event that the Company makes a Founder Distribution to the Corporation pursuant to Section 4.01(d), concurrently with the making of such Founder Distribution, the Company shall also be required to make a Distribution to each Member holding Series A Rollover Profits Units out of Distributable Cash in an amount equal to such Member’s Carry Amount with respect to such Founder Distribution (“Rollover Distributions”); provided, that the Company shall instead issue to such Member a number of Class B Common Units equal to the quotient of such Member’s Carry Amount with respect to such Founder Distribution and the Dividend Price (as defined in the Corporation’s Charter) for the relevant Dividend Year (as defined in the Corporation’s Charter) with respect to the Annual Dividend Amount relevant to such Founder Distribution, rounded down to the nearest whole number, to the extent that the Corporation elects to pay the Annual Dividend Amount in shares of Class A Common Stock.
(ii) For the avoidance of doubt, Rollover Distributions shall (x) be treated as Distributions for all purposes of this Agreement (and each Person that is a party to or is otherwise bound by this Agreement agrees that each Rollover Distribution shall reduce the balance of the applicable Member’s Series A Rollover Profits Units Capital Account as and when made), and (y) not be offset against any Ordinary Distributions that the applicable Member is entitled to receive pursuant to or in accordance with Section 4.01(b). The applicable Member shall be deemed to have made a Capital Contribution in respect of any Class B Common Units issued pursuant to this Section 4.01(e) in an amount equal to the Capital Contribution of the Class A Common Units issued to the Corporation in respect of the Founder Distribution relevant to such Rollover Distribution (determined on a per-Unit basis) (and each Person that is a party to or is otherwise bound by this Agreement agrees that such deemed Capital Contribution shall increase the balance of the applicable Member’s Common Capital Account as and when deemed made).
(iii) For the avoidance of doubt, no holder of Series A Rollover Profits Units shall receive any Distribution with respect to such Series A Rollover Profits Units other than pursuant to Section 4.01(c) and this Section 4.01(e).
Rollover Distributions. The contract provides that, if the distributee of an eligible rollover distribution elects to have the distribution paid directly to an eligible retirement plan, as defined in section 402(c)(8)(B), and specifies the eligible retirement plan to which the distribution is to be paid, then the dis- tribution will be paid to that eligible retirement plan in a direct rollover. See § 1.403(b)–7(b)(2).
Rollover Distributions. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this Section 6.08, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. For purposes of this Section 6.08, the following definitions shall apply.
Rollover Distributions. (a) For distributions made on or after January 1, 1993 and notwithstanding any provision of the Plan to the contrary, that would otherwise limit a "Distributee's" election hereunder, a Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an "Eligible Rollover Distribution" paid directly to an "Eligible Retirement Plan" specified by the Distributee in a "Direct Rollover."
(b) For purposes of this Section, the terms set forth below shall have the following meanings:
Rollover Distributions. (a) A Participant or the Beneficiary of a deceased Participant (or a Participant’s spouse or former spouse who is an Alternate Payee under a domestic relations order, as defined in Code Section 414(p)) who is entitled to an eligible rollover distribution may elect to have any portion of an eligible rollover distribution (as defined in Code Section 402(c)(4)) from the Plan paid directly to an eligible retirement plan (as defined in Code Section 402(c)(8)(B)) in a direct rollover. In the case of a distribution to a beneficiary who at the time of the Participant’s death was neither the spouse of the Participant nor the spouse or former spouse of the Participant who is an Alternate Payee under a domestic relations order, a direct rollover is payable only to a traditional individual retirement account or a traditional individual retirement annuity (XXX) that has been established on behalf of the Beneficiary as an inherited traditional XXX (within the meaning of Code Section 408(d)(3)(C)).
(b) For purposes of this section, an eligible rollover distribution means any distribution of all or any portion of a Participant’s Account balance, except that an eligible rollover distribution does not include (a) any installment payment for a period of 10 years or more (b) any distribution made as a result of an unforeseeable emergency, or (c) for any other distribution, the portion, if any, of the distribution that is a required minimum distribution under section 401(a)(9). In addition, an eligible retirement plan means an individual retirement account described in section 408(a) of the Code, an individual retirement annuity described in section 408(b) of the Code, a qualified trust described in section 401(a) of the Code, an annuity plan described in section 403(a) or 403(b) of the Code, or an eligible governmental plan described in section 457(b) of the Code, that accepts the eligible rollover distribution.
