Common use of ROLLOVER MEMBERSHIP AND TRUST TO TRUST TRANSFER Clause in Contracts

ROLLOVER MEMBERSHIP AND TRUST TO TRUST TRANSFER. An Eligible Employee who makes a Rollover Contribution or a trust to trust transfer shall become a Participant as of the date of such contribution or transfer even if he or she had not previously become a Participant. Such an Eligible Employee shall be a Participant only for the purposes of such Rollover Contribution or transfer and shall not be eligible to share in contributions made by the Employer until he or she has become a Participant in accordance with Section 2.1.

Appears in 8 contracts

Samples: Adoption Agreement (Tca Cable Tv Inc), Merrill Lynch (Media 100 Inc), Adoption Agreement (Sterling Financial Corp /Wa/)

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ROLLOVER MEMBERSHIP AND TRUST TO TRUST TRANSFER. An Eligible Employee who makes a Rollover Contribution or a trust to trust transfer shall become a Participant as of the date of such contribution or transfer even if he or she had not previously become a Participant. Such an Eligible Employee shall be a Participant only for the purposes of such Rollover Contribution or transfer and shall not be eligible to share in contributions made by the Employer until he or she has become a Participant in accordance with Section 2.1.

Appears in 1 contract

Samples: Adoption Agreement (Innerdyne Inc)

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