Rollovers From Qualified Plans Clause Samples
Rollovers From Qualified Plans. If allowed by the Administrator and subject to such terms and conditions as may be established from time to time by the Administrator, a Participant may contribute assets distributed from the Participant’s interest in a plan qualified under Section 401(a) or 403(a) to the Trust Fund by delivery of such contribution to a Trustee and such contribution shall be considered to be a Rollover Contribution; provided that such Employee submits a written certification (the certification may be provided electronically if permitted by applicable guidance), satisfactory to the Administrator and Trustee, that the contribution of the assets will satisfy applicable Code and regulatory requirements which prevent taxation of those assets in the event such a contribution is made. Such rollover may also be made through an individual retirement plan qualified under Section 408 of the Code where the individual retirement plan was used as a conduit from the prior plan if the transfer is made in accordance with the statutory and regulatory rules referred to in the prior paragraph and if such individual retirement plan did not include any personal contributions or earnings thereon the Participant may have made to the Individual Retirement Account. If allowed by the Administrator and subject to such terms and conditions as may be established from time to time by the Administrator, an Employee of a Participating Employer may cause a direct rollover of the type described in Section 7.12 to be made from a qualified trust described in Section 401(a) of the Code to the Plan and such transfer shall be treated as a Rollover Contribution. Any Rollover Contributions Account is subject to the Plan provisions governing distributions. Any Rollover Contributions will be initially contributed to the Rollover Contribution Account. Any subsequent investment of Rollover Contributions will be consistent with the terms of Sections 9.4 and 9.5.
Rollovers From Qualified Plans. (a) With the consent of the Committee, the Trustee may receive and hold an Eligible Employee's or Participant's qualifying distribution from any other qualified retirement plan ("Rollover Contribution"). The Trustee may accept such Rollover Contribution directly from such other plan, from such Eligible Employee or Participant within sixty (60) days of the receipt thereof by the Eligible Employee or Participant, or from an individual retirement account provided such individual retirement account contains no assets other than those representing employer contributions, earnings thereon and earnings on employee contributions thereto. Any such Rollover Contributions shall be separately accounted for, nonforfeitable and distributed with and in addition to any other benefit to which the Participant effecting such contribution is entitled hereunder.
(b) Whenever a Participant elects to make Rollover Contributions to this Plan as provided herein, the Committee shall establish a separate Rollover Contribution Account to which such Participant's Rollover Contributions shall be allocated when received by the Trustee.
(c) A Participant may, upon thirty (30) days' written notice to the Committee, withdraw any portion of his Rollover Contributions Account; provided, however, that if such Participant is then married, the written consent to such withdrawal by his spouse shall be required as provided in Section 6.5(b). Any such written consent by a Participant's spouse shall be witnessed by a Notary Public unless it is established to the satisfaction of such Committee that such consent is not required as a result of a prior written consent or cannot be obtained because such Participant is not married, because his spouse cannot be located or because of such other circumstances as may be prescribed in any regulations promulgated under Section 417 of the Code."
Rollovers From Qualified Plans. Subject to any and all applicable Treasury regulations, and solely for the purposes of: (1) making a contribution in order to restore Benefit Credits under Section 6.01(E), or (2) making a contribution to the SHARE PLAN pursuant to Section 9.07(B) upon entry or re-entry into the Plan, a member may rollover to this Fund all or part of his or her interest in another qualified plan, provided that the amount rolled-over to this Fund shall not include any amount arising from post-tax contributions to the plan from which the funds are being rolled-over.