Signatureless Qualified Domestic Relations Orders Sample Clauses

Signatureless Qualified Domestic Relations Orders. Plan Sponsor’s approved model form of QDRO for the Plan is attached to this Schedule. Plan Sponsor Directs and authorizes Empower to treat as qualified each QDRO received by Empower in good order using the model QDRO form, or a form that is similar in all material respects to the model QDRO form. Plan Sponsor Directs Empower to process the QDRO, without Plan Sponsor’s further approval, by establishing a separate account for the alternate payee or making a lump sum distribution to the alternate payee. Plan Sponsor Directs Empower to send a copy of each QDROconfirmation or rejection letter to Plan Sponsor. Plan Sponsor f urther Directs Empower to process, without Plan Sponsor’s f urther approval, all requests, received in good order and in a manner acceptable to Empower, f or distributions f rom alternate payee accounts established before or af ter the Schedule Effective Date. Plan Sponsor Directs Empower to calculate any alternate payee’s QDROamount based solely on the Participant’s account records on Empower’s recordkeeping system, and to reject any QDRO that specifies a valuation date prior to the Schedule Effective Date. Plan Sponsor f urther Directs Empower to process, without the Plan Sponsor’s f urther approval, distribution requests received in good order and in a manner acceptable to Empower, with respect to alternate payee accounts established before the Schedule Effective Date pursuant to QDROs previously processed by Empower. The Plan Sponsor Directs Empower to calculate any alternate payee’s QDRO amount based solely on the Participant’s account records on Empower’s recordkeeping system, and to reject any QDRO that specifies a valuation date prior to the Schedule Effective Date. Plan Sponsor agrees to make determinations with respect to any orders received that are not materially similar to the model QDRO form for reasons other than the inclusion of a valuation date that precedes the Schedule Effective Date.
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Related to Signatureless Qualified Domestic Relations Orders

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Definitions For purposes of this Agreement:

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

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