Transfer of Account Because of Divorce Sample Clauses

Transfer of Account Because of Divorce. In the event the Participant and the Spouse obtain a separation instrument, a final decree of divorce or dissolution of their marriage, the Participant may direct the Custodian, in accordance with the Custodian’s procedures, to transfer the appropriate portion of the assets in the Participant’s Account to the former Spouse’s IRA. It will be the Participant’s, and not the Custodian’s, responsibility to ensure that the transfer instructions are in accordance with the terms of the decree of divorce, separation or dissolution of marriage.
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Transfer of Account Because of Divorce. Notwithstanding Article IX, in the event the Participant and the Participant’s spouse obtain a separation instrument, a final decree of divorce or dissolution of their marriage, the Participant may direct the Custodian in accordance with the Custodian’s procedures and using a form acceptable to the Custodian to transfer the appro- priate portion of the assets in the Participant’s Account to the Participant’s former spouse’s SIMPLE XXX, provided the transfer is in accordance with the final decree of divorce, separation or the dissolution of marriage. It will be the Participant’s responsibility, and not the Custodian’s, to ensure that the transfer instructions are in accordance with the terms of the decree of divorce, separation or dissolution of marriage
Sample 1
Transfer of Account Because of Divorce. Notwithstanding Article X, in the event the Participant and the Participant’s spouse obtain a separation instrument, a final decree of divorce or dissolution of their marriage, the Participant may direct the Custodian in accordance with the Custodian’s procedures and using a form acceptable to the Custodian to transfer the appropri- ate portion of the assets in the Participant’s Account to the Partici- pant’s former spouse’s Xxxx XXX, provided the transfer is in accor- dance with the final decree of divorce, separation or the dissolution of marriage. It will be the Participant’s responsibility, and not the Custodian’s, to ensure that the transfer instructions are in accor- dance with the terms of the decree of divorce, separation or disso- lution of marriage.
Sample 1
Transfer of Account Because of Divorce. Notwithstanding Article 9, in the event the Participant and the Participant’s spouse obtain a separation instrument, a final decree of divorce or dissolution of their marriage, the Participant may direct the Custodian in accordance with the Custodian’s procedures and using a form acceptable to the Custodian to transfer the appropriate portion of the assets in the Participant’s Account to the Participant’s former spouse’s XXX, provided the transfer is in accordance with the final decree of divorce, separation or the dissolution of marriage. It will be the Participant’s, and not the Custodian’s, responsibility to ensure that the transfer instructions are in accordance with the terms of the decree of divorce, separation or dissolution of marriage.
Sample 1

Related to Transfer of Account Because of Divorce

  • Transfer of Business Where a transfer of business occurs, an Employee who worked with the old employer and who continues in the service of the new employer will be entitled to count her/his service with the old employer as service with the new employer for the purposes of this clause.

  • Transfer of Funds From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank or broker-dealer as the Trust may designate.

  • Transfer of Ownership Trust..........................................................

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