Transfer of Interest. Notwithstanding any other provision contained in this Plan, the Trustee at the direction of the Administrator shall transfer the Vested interest, if any, of such Participant in his account to another trust forming part of a pension, profit sharing or stock bonus plan maintained by such Participant's new employer and represented by said employer in writing as meeting the requirements of Code Section 401(a), provided that the trust to which such transfers are made permits the transfer to be made.
Appears in 6 contracts
Samples: Employee Stock Ownership Plan (Atlantic Coast Airlines Inc), Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc), Employee Stock Ownership Plan and Trust Agreement (Allied Capital Corp)
Transfer of Interest. Notwithstanding any other provision contained in this Plan, the Trustee at the direction of the Administrator shall transfer the Vested interest, if any, of such a Participant in his account to another trust forming part of a pension, profit sharing sharing, or stock bonus plan maintained by such Participant's new employer and represented by said employer in writing as meeting that meets the requirements of Code Section 401(a), provided that the trust to which such transfers are made permits the transfer to be made.
Appears in 2 contracts
Samples: Non Standardized 401(k) Profit Sharing Plan (Aceto Corp), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)
Transfer of Interest. Notwithstanding any other provision contained in this Plan, the Trustee at the direction of the Administrator shall transfer the Vested interest, if any, of such a Participant in his account to another trust forming part of a pension, profit sharing sharing, or stock bonus plan maintained by such Participant's new employer and represented by said employer in writing as meeting the requirements of Code Section 401(a), provided that the trust to which such transfers are made permits the transfer to be made.
Appears in 2 contracts
Samples: Adoption Agreement (MSC Software Corp), Adoption Agreement (Baldwin Technology Co Inc)
Transfer of Interest. Notwithstanding any other provision contained in this Plan, the Trustee at the direction of the Administrator shall transfer the Vested interest, if any, of such a Participant in his account to another trust forming part of a pension, profit sharing or stock bonus plan maintained by such Participant's ’s new employer and represented by said employer in writing as meeting the requirements of Code Section 401(a), provided that the trust to which such transfers are made permits the transfer to be made.
Appears in 2 contracts
Samples: 401(k) Plan (Chevron Corp), Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)
Transfer of Interest. Notwithstanding any other provision contained in this Plan, the Trustee Insurer (or Trustee, if applicable) at the direction of the Administrator shall may transfer the Vested interest, if any, of such Participant in his account a Participant’s Account to another trust or Contract forming part of a pension, profit sharing sharing, or stock bonus plan maintained by such Participant's new employer and represented by said employer in writing as meeting the requirements of Code Section 401(a) or 403(a), provided that the trust or Contract to which such transfers are made permits the transfer to be made.
Appears in 1 contract
Transfer of Interest. Notwithstanding any other provision contained in this Plan, the Trustee at the direction of the Administrator shall transfer the Vested interest, if any, of such a Participant in his account to another trust forming part of a pension, profit sharing or stock bonus plan maintained by such Participant's new employer and represented by said employer in writing as meeting the requirements of Code Section 401(a), provided that the trust to which such transfers are made permits the transfer to be made.
Appears in 1 contract
Samples: 401(k) Profit Sharing Plan Agreement (Winton Financial Corp)
Transfer of Interest. Notwithstanding any other provision contained in this Plan, the Trustee at the direction of the Administrator shall transfer the Vested interest, if any, of such Participant in his account to another trust forming part of a pension, profit sharing sharing, or stock bonus plan maintained by such Participant's new employer and represented by said employer in writing as meeting the requirements of Code Section 401(a), provided that the trust to which such transfers are made permits the transfer to be made.
Appears in 1 contract
Samples: Employee Stock Ownership Plan and Trust (Uwharrie Capital Corp)
