Transfers to Other Plans. Subject to such reasonable requirements as the Trustee may impose, the Annuitant may at any time request, in a form deemed satisfactory by the Trustee, that the Trustee:
Transfers to Other Plans. The Plan, if approved in writing by the Plan Sponsor, may be amended or revised to provide for the payment or transfer before the Plan Maturity Date, on the Member's behalf, of any amount to the credit of the Plan to:
(a) a registered retirement savings plan or registered retirement income fund under which the Member is the annuitant, or
(b) a registered retirement savings plan or registered retirement income fund under which the Member's spouse or former spouse is the annuitant on marriage breakdown or the breakdown of a common-law partnership, or
(c) a registered pension plan for the benefit of the Member, provided the provisions of the Income Tax Act (Canada) are satisfied. It is specifically provided, however, that, upon the Member’s or, in the case of a spousal Plan, the spouse of the Member’s ceasing to be an eligible employee of the Plan Sponsor or member of the Group Plan, as the case may be:
(i) no further contributions under the Plan will be accepted by Sun Life after receipt of notice thereof from the Plan Sponsor, and
(ii) the Member shall direct Sun Life in writing to amend the Plan to transfer the amount to the credit of the Plan to another issuer, but should the Member fail to so direct Sun Life within 90 days of the Member’s ceasing, or in the case of a spousal Plan, the spouse of the Member’s ceasing to be an eligible employee of the Plan Sponsor or member of the Group Plan, as the case may be, or such other period as agreed to between the Plan Sponsor and Sun Life, Sun Life shall be entitled, in its sole discretion, to amend the Plan to transfer such amount to an individual retirement savings plan established by Sun Life under another group retirement savings plan under which the Member is the annuitant and for which Sun Life shall apply for registration. The Member hereby appoints Sun Life as its attorney in fact to execute all such documents and make such elections as are necessary to establish and operate the said registered retirement savings plan. Upon such transfer, any proceeds payable on the Member’s death shall become payable to the Member’s estate, unless the Member subsequently designates a beneficiary to receive such proceeds. Any such payment or transfer will be in accordance with the terms of the Policy and the Plan Sponsor may be advised accordingly.
Transfers to Other Plans. The Member may at any time request a qualifying transfer, as defined in the Income Tax Act (Canada), of all or part of the amount to the credit of the Member’s Account to:
(a) a tax-free savings account of which the Member is the holder, or
(b) a tax-free savings account of which the Member's spouse, former spouse, common-law partner, former common-law partner is the holder, on marriage breakdown or the breakdown of a common-law partnership, or on the death of the Member, or
(c) a tax-free savings account of which the Member's survivor is the holder on the death of the Member. In the event of a termination of the Member’s relationship with the Plan Sponsor, the Member shall direct Sun Life to withdraw or transfer the entire amount to the credit of the Member’s Account, but should the Member fail to so direct Sun Life within 90 days of such termination, Sun Life shall be entitled, in its sole discretion, to transfer such amount to an individual tax-free savings account under another group plan established by Sun Life. The Member hereby appoints Sun Life as its attorney in fact to execute all such documents and make such elections as are necessary to establish and operate the said tax-free savings account. Upon such transfer, any proceeds payable on the Member’s death shall become payable to the Member’s estate, unless the Member subsequently designates a beneficiary to receive such proceeds. Any such transfer will be in accordance with the terms of the Policy. The term “survivor” includes any person who is recognized as a spouse or common-law partner of the Member under the Income Tax Act (Canada).
Transfers to Other Plans.
(a) At the election of a Participant, all or a portion of the Participant's Accountbalance may be transferred to another Eligible Deferred Compensation Plan maintained by the Employer or another employer of the Participant. A transfer is permitted under this Section 7.3 for a Participant only under the conditions described in paragraphs (b)(2), (3) and (4) of Section 1.457-10(b) of the Income Tax Regulations (relating to post-severance plan-to-plan transfers, plan-to-plan transfers of all plan assets, and plan-to-plan transfers among eligible governmental plans of the same employer) and provided that the Participant is an employee of the entity that maintains the other Eligible Deferred Compensation Plan. Further, a transfer is permitted under this Section 7.3 only if the other Eligible Deferred Compensation Plan provides for the acceptance of plan-to-plan transfers with respect to the Participants and Beneficiaries and for each Participant and Beneficiary to have an amount deferred under the other plan immediately after the transfer at least equal to the amount transferred, and provided that the transfer is otherwise in accordance with Section 457(e)(10) of the Code and Section 1.457-10(b) of the Income Tax Regulations.
(b) In connection with an Employer withdrawal from participation in the Plan, such Employer may direct the transfer of all Participant Account balances to another Eligible Deferred Compensation Plan, provided that such other plan accepts transfers and the transfer is otherwise in accordance with Section 457(e)(10) of the Code and Section 1.457-10(b) of the Income Tax Regulations.
Transfers to Other Plans. Upon the request of the employer, the trustee will transfer an amount designated by the employer to the trustee or custodian of any other qualified plan under which plan participants are covered.
Transfers to Other Plans. 88 ARTICLE 19: MISCELLANEOUS.......................................................................................88
Transfers to Other Plans. Subject to section 5 below (Rights on Death), no transfer out of Locked-in Funds is permitted other than in accordance with the Pension Rules to:
i) another LIRA owned by You;
ii) an Annuity;
iii) a Prescribed RRIF owned by You;
iv) a Pension Plan in which You are a member, on the conditions referred to in section 32(2)(a) of the Pension Act;
v) subject to the Pension Rules, to a
A. Pooled Retirement Savings Account Contract; or
B. Pooled Retirement Income Account Contract provided that if You are Pension Plan Member and have a Spouse, We receive the applicable Spouse waiver.
Transfers to Other Plans. The Trustee is authorized, upon consent of the Governing Board, and at the request of the Participant, to transfer such Participant’s vested interest which has become distributable under Section 5.1, directly to another qualified plan or Individual Retirement Account for the benefit of such Participant, provided such transfer satisfies the requirements under law for such transfers.
Transfers to Other Plans. Subject to any legal conditions and such reasonable requirements
i) transfer all or certain Assets in the Plan; or
ii) dispose of all or certain of the Assets in the Plan and transfer an amount equal
Transfers to Other Plans.
(a) At the election of a Participant, all or a portion of the Participant's Account balance may be transferred to another Eligible Deferred Compensation Plan maintained by the Employer or another employer of the Participant, provided that such other plan accepts transfers and the transfer is otherwise in accordance with Section 457(e)(10) of the Code and Section 1.457-10(b) of the Income Tax Regulations.
(b) In connection with an Employer withdrawal from participation in the Plan, such Employer may direct the transfer of all Participant Account balances to another Eligible Deferred Compensation Plan, provided that such other plan accepts transfers and the transfer is otherwise in accordance with Section 457(e)(10) of the Code and Section 1.457-10(b) of the Income Tax Regulations.
