Common use of Transfers to State Defined Benefit Plan Clause in Contracts

Transfers to State Defined Benefit Plan. (a) A Participant may, if the conditions outlined in section 5.10(b) are satisfied and if permitted under the Employer’s 403(b) Plan, transfer amounts from this Custodial Account to an eligible governmental defined benefit plan of a state. A transfer under this section is not treated as a distribution and therefore may be made prior to severance from employment or any other distributable event.

Transfers to State Defined Benefit Plan. (a) A Participant may, if the conditions outlined in section 5.10(b) are satisfied and if permitted under the Employer’s 403(b) Plan, may transfer amounts from this Custodial Account to an eligible governmental defined benefit plan of a state. A transfer under this section is not treated as a distribution and therefore may be made prior to severance from employment or any other distributable event.

Transfers to State Defined Benefit Plan. (a) A Participant Participant, may, if the conditions outlined in section 5.10(b5.8(b) are satisfied and if permitted under the Employer’s 403(b) Plansatisfied, transfer amounts from this Custodial Account Plan to an eligible governmental defined benefit plan of a state. A transfer under this section is not treated as a distribution and therefore may be made prior to severance from employment or any other distributable event.