Common use of Xxxx Rollovers Into the Plan Clause in Contracts

Xxxx Rollovers Into the Plan. Notwithstanding Section 6.1 of the Plan, and unless otherwise indicated on the Adoption Agreement, direct rollovers of Xxxx 403(b) Contributions and Xxxx 401(k) contributions and earnings thereon from another 403(b) plan with Xxxx contribution features, or from a 401(k) Plan with Xxxx contribution features are permitted, provided that the Funding Vehicles selected by a Participant will accept such Xxxx Rollovers. Direct rollovers shall only be permitted if the transmitting plan satisfies the conditions set forth in section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of section 402(c) of the Code.

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

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Xxxx Rollovers Into the Plan. Notwithstanding Section 6.1 6 of the Plan, and unless otherwise indicated on authorized in the Adoption Agreement, direct rollovers of Xxxx 403(b) Contributions and Xxxx 401(k) contributions and earnings thereon from another 403(b) plan with Xxxx contribution features, or from a 401(k) Plan with Xxxx contribution features are permitted, provided that the Funding Vehicles selected by a Participant will accept such Xxxx Rollovers. Direct rollovers shall only be permitted if the transmitting plan satisfies the conditions set forth in section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of section 402(c) of the Code.

Appears in 1 contract

Samples: Adoption Agreement

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Xxxx Rollovers Into the Plan. Notwithstanding Section 6.1 3.6 of the Plan, and unless otherwise indicated on the Adoption Agreement, direct rollovers of Xxxx 403(b457(b) Contributions and Xxxx 401(k) contributions and earnings thereon from another 403(b457(b) plan with Xxxx contribution features, 457(b) Contribution features or from a Xxxx 401(k) Plan plan with Xxxx contribution features are permitted, provided that the Funding Vehicles selected by a Participant will accept such Xxxx Rollovers457(b) and/or 401(k) rollovers. Direct rollovers shall only be permitted if the transmitting plan satisfies the conditions set forth in section 402A(e)(1Section 402A (e)(1) of the Code and only to the extent the rollover is permitted under the rules of section Section 402(c) of the Code.

Appears in 1 contract

Samples: www.sd5.k12.mt.us

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