Examples of Rollover Account in a sentence
Select one of the following account types: Coverdell Education Savings Account (CESA) For Tax Year Rollover Account – specify the type of rollover: Account Holder’s CESA to Account Holder’s CESA Qualifying Family Member’s CESA to Account Holder’s CESA Transfer Account – a direct transfer from current CESA custodian.
Amounts in a Participant's Rollover Account shall be held by the Trustee (or Insurer) pursuant to the provisions of this Plan and may not be withdrawn by, or distributed to the Participant, in whole or in part, except as elected in the Adoption Agreement and Subsection (c) below.
For purposes of determining whether the $1,000 threshold set forth in this paragraph is met, the mandatory distribution includes amounts in a Participant's Rollover Account.
For purposes of determining whether the $5,000 threshold in this paragraph is met, a Participant's Rollover Account is taken into account unless otherwise elected in the Adoption Agreement.
At such time as the conditions set forth in the Adoption Agreement have been satisfied, the Administrator, at the election of the Participant, shall direct the distribution of up to the entire amount credited to the Rollover Account maintained on behalf of such Participant.