Rollover Accounts definition
Examples of Rollover Accounts in a sentence
The Committee shall direct the Trustee to make a distribution to a Participant of the amount which such Participant is eligible to withdraw, and the amount of such withdrawal shall be charged by the Committee against the Salary Deferral or Rollover Accounts of the Participant.
A Participant may apply for a hardship withdrawal from the Participant's Deferred Compensation and Rollover Accounts.
Effective November 29, 1994, Prior Plan Accounts are terminated and the balances therein are transferred to the Members’ Rollover Accounts.
The following requirements must be satisfied to receive an in-service distribution from Rollover Accounts and Voluntary Contribution Accounts.
The Adopting Employer is providing Rollover Accounts under The Annuity Supplement in accordance with Section 4.09 of the Plan as indicated by the election to this Adoption Agreement below.
Upon a transfer by an Employee who is not a Participant hereunder, his or her Rollover Accounts shall represent his or her sole interest in the Plan until he or she becomes a Participant.
For this purpose, Rollover Accounts will be taken into account in determining whether a vested Account balance is $1,000 or less.
Distributions from Rollover Accounts may be made to Participants prior to separation from service, pursuant to Sections 5.10 and 6.10.
The Participant's Rollover Accounts shall be distributed at the same time and in the same manner as the Participant elects for his regular account, however, the Rollover Accounts shall be subject to any applicable penalties under the Code.
As is more particularly described in the Plan, the Trustee, as directed by the Committee, may invest any portion of the Trust other than Vested Rollover Accounts and Salary Reduction Contribution Accounts in Qualifying Employer Securities.