Common use of 457 Plan Clause in Contracts

457 Plan. The Alternate Payee will receive the following amount of the Member’s account in an account in the Alternate Payee’s name. (a) The Alternate Payee is awarded $ from the Member's account balance as of _ , [insert date] combined with any pro rata earnings or losses on said amount from said date through the date of distribution to the Alternate Payee’s Account. (b) The Alternate Payee is awarded _ % of the Member's account balance as of , [insert date] combined with any pro rata earnings or losses on the calculated amount from said date through the date of distribution to the Alternate Payee’s Account.

Appears in 1 contract

Sources: Agreement for the Division of Pension Benefits

457 Plan. The Alternate Payee will receive the following amount of the Member’s account in an account in the Alternate Payee’s name.: (a) The Alternate Payee is awarded $ from the Member's account balance as of _ , [insert date] combined with any pro rata earnings or losses on said amount from said date through the date of distribution to the Alternate Payee’s Account. (b) The Alternate Payee is awarded _ % of the Member's account balance as of , [insert date] combined with any pro rata earnings or losses on the calculated amount from said date through the date of distribution to the Alternate Payee’s Account.

Appears in 1 contract

Sources: Agreement for the Division of Pension Benefits

457 Plan. The Alternate Payee will receive the following amount of the Member’s account in an account in the Alternate Payee’s name.: (a) The Alternate Payee is awarded $ from the Member's account balance as of _ , [insert date] combined with any pro rata earnings or losses on said amount from said date through the date of distribution to the Alternate Payee’s Account. (b) The Alternate Payee is awarded _ % of the Member's account balance as of , [insert date] combined with any pro rata earnings or losses on the calculated amount from said date through the date of distribution to the Alternate Payee’s Account.

Appears in 1 contract

Sources: Agreement for the Division of Pension Benefits