After December. 31, 2001, the elective transfer of distributable benefits will be available only if the direct rollover provisions of Code Section 401(a)(31) would not be available to transfer the Participant's entire Vested Account Balance to the transferee plan. This elective transfer option will only be available in the following circumstances;
Appears in 2 contracts
Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Thomasville Bancshares Inc
After December. 31, 2001, the elective transfer of distributable benefits will be available only if the direct rollover Direct Rollover provisions of Code Section 401(a)(31) would not be available to transfer the Participant's ’s entire Vested Account Balance to the transferee plan. This elective transfer option will only be available in the following circumstances;:
Appears in 2 contracts
Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Savannah Bancorp Inc)
