Common use of Automatic Rollovers Clause in Contracts

Automatic Rollovers. Do not complete if a selection has been made at Section XVI(F)(1) or (2) above. [x] 1. The Plan shall make automatic rollovers of Vested Account Balances that are greater than $1,000 but are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01. [ ] 2. The Plan shall make automatic rollovers of Vested Account Balances that are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc)

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Automatic Rollovers. Do not complete if a selection has been made at Section XVI(F)(1XVI{F)(1) or (2) above. [x[ ] 1. The Plan shall make automatic rollovers of Vested Account Balances that are greater than $1,000 but are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01. [ ] 2. The Plan shall make automatic rollovers of Vested Account Balances that are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

Automatic Rollovers. Do not complete if a selection has been made at Section XVI(F)(1) or (2) above. [x[ ] 1. The Plan shall make automatic rollovers of Vested Account Balances that are greater than $1,000 but are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01. [ ] 2. The Plan shall make automatic rollovers of Vested Account Balances that are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)

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Automatic Rollovers. Do not complete if a selection has been made at Section XVI(F)(1) or (2) above. [x] ¨ 1. The Plan shall make automatic rollovers of Vested Account Balances that are greater than $1,000 but are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01. [ ] ¨ 2. The Plan shall make automatic rollovers of Vested Account Balances that are not more than $5,000 in accordance with the provisions of Article VI of the Basic Plan Document #01.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (United Community Bancorp)

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