Common use of DIRECT ROLLOVER OPTION Clause in Contracts

DIRECT ROLLOVER OPTION. To the extent required under Regulations, a Distributee has the right to direct that any portion of his Eligible Rollover Distribution will be directly paid to an Eligible Retirement Plan specified by him that will accept the Eligible Rollover Distribution.

Appears in 15 contracts

Samples: Quanex Corporation Employee Savings Plan (Quanex Corp), Quanex Corporation Employees (Quanex Corp), Quanex Corp

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DIRECT ROLLOVER OPTION. (a) Direct Rollover by Distributee. To the extent required under Regulations, a Distributee has the right to direct that any portion of his Eligible Rollover Distribution will be directly paid to an Eligible Retirement Plan specified by him that will accept the Eligible Rollover Distribution.

Appears in 1 contract

Samples: Agreement (Mens Wearhouse Inc)

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