Direct Rollover. With respect to any cash payment in excess of $200 hereunder which constitutes an Eligible Rollover Distribution, a Distributee may direct the Administrator to have such payment (other than from a Post-Tax Account) paid in the form of a Trustee Transfer, in accordance with the procedure established by the responsible Named Fiduciary, provided the responsible Named Fiduciary receives written Notice of such direction with specific instructions as to the Eligible Retirement Plan on or prior to the applicable Sweep Date for payment. If the Participant does not transfer all of such payment, the minimum amount which can be transferred is $500.
Appears in 2 contracts
Samples: Adoption Agreement (Pepsiamericas Inc/Il/), Custodial Agreement (Pepsiamericas Inc/Il/)
Direct Rollover. With respect to any cash payment in excess of $200 hereunder which constitutes an Eligible Rollover Distribution, a Distributee may direct the Administrator to have such payment (other than from a Post-Tax Account) paid in the form of a Trustee Transfer, in accordance with the procedure procedures established by the responsible Named FiduciaryAdministrator, provided the responsible Named Fiduciary receives written Notice notice of such direction with specific instructions as to the Eligible Retirement Plan on or prior to the applicable Sweep Date for payment. If the Participant does not transfer all of such payment, the minimum amount which can be transferred is $500.
Appears in 2 contracts
Samples: Adoption Agreement (Pepsiamericas Inc/Il/), Custodial Agreement (Pepsiamericas Inc/Il/)
Direct Rollover. With respect to any cash payment in excess of $200 hereunder which constitutes an Eligible Rollover Distribution, a Distributee may direct the Administrator to have such payment (other than from a Post-Tax Account) paid in the form of a Trustee Transfer, in accordance with the procedure established by the responsible Named Fiduciary, provided the responsible Named Fiduciary receives written Notice notice of such direction with specific instructions as to the Eligible Retirement Plan on or prior to the applicable Sweep Date for payment. If the Participant does not transfer all of such payment, the minimum amount which can be transferred is $500.
Appears in 2 contracts
Samples: Custodial Agreement (Pepsiamericas Inc/Il/), Custodial Agreement (Pepsiamericas Inc/Il/)
Direct Rollover. With respect to any cash payment in excess of $200 hereunder which constitutes an Eligible Rollover Distribution, a Distributee may direct the Administrator to have such payment (other than from a Post-Tax Account) paid in the form of a Trustee Transfer, in accordance with the procedure procedures established by the responsible Named FiduciaryAdministrator, provided the responsible Named Fiduciary receives written Notice notice of such direction with specific instructions as to the Eligible Retirement Plan on or prior to the applicable Sweep Date for payment. If the Participant does not transfer all of such payment, the minimum amount which can be transferred is $500.
Appears in 2 contracts
Samples: Custodial Agreement (Pepsiamericas Inc/Il/), Custodial Agreement (Pepsiamericas Inc/Il/)