Common use of Direct Rollover Clause in Contracts

Direct Rollover. (a) This Section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this Section, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 2 contracts

Sources: Retirement & Profit Sharing Plan (Aironet Wireless Communications Inc), Retirement & Profit Sharing Plan (Telxon Corp)

Direct Rollover. (a) 22.1 This Section Article applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this SectionArticle, a distributee may elect, at the time and in the manner prescribed by the Plan AdministratorAdministrative Committee, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 1 contract

Sources: Employees' Savings, Investment and Profit Sharing Plan (Revlon Inc /De/)

Direct Rollover. (a) APPLICABILITY. This Section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this SectionArticle, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 1 contract

Sources: 401(k) Retirement Plan Adoption Agreement (WHX Corp)

Direct Rollover. (a) This Section section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this Sectionsection, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution provided for in this Plan paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 1 contract

Sources: Employee Savings Plan (Amoco Corp)

Direct Rollover. (aA) This Section applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this Section, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

Appears in 1 contract

Sources: Tax Sheltered Custodial Account Agreement (New England Funds Trust I)

Direct Rollover. (a) 22.1 This Section Article applies to distributions made on or after January 1, 1993. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this SectionArticle, a distributee distributed may elect, at the time and in the manner prescribed by the Plan AdministratorAdministrative Committee, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee distributed in a direct rollover.

Appears in 1 contract

Sources: Employee Retirement Plan (Cosmetic Center Inc)