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

Samples: Aironet Wireless Communications Inc, Telxon Corp

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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 SectionArticle, a distributee may elect, at the time and in the manner prescribed by the Plan Administratorplan 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

Samples: Savings and Protection Plan (Petroleum Development 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

Samples: 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

Samples: New England Funds Trust I

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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

Samples: WHX Corp

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