Common use of Direct Rollovers Clause in Contracts

Direct Rollovers. This Article 5.9 applies to distributions made on or after January 1, 1993. Notwithstanding any provision of this Agreement 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 Custodian and fund transfer agent, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. For the purpose of this section, the following definitions apply:

Direct Rollovers. This Article 5.9 5.8 applies to distributions made on or after January 1, 1993. Notwithstanding any provision of this Agreement 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 Custodian and fund transfer agent, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. For the purpose of this section, the following definitions apply:

Direct Rollovers. This Article 5.9 applies to distributions made on or after January 1, 1993. Notwithstanding any provision of this Agreement the Plan to the contrary that which would otherwise limit a distributee's election under this sectionArticle 8.18, a distributee distributes may elect, at the time and in the manner prescribed by the Custodian and fund transfer agentPlan Administrator, to have all or any portion of an eligible rollover distribution paid directly in the form of a direct rollover to an any eligible retirement plan specified by the distributee in a direct rolloverdistributes. For the purpose purposes of this sectionArticle 8.18, the following definitions shall apply: