Common use of Distributions Under a Qualified Domestic Relations Order Clause in Contracts

Distributions Under a Qualified Domestic Relations Order. Notwithstanding Section 5.2 or any other provision hereof, the Custodian will make payments in accordance with a qualified domestic relations order described in Code Section 414(p). The Employee (or Beneficiary) will have the responsibility for directing the Custodian whether or not to contest, defend against or appeal the issuance of any such order, but the Custodian will have no responsibility to so contest, defend or appeal unless it has been indemnified by the Employee (or Beneficiary) to its satisfaction against its costs, expenses (including attorneys' fees) and other liabilities arising therefrom. Furthermore, the determination as to whether to process a domestic relations order that complies with Code Section 414(p) shall be made by the Custodian or such delegate as the Custodian appoints for this purpose. In any case, the cost of such determination (if any) shall be paid by the Employee from his or her Account.

Distributions Under a Qualified Domestic Relations Order. Notwithstanding Section 5.2 or any other provision hereof, the Custodian will make payments in accordance with a qualified domestic relations order described in Code Section 414(p). The Employee (or Beneficiary) will have the responsibility for directing the Custodian whether or not to contest, defend against or appeal the issuance of any such order, but the Custodian will have no responsibility to so contest, defend or appeal unless it has been indemnified by the Employee (or Beneficiary) to its satisfaction against its costs, expenses (including attorneys' ’ fees) and other liabilities arising therefrom. Furthermore, the determination as to whether to process a domestic relations order that complies with Code Section 414(p) shall be made by the Custodian or such delegate as the Custodian appoints for this purpose. In any case, the cost of such determination (if any) shall be paid by the Employee from his or her Account.