DRO Defined Sample Clauses
The "DRO Defined" clause establishes the precise meaning of the term "DRO" as it is used throughout the agreement. Typically, this clause will specify whether "DRO" refers to a particular document, role, or entity, and may include details such as the full name, scope, or responsibilities associated with the term. By clearly defining "DRO" at the outset, the clause ensures that all parties have a shared understanding, thereby reducing ambiguity and preventing potential disputes over interpretation.
DRO Defined. A domestic relations order is any judgment, decree or order (including an approval of a property settlement agreement) which relates to the provision of child support, alimony payments, or marital property rights to a spouse, former spouse, child or other dependent of a Participant and which is made pursuant to a state domestic relations law (including a community property law).