Common use of Exception for Certain Payments Clause in Contracts

Exception for Certain Payments. A Domestic Relations Order shall not be treated as failing to meet the requirements above solely because such order requires that payment of benefits be made to an Alternate Payee a. on or after the date on which the Participant attains (or would have attained) the earliest retirement age as defined in Section 414(p)(4)(B) of the Code,

Appears in 1 contract

Sources: Retirement Plan Document (Merchants & Manufacturers Bancorporation Inc)

Exception for Certain Payments. A Domestic Relations Order shall not be treated as failing to meet the requirements above solely because such order requires that payment of benefits be made to an Alternate Payee a. 1. on or after the date on which the Participant attains (or would have attained) the earliest retirement age as defined in Code Section 414(p)(4)(B) of the Code),

Appears in 1 contract

Sources: Comprehensive 401(k) Profit Sharing Plan Nonstandardized Adoption Agreement (Kimball Electronics, Inc.)