Policy Regarding Rollover Acceptance Clause Samples
The Policy Regarding Rollover Acceptance defines the terms under which existing contracts or agreements may be extended or renewed for an additional period. Typically, this clause outlines the conditions that must be met for a rollover to occur, such as notification requirements, eligibility criteria, or any changes to terms upon renewal. For example, it may specify that a contract will automatically renew unless either party provides written notice of non-renewal within a set timeframe. The core function of this clause is to provide clarity and predictability for both parties regarding the continuation of their contractual relationship, thereby reducing uncertainty and administrative burden associated with renegotiating terms at the end of each contract period.
Policy Regarding Rollover Acceptance. The Plan Administrator, operationally and on a nondiscriminatory basis, may elect to permit or not to permit Rollover Contributions to this Plan or may elect to limit an Eligible Employee's right or a Participant's right to make a Rollover Contribution. The Plan Administrator also may adopt, amend or terminate any policy regarding the Plan's acceptance of Rollover Contributions.
Policy Regarding Rollover Acceptance. The Plan Administrator, operationally (except as to In-Plan ▇▇▇▇ Rollover Contributions under Section 3.08(E)) and on a nondiscriminatory basis, may elect to permit or not to permit Rollover Contributions to this Plan (even if the Plan is a Frozen Plan) or may elect to limit an Eligible Employee’s right or a Participant’s right to make a Rollover Contribution. The Plan Administrator also may adopt, amend or terminate any policy regarding the Plan’s acceptance of Rollover Contributions. If the Employer in its Adoption Agreement elects to permit In-Plan ▇▇▇▇ Rollover Contributions, the Plan Administrator will administer In-Plan ▇▇▇▇ Rollover Contributions in accordance with Section 3.08(E) and the Employer’s Adoption Agreement elections. The Plan Administrator’s policy shall be subject to the operational capabilities of the Vendor.
Policy Regarding Rollover Acceptance. The Plan Administrator, operationally (except as to In‑Plan ▇▇▇▇ Rollover Contributions under Section 3.08(E)) and on a nondiscriminatory basis, may elect to permit or not to permit Rollover Contributions to this Plan or may elect to limit an Eligible Employee's right or a Participant's right to make a Rollover Contribution. The Plan Administrator also may adopt, amend or terminate any policy regarding the Plan's acceptance of Rollover Contributions. If the Employer in its Adoption Agreement elects to permit In‑Plan ▇▇▇▇ Rollover Contributions, the Plan Administrator will administer In‑Plan ▇▇▇▇ Rollover Contributions in accordance with Section 3.08(E) and the Employer's Adoption Agreement elections.