Common use of Pre-Participation Transfers Clause in Contracts

Pre-Participation Transfers. The Trustee under this Section 11.06 may accept a Transfer of plan assets on behalf of an Employee prior to the date the Employee satisfies the Plan’s eligibility conditions or prior to reaching Defined Contribution Prototype Plan the Entry Date. If the Trustee accepts such a direct Transfer of plan assets, the Plan Administrator and the Trustee must treat the Employee as a limited Participant as described in Section 3.08(C).

Appears in 1 contract

Samples: Adoption Agreement (Knowles Corp)

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Pre-Participation Transfers. The Trustee under this Section 11.06 may accept a Transfer of plan assets on behalf of an Employee prior to the date the Employee satisfies the Plan’s 's eligibility conditions or prior to reaching Defined Contribution Prototype Plan the Entry Date. If the Trustee accepts such a direct Transfer of plan assets, the Plan Administrator and the Trustee must treat the Employee as a limited Participant as described in Section 3.08(C).

Appears in 1 contract

Samples: Participation Agreement (Nci Building Systems Inc)

Pre-Participation Transfers. The Trustee under this Section 11.06 may accept a Transfer of plan assets on behalf of an Employee prior to the date the Employee satisfies the Plan’s 's eligibility conditions or prior to reaching Defined Contribution Prototype Plan the Entry Date. If the Trustee accepts such a direct Transfer of plan assets, the Plan Administrator and the Trustee must treat the Employee as a limited Participant as described in Section 3.08(C).. Defined Contribution Prototype and Volume Submitter Plan ARTICLE XII MULTIPLE EMPLOYER PLAN [VOLUME SUBMITTER ONLY]

Appears in 1 contract

Samples: Plan and Trust Agreement (Finisar Corp)

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Pre-Participation Transfers. The Trustee Trustee, at the direction of the Plan Administrator, under this Section 11.06 may accept a Transfer of plan assets on behalf of an Employee prior to the date the Employee satisfies the Plan’s 's eligibility conditions or prior to reaching Defined Contribution Prototype Plan the Entry Date. If the Trustee accepts such a direct Transfer of plan assets, the Plan Administrator and the Trustee must treat the Employee as a limited Participant as described in Section 3.08(C).

Appears in 1 contract

Samples: Plan and Trust Agreement (Bob Evans Farms Inc)

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