Rollover Contributions Sample Clauses

Rollover Contributions. Unless elected otherwise in the Adoption Agreement, a Participant/Employee may make a Rollover Contribution to a Defined Contribution Plan established hereunder of all or any part of an amount distributed or distributable to him or her from a Qualified Plan or an individual retirement account (IRA) qualified under Code Section 408 where the IRA was used as a conduit from a Qualified Plan provided: (a) the amount distributed to the Participant/Employee is deposited to the Plan no later than the sixtieth day after such distribution was received by the Participant/Employee, (b) the amount distributed is not one of a series of substantially equal periodic payments made for the life (or life expectancy) of the Participant/Employee or the joint lives (or joint life expectancies) of the Participant/Employee and the Participant’s/Employee’s Beneficiary, or for a specified period of ten (10) years or more, (c) the amount distributed is not a required minimum distribution under Code Section 401(a)(9), (d) if the amount distributed included property, such property is rolled over only upon the Trustee, Custodian and/or Employer’s approval, or if sold, the proceeds of such property may be rolled over, (e) the amount distributed would otherwise be includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to Employer securities), and (f) unless otherwise elected in the Adoption Agreement, the amount rolled over does not include any amounts contributed on an after-tax basis by the Participant to the Qualified Plan. (g) If elected by the Employer in the Adoption Agreement, the Plan will accept Participant Rollover Contributions and/or Direct Rollovers of distributions made after December 31, 2001, from the types of plans specified in the Adoption Agreement. (h) The Plan Administrator shall be held solely responsible for determining the tax-free status of any Rollover Contribution made to this Plan, and the Trustee and/or Custodian shall have no responsibility for any such determination. (i) A Participant or an Employee may arrange for the direct transfer of his or her entire benefit from another Qualified Plan to the Plan established hereunder. Such transfer shall be made for any reason and may be in cash and/or in-kind. The Employer, the Trustee and/or Custodian, if applicable, in their sole discretion shall have the right to refuse to accept a transfer for any reason including but not limited to the following reas...

Rollover Contributions. A Participant while an Employee may contribute to the Plan money that qualifies for such a rollover under the provisions of sections 402(c)(5) or 403(a)(4) or (5) of the Code or that qualifies as a rollover contribution under section 408(d)(3) of the Code; provided however, no amounts constituting accumulated deductible employee contributions, as defined in section 72(o)(5) of the Code, may be so contributed. Effective May 1, 2004, the Plan will accept rollovers in any amount. Any rollover contribution shall be credited to such Participant’s Rollover Account as of the Accounting Date coinciding with or next following the Trustee’s receipt thereof. The Plan will accept Participant rollover contributions and/or direct rollovers of distributions made after June 30, 2002, from (a) a qualified plan described in sections 401(a) or 403(a) of the Code, excluding after-tax employee contributions; (b) an annuity contract described in section 403(b) of the Code, excluding after-tax employee contributions; and (c) an eligible plan under section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state. The Plan will not accept a Participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in sections 408(a) or 408(b) of the Code that is eligible to be rolled over and would otherwise be includible in gross income (including an after-tax contribution). If any amount received as a rollover contribution is determined not to qualify for a rollover, then such amount (adjusted for any gain or loss) shall be returned to the Participant as soon as practical.

Rollover Contributions. The Custodian will accept for the Depositor’s Custodial Account in a form and manner acceptable to the Custodian, all rollover contributions, from other ▇▇▇▇ IRAs which consist of cash, and it may, but shall be under no obligation to accept all or any part of any other property permitted as an investment under Code Section 408A. Rollover contributions to a ▇▇▇▇ ▇▇▇ cannot be made from employer sponsored tax qualified plans. The Depositor (or the Depositor’s Authorized Agent) shall designate each ▇▇▇▇ ▇▇▇ rollover contribution as such to the Custodian, and by such designation shall confirm to the Custodian that a proposed ▇▇▇▇ ▇▇▇ rollover contribution qualifies as a rollover contribution within the meaning of Section 408A(c)(3)(B), 408A(c)(6) and 408A(e) of the Code. The Depositor (or the Depositor’s Authorized Agent) shall provide any information the Custodian may require to properly allocate ▇▇▇▇ ▇▇▇ rollover contributions to the Depositor’s Account(s). Submission by or on behalf of a Depositor of a rollover contribution consisting of assets other than cash or property permitted as an investment under this Article IX shall be deemed to be the instruction of the Depositor to the Custodian that, if such rollover contribution is accepted, the Custodian will use its best efforts to sell those assets for the Depositor’s Account, and to invest the proceeds of any such sale in accordance with Section 3. The Custodian shall not be liable to anyone for any loss resulting from such sale or delay in effecting such sale; or for any loss of income or appreciation with respect to the proceeds thereof after such sale and prior to investment pursuant to Section 3; or for any failure to effect such sale if such property proves not readily marketable in the ordinary course of business. All brokerage and other costs incidental to the sale or attempted sale of such property will be charged to the Custodial Account in accordance with Article IX, Section 19. In the case of a distribution from a ▇▇▇▇ ▇▇▇, such distribution qualifies as a rollover contribution provided it is deposited timely to another ▇▇▇▇ ▇▇▇ and otherwise satisfies the requirements of Section 408(d)(3) of the Code for a rollover contribution. For purposes of the Five Year Period as defined in Article IX, Section 12 below, a ▇▇▇▇ ▇▇▇ established with a rollover contribution will be deemed to be established on January 1 of the year in which such rollover contribution is credited by the Custodian to the Deposit...

Rollover Contributions. Generally, a rollover is a movement of cash or assets from one retirement plan to another. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. ▇▇▇▇ ▇▇▇-to-▇▇▇▇ ▇▇▇ Rollover. You may withdraw, tax free, all or a portion of your ▇▇▇▇ ▇▇▇ if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another ▇▇▇▇ ▇▇▇ as a rollover. Only one ▇▇▇ distribution within any 12-month period may be rolled over in an ▇▇▇-to-▇▇▇ rollover transaction. The 12-month waiting period begins on the date you receive an ▇▇▇ distribution that you subsequently roll over, not on the date you complete the rollover transaction. Amounts withdrawn (including any amounts withheld for federal, state, or other income taxes that you did not receive) that are not rolled over will be treated as a distribution from the ▇▇▇▇ ▇▇▇ and may be subject to tax and/or early distribution penalty. Employer Retirement Plan-to-▇▇▇▇ ▇▇▇ Rollover (by ▇▇▇▇ ▇▇▇ Owner). Eligible rollover distributions consisting of ▇▇▇▇ 401(k), ▇▇▇▇ 403(b), or ▇▇▇▇ 457(b) assets may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇. You are solely responsible for tracking the taxable and nontaxable amounts of the assets rolled over. If you roll over a nonqualified distribution from a ▇▇▇▇ 401(k), ▇▇▇▇ 403(b) or ▇▇▇▇ 457(b) to a ▇▇▇▇ ▇▇▇, the portion of the distribution that constitutes the contribution basis is treated as basis in your ▇▇▇▇ ▇▇▇. If you roll over a qualified distribution from a ▇▇▇▇ 401(k), ▇▇▇▇ 403(b) or ▇▇▇▇ 457(b), the entire amount of the rollover contribution is considered basis in the ▇▇▇▇ ▇▇▇. Required minimum distributions may not be rolled over. Eligible rollover distributions consisting of pre-tax and after-tax assets from qualifying employer retirement plans may be rolled over, directly or indirectly, to your ▇▇▇▇ ▇▇▇, if you meet applicable eligibility requirements defined in the Internal Revenue Code or regulations. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements, and 403(a) arrangements. Amounts rolled over from an employer plan to a ▇▇▇▇ ▇▇▇ (other than amounts distributed from a designated ▇▇▇▇ account) are generally treated as taxable distributions from your employer retirement plan (except for amounts representing a...

Rollover Contributions. (i) If directed by the Depositor, the Custodian shall open and maintain a separate Account for each rollover contribution described in Section 402(c), 403(a)(4), 403(b)(8), 408(d)(3), or 457(e)(16) of the Code, or any other applicable section of the Code. (ii) If a Depositor desires to roll over or transfer assets other than cash to his or her ▇▇▇, the Custodian shall accept such assets only if they are compatible with the Custodian’s administrative or operational requirements and regular business practices. Unless otherwise directed by the Participant, any rollover contribution made by a Participant may be combined with any other of the Participant’s Accounts and further contributions may be made to that Account.

Rollover Contributions. A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. ▇▇ one, you contribute amounts distributed to you from one IRA ▇▇ another IRA. ▇▇th the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. ▇ rollover is an allowable IRA ▇▇▇tribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA ▇▇ your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. ▇▇e portion you contribute to your IRA ▇▇▇l not be taxable to you until you withdraw it from the IRA. ▇▇ur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. ▇▇ you elect, instead, to receive the distribution, you must deposit it into the IRA ▇▇▇hin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA ▇▇▇ been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA ▇▇ a new employer's plan if such plan permits rollovers. Your IRA ▇▇▇ld then serve as a conduit for those assets. However, you may later roll those IRA ▇▇▇ds into a new employer's plan only if you make no further contributions to that IRA, ▇▇ commingle the IRA ▇▇▇lover funds with existing IRA ▇▇▇ets.

Rollover Contributions. Generally, a rollover is a movement of cash or assets from one retirement plan to another. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. IRA-to-▇▇▇ ▇▇▇▇▇▇▇▇. You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rollover. To complete a rollover of a SIMPLE IRA distribution to your Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA Plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not the date you complete the rollover transaction. Employer Retirement Plan-to-IRA Rollover (by IRA Owner). Eligible distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) assets. Conduit IRA. You may use your IRA as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer's retirement plan. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan to take advantage of special tax rules available for certain qualified plan distribution amounts. Consult your tax advisor for additional information. Employer Retirement Plan-to-IRA Rollover (by Inherited IRA Owner). Please refer to the section of this document entitled “Inherited IRA”. IRA-to-Employer Retirement Plan...

Rollover Contributions. 1. The Plan does not accept Rollover Contributions. 2. Participants may make Rollover Contributions after meeting the eligibility requirements for participation in the Plan. 3. Employees may make Rollover Contributions prior to meeting the eligibility requirements for participation in the Plan.

Rollover Contributions. If so indicated in the Adoption Agreement, an Employee may contribute a rollover contribution to the Plan. The Plan Administrator may require the Employee to submit a written certification that the contribution qualifies as a rollover contribution under the applicable provisions of the Code. If it is later determined that all or part of a rollover contribution was ineligible to be rolled into the Plan, the Plan Administrator shall direct that any ineligible amounts, plus earnings attributable thereto, be distributed from the Plan to the Employee as soon as administratively feasible. A separate account shall be maintained by the Plan Administrator for each Employee's rollover contributions which will be nonforfeitable at all times. Such account will share in the income and gains and losses of the Fund in the manner described in Section 4.03 and shall be subject to the Plan's provisions governing distributions. The Employer may, in a uniform and nondiscriminatory manner, only allow Employees who have become Participants in the Plan to make rollover contributions.