Rollovers count Clause Samples
The "Rollovers count" clause defines how extensions or automatic renewals of an agreement are treated for the purposes of calculating time periods or obligations. In practice, this clause specifies whether periods that are extended due to rollovers are included in the total contract duration, which can affect rights such as termination, notice periods, or cumulative limits. Its core function is to provide clarity on how repeated renewals impact the parties' obligations, preventing disputes over whether extended terms should be considered as part of the original agreement.
Rollovers count. The Plan Administrator, in determining whether a Mandatory Distribution is greater than $1,000 for purposes of this Section 6.08(D), will include the portion of the Participant's distribution attributable to any Rollover Contribution, regardless of the Employer's Adoption Agreement election to include or exclude Rollover Contributions in determining a Mandatory Distribution.