Common use of Rollovers to Account Clause in Contracts

Rollovers to Account. The Custodian will accept cash rollover contributions from the Employee provided such amount constitutes a rollover amount under Code Section 403(b)(8), an eligible rollover distribution under Code Section 402(c)(4), a rollover amount under Code Section 457(e)(16), or a rollover contribution under Code Section 408(d)(3)(A) (or other applicable Code section). Notwithstanding the foregoing, rollovers of amounts that include after-tax employee contributions or designated Xxxx contributions are not permitted. No rollovers to the Account shall be accepted by the Custodian or Fund Distributor on and after the date such Fund Distributor no longer makes its Funds available for rollovers to this 403(b) Custodial Account.