Examples of QDRO Account in a sentence
An amount will be credited to a QDRO Account as of the date such amount is transferred from the Participant’s Accounts.
Upon the alternate payee’s death, any amounts remaining in the QDRO Account will be distributed to the alternate payee’s Beneficiary (designated by the alternate payee in accordance with Section 7.6(c) and (d)) in a lump sum, or in a combination of a lump sum and an annuity; provided that if the alternate payee’s Beneficiary is his or her estate determined in accordance with Section 7.6(d)(iii), the QDRO Account will be paid only in a lump sum.
Distribution of a QDRO Account shall be made pursuant to the qualified domestic relations order (QDRO) referred to in Section 5.1(e), provided that such order does not conflict with the terms of the Plan.
A Participant shall have a Company Contribution Account, a Company Matching Contribution Account, and an Employee Elective Contribution Account, and, if applicable, an ESOP Employer Contribution Account and/or an ESOP Employee Contribution Account and/or a Rollover Account, and, where appropriate, an Alternate Payee shall have a QDRO Account.
If the value of the Alternate Payee’s QDRO Account balance, as so determined, is $5,000 or less, the Plan shall immediately distribute such QDRO Account balance as soon as practicable.
It is unrealistic to expect all children to like each other all the time.
Thereafter, assets of the QDRO Account will be invested, in accordance with Section 6, as directed by the alternate payee in whose name the QDRO Account has been established.
Any Participant whose Individual Account is comprised of a QDRO Account or a Prior Employer Voluntary Contribution Account may, at any time and in accordance with the policies and procedures then established by the Plan Administrator, request a distribution of all, or a portion of the amounts credited to such QDRO Account and Prior Employer Voluntary Account.
To the extent established in the Qualified Domestic Relations Order, the QDRO Account will participate in the earnings, gains or losses of the Fund in the same manner as a Participant’s Account.
A distribution or segregation into a QDRO Account made pursuant to a Qualified Domestic Relations Order will be charged pro rata against a Participant's Account and its investments, unless the Order provides otherwise, and if the Alternate Payee is the Participant's Spouse or former Spouse, the Participant's investment in the contract, i.e., his basis in the Plan, will be allocated to that distribution or the segregated QDRO Account on a pro rata basis in accordance with Treasury regulations.