Examples of Qualified Domestic Relations Order in a sentence
RULE 809.21.On December 20, 2013, the circuit court entered a judgment of divorce providing that Psihoyios would make an equalization payment to his ex-wife, Jane Kettler, “by prompt transfer of $154,350.54 of pretax funds from [Psihoyios’s] Kohler 401(k) account including gains or losses from date of divorce to date of transfer” through a Qualified Domestic Relations Order (QDRO).
Further, if the Company is in receipt of a Qualified Domestic Relations Order with respect to any Participant's Account, it may prohibit such Participant from making a withdrawal, distribution, or loan until the alternate payee's rights under such order are satisfied.
Notwithstanding the foregoing, no withdrawal, distribution, or loan may be made by a Participant during the period in which the Company is making a determination as to whether a Domestic Relations Order affecting the Participant's Account is a Qualified Domestic Relations Order.
In addition, remember to provide Ohio DC with your Divorce Decree and Separation Agreement if a Qualified Domestic Relations Order is not being provided to Ohio DC.
Notwithstanding any other provision of this Plan, distribution from a Participant's Account may be made to an alternate payee under a Qualified Domestic Relations Order at the timespecified in such order even if the Participant to whose account it applied has not yet attained the earliest retirement age as defined by Section 414(p)(B) of the Code, or terminated employment.