Rollover Account definition
Examples of Rollover Account in a sentence
Amounts deposited from time to time into the Rollover Account pursuant to this Section 6.6.1 are referred to herein as the “Rollover Funds”.
A rollover contribution or transfer shall be maintained in a Participant's Rollover Account, provided that the Committee shall maintain a separate accounting for the amount transferred and its share of the income.
A Participant may take withdrawals from the Rollover Account at such time as the Committee shall designate, but not more than quarterly during a Plan Year, provided that no single withdrawal shall be less than the total amount available for withdrawal or five hundred dollars ($500) whichever is less.
A rollover contribution or transfer shall be maintained in a Participant's Rollover Account and Transfer Account, respectively.
Contributions described in this paragraph shall be posted to the applicable Employee's Rollover Account as of the date received by the Trustee.