Rollover Plan definition
Examples of Rollover Plan in a sentence
After you check out of the residence hall any remaining Dine In Dollars are transferred to a Rollover Plan and are forfeited after the next long semester.
The Participant who directs Contributions pursuant to a Salary Reduction Agreement with an eligible Employer, who has Employer Contributions contributed on his behalf or who makes a Rollover, Plan to Plan Transfer or Exchange Contribution from another eligible retirement program does thereby agree by signing the Participant Enrollment Form to the terms and provisions of this Custodial Agreement, which is intended to qualify as an eligible funding vehicle under Section 403(b)(7) of the Code.
If a Rollover Participant is not yet eligible to receive payments from the Rollover Plan at the time of the rollover or transfer, he or she is bound by the payout provisions of this Plan.
Rollover Stock Option Plan (the "Rollover Plan") and the award agreement governing Rollover Options to be entered into between BPS and the Executive.
The Committee shall have complete authority and discretion, but no obligation, to allow the Plan to create Deferral Accounts for Rollover Participants and credit such accounts with amounts to reflect the Rollover Participant's deferral account in a Rollover Plan.
Reference in the Plan to such a crediting as a "rollover" or "transfer" of assets from a Rollover Plan is nominal in nature, and confers no additional rights upon a Rollover Participant other than those specifically set forth in the Plan.
The Deferral Account of a Rollover Participant shall be credited with Earnings at the same time and accounted for in the same manner as the Deferral Account of a Participant (regardless of the Rollover Participant's eligibility to participate in the Plan), pro-rated to reflect the date on which the deferral account from a Rollover Plan is transferred into the Plan.
If at the time of rollover or transfer, payments from a Rollover Participant's account in a Rollover Plan have already commenced from a Rollover Plan, he or she shall continue to receive such payments in accordance with the form and timing of payment provisions of such plan.