Transferee Plan definition
Examples of Transferee Plan in a sentence
In accordance with subsection 146.1(6.1) of the Tax Act, any registered education savings plan receiving a transfer will be deemed to have been entered into on the day that is the earlier of the day on which the registered education savings plan receiving the transfer (the "Transferee Plan") was entered into, and the day on which the registered education savings plan from which the transfer was made (the "Transferor Plan") was entered into.
Each Subscriber under the Transferor Plan will be deemed to be a Subscriber under the Transferee Plan for the purposes of the over contribution tax payable as a result of a transfer, in accordance with subsections 204.9(5) and 204.91(1) of the Tax Act.
This Plan is not subject to the Qualified Joint and Survivor Annuity rules, except to the extent required under Section 9.01 of the Plan (e.g., if the Plan is a Transferee Plan).
As of June 1, 2010, the B&W Transferee Plan shall commence making the required benefit payments.
Following the determination of the Initial Transfer Amount by MI, MI shall cause to be transferred from the ▇▇▇▇▇▇▇▇▇ Pension Plan to the B&W Transferee Plan assets having an aggregate Value (as defined below) equal to the Initial Transfer Amount.
A ▇▇▇▇▇▇▇▇▇ Employee or Former ▇▇▇▇▇▇▇▇▇ Employee shall not accrue benefits under the B&W Transferee Plan, unless such ▇▇▇▇▇▇▇▇▇ Employee or Former ▇▇▇▇▇▇▇▇▇ Employee shall become employed by any member of the B&W Group that participates in the B&W Transferee Plan.
With respect to withdrawals from a Transferee Plan or a Money Purchase Plan, such withdrawals will be subject to the spousal consent requirements of Section 7.7(b).
Except to the extent provided in applicable regulations, any rollover contribution, or similar transfer, initiated by the Employee and made after December 31, 1983, to a Plan shall not be taken into account with respect to the Transferee Plan for purposes of determining whether such Plan is a Top-Heavy Plan, or whether any aggregation group which includes such Plan is a Top-Heavy group.
Notwithstanding anything contained herein to the contrary, in no event shall such transfer take place until the Purchaser furnishes to Seller a favorable determination letter from the Internal Revenue Service with respect to the qualification of the Purchaser Transferee Plan under Section 401(a) of the Code.
Notwithstanding the foregoing, any Accounts which contain assets resulting from a direct or indirect transfer on or after August 23, 1984 from a defined benefit plan, stock bonus plan, profit-sharing plan or money purchase plan and which is subject to the survivor annuity requirements of Section 401 (a)(11) and Section 417 of the Code (a "Transferee Plan") shall be subject to paragraph (b) below.