Transfer Contributions definition

Transfer Contributions means the contributions which were transferred to the Plan by the Member from another qualified plan pursuant to Section 3.03.

Transfer Contributions means amounts which are received by the Plan either (i) by a direct trustee-to-trustee transfer or (ii) as part of a spin-off, merger or other similar event by the Trustee from the trustee or custodian of the Prior Plan and held in the Trust Fund on behalf of a Participant or beneficiary. Transfer Contributions will retain the character that those contributions had under the Prior Plan; for example, after-tax contributions under the Prior Plan will continue to be treated as after-tax contributions when held in the Transfer Account.

Transfer Contributions means the direct transfer of all or a portion of a Code section 403(b) plan to the Plan pursuant to Section 4.06.

Examples of Transfer Contributions in a sentence

• Effective for hardship withdrawals received in 2001, the Member is prohibited from making contributions (other than Rollover or Transfer Contributions) to the Plan and all other plans of the Employer under the terms of such plans or by means of an otherwise legally enforceable agreement until the later of January 1, 2002 or the date that is six months after receipt of the distribution.

• Such Transfer Contributions shall be paid to the Trustee as soon as practicable and shall be held in the Member’s Transfer Account under this Plan and invested in the short term investment fund or such other fund as the Primary Administrator determines until such time as a Member makes another investment election as set forth in Section 4.02.

• The Plan permits Plan-to-Plan Transfer Contributions into the Plan (but not out of the Plan, without the Pension Boards consent) subject to any limitations imposed by applicable law.

• The distribution of Transfer Contributions is governed by Section 4.11(B) of this Plan and not by this Section 4.04.

• Transfer Contributions attributable to Contributions made by a Church or an Employer (that is, Contributions that are not made pursuant to a Salary Reduction Agreement) will be subject to the same distribution restrictions as Church or Employer Contributions.

More Definitions of Transfer Contributions

Transfer Contributions means the transfer contributions, if any, described in Section 3.11.

Transfer Contributions means the amounts described in Section 2.025 which are transferred to the Plan pursuant to the terms of the said Section.

Transfer Contributions means amounts which are received either (i) by a direct trustee to trustee transfer or (ii) as part of a spin-off, merger or other similar event by the Trustee from the trustee or custodian of another qualified retirement plan and held in the Trust Fund on behalf of a Participant or Beneficiary, including the spin-off of this Plan from the Rent-A-Center, Inc. 401(k) Retirement Savings Plan. Transfer Contributions shall retain the character that those contributions had under the other qualified retirement plan; for example, after-tax contributions under a prior plan shall continue to be treated as after-tax contributions when held in the Transfer Account.

Transfer Contributions means an amount or property transferred into this Plan according to Part 19.

Transfer Contributions means the amounts transferred to the Participant’s Account as provided in Sections 3.07 and 3.08.

Transfer Contributions means those amounts transferred to the Plan on behalf of an Employee from another plan qualified under Section 401(a) of the Code, and/or amounts consolidated with and into the Plan with another plan qualified under Section 401(a) of the Code, all as described in Section 3.6 and Section 11.2.

Transfer Contributions means those amounts transferred to the Plan on behalf of an Employee from another plan qualified under Section 401(a) of the Code, and/or amounts consolidated with and into the Plan with another plan qualified under Section 401(a) of the Code, all as described in Section 4.5 and Section 11.2.