Common use of DIRECT ROLLOVER OPTION Clause in Contracts

DIRECT ROLLOVER OPTION. To the extent required under Regulations, a Distributee has the right to direct that any portion of his Eligible Rollover Distribution will be directly paid to an Eligible Retirement Plan specified by him that will accept the Eligible Rollover Distribution.

Appears in 15 contracts

Sources: Employee Stock Ownership Plan (Mens Wearhouse Inc), 401(k) Savings Plan (Quanex Corp), 401(k) Savings Plan (Quanex Corp)