Common use of Eligible Rollover Distribution Clause in Contracts

Eligible Rollover Distribution. For purposes of Section 6.1(a), an eligible rollover distribution means any distribution of all or any portion of a Participant’s benefit under another eligible retirement plan, except that an eligible rollover distribution does not include (1) any installment payment for a period of 10 years or more, (2) any distribution made as a result of an unforeseeable emergency or other distribution which is made upon hardship of the employee, (3) for any other distribution, the portion, if any, of the distribution that is a required minimum distribution under section 401(a)(9) of the Code, or corrective distribution of excess amounts in accordance with Sections 3.6 and 10.

Appears in 3 contracts

Sources: Adoption Agreement, Adoption Agreement for 403(b) Plan, Adoption Agreement for 403(b) Plan

Eligible Rollover Distribution. For purposes of this Section 6.1(a)6.1, an eligible rollover distribution means is any distribution of all or any portion of a Participant’s benefit under another eligible retirement plan, except that an eligible rollover distribution does not include (1) any installment payment for a period of 10 years or more, ; (2) any distribution made as a result of an unforeseeable emergency or other distribution which is made upon hardship of the employee, ; or (3) for any other distribution, the portion, if any, of the distribution that is a required minimum distribution under section Code §401(a)(9) of the Code, or corrective distribution of excess amounts in accordance with Sections 3.6 and 10).

Appears in 1 contract

Sources: Deferred Compensation Plan

Eligible Rollover Distribution. For purposes of this Section 6.1(a)5.8, an eligible rollover distribution means is any distribution of all or any portion of a Participant’s benefit under another eligible retirement planAccount Balance, except that an eligible rollover distribution does not include (1a) any installment payment under Section 5.1(b) for a period of 10 years or more, ; (2b) any distribution made as a result of an unforeseeable emergency emergency; or other distribution which is made upon hardship of the employee, (3c) for any other distribution, the portion, if any, of the distribution that is a required minimum distribution under section Code §401(a)(9) of the Code, or corrective distribution of excess amounts in accordance with Sections 3.6 and 10).

Appears in 1 contract

Sources: Deferred Compensation Plan