Common use of Eligible Rollover Distributions Clause in Contracts

Eligible Rollover Distributions. An Eligible Rollover Distribution is any distribution of all or any portion of the Distributee’s Account, except the following: (1) Any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee and the Distributee’s Beneficiary, or for a specified period of ten years or more; (2) Any distribution required under Code Section 401(a)(9); (3) Any hardship distribution described in Treasury Notice 2000-32 (and subsequent rulings); (4) Any other distribution that is reasonably expected to total less than $200 during the year

Eligible Rollover Distributions. An Eligible Rollover Distribution is any distribution of all or any portion of the Distributee’s Account, except the following: (1) Any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee and the Distributee’s Beneficiary, or for a specified period of ten years or more;or (2) Any distribution required under Code Section 401(a)(9); (3) Any hardship distribution described in Treasury Notice 2000-32 (and subsequent rulings); (4) Any other distribution that is reasonably expected to total less than $200 during the year