Qualified Rollover Contributions Sample Clauses

Qualified Rollover Contributions. If current eligibility requirements as defined by the Code and Regulations are met, spouse, nonspouse, or qualified trust beneficiary may make a qualified rollover contribution to a ▇▇▇▇ ▇▇▇ from an eligible retirement plan other than a ▇▇▇▇ ▇▇▇. A qualified rollover contribution must be sent in a direct rollover from the distributing plan to the Inherited ▇▇▇▇ ▇▇▇. The beneficiary may not have constructive receipt of the assets. For assistance in determining qualified rollover contribution eligibility and the tax consequences of such a transaction, consult a tax advisor. Distributions to Inherited ▇▇▇▇ ▇▇▇ Owners. Beneficiary payouts from Inherited ▇▇▇▇ IRAs must continue as required by the Code and Regulations. See, JANUARY 1, 2020” in this document for more information. MISCELLANEOUS
View SourceView Similar (3)
Qualified Rollover Contributions. For distributions made from this Plan after December 31, 2007, the following provisions shall apply: Participants must be given the option to directly rollover to a ▇▇▇▇ ▇▇▇ as a qualified rollover contribution pursuant to section 408A(e) of the Code. Pursuant to section 402(c)(11) of the Code, for distributions that occur prior to January 1, 2010, a plan may, but is not required to permit Qualified Rollover Contributions by nonspouse Beneficiaries and a rollover by a nonspouse Beneficiary must be made in a Direct Rollover to a ▇▇▇▇ ▇▇▇. A surviving spouse ▇▇▇▇▇▇▇▇▇▇▇ who makes a rollover to a ▇▇▇▇ ▇▇▇ from this Plan may elect either to treat the ▇▇▇▇ ▇▇▇ as his or her own or establish the ▇▇▇▇ ▇▇▇ in the name of the decedent with the surviving spouse as the Beneficiary.
View SourceView Similar (3)
Qualified Rollover Contributions. If current eligibility requirements as defined by the Code and Regulations are met, spouse, nonspouse, or qualified trust beneficiary may make a qualified rollover contribution to a ▇▇▇▇ ▇▇▇ from an eligible retirement plan other than a ▇▇▇▇ ▇▇▇. A qualified rollover contribution must be sent in a direct rollover from the distributing plan to the Inherited ▇▇▇▇ ▇▇▇. The beneficiary may not have constructive receipt of the assets. For assistance in determining qualified rollover contribution eligibility and the tax consequences of such a transaction, consult a tax advisor. DISTRIBUTIONS – DEATH OF IRA OWNER ON OR AFTER JANUARY 1, 2020” in this document for more information. MISCELLANEOUS
View SourceView Similar (2)
Qualified Rollover Contributions. Participants must be given the option to directly rollover to a ▇▇▇▇ ▇▇▇ as a qualified rollover contribution pursuant to section 408A(e) of the Code. Pursuant to section 402(c)(11) of the Code, for distributions that occur prior to January 1, 2010, a plan may, but is not required to permit Qualified Rollover Contributions by nonspouse beneficiaries, and a rollover by a nonspouse beneficiary must be made in a Direct Rollover to a ▇▇▇▇ ▇▇▇. A surviving spouse beneficiary who makes a rollover to a ▇▇▇▇ ▇▇▇ from this plan may elect either to treat the ▇▇▇▇ ▇▇▇ as his or her own or establish the ▇▇▇▇ ▇▇▇ in the name of the decedent with the surviving spouse as the beneficiary.
View SourceView Similar (2)
Qualified Rollover Contributions. In addition to contributions under Article 2, the Individual may contribute to the Roth IRA Account a qualified rollover contribution within the ▇▇▇▇▇▇▇ of Code Section 408A(e) that is a rollover from another Roth IRA. The Individual also may contribute to the Roth IRA ▇▇▇▇▇▇▇ a qualified rollover contribution that is a ▇▇▇▇▇▇▇▇ from an IRA, but only if the Individual's adjusted gross income for t▇▇ taxable year does not exceed $100,000 and the Individual is not a married individual filing a separate federal income tax return. A qualified rollover contribution is defined in part as a rollover from another Roth IRA, or from an IRA, if the rollover meets the requireme▇▇▇ ▇▇ ▇ode Section 4▇▇(d)(3). A qualified rollover contribution may be in cash or property or both, provided that the Trustee shall not accept as a rollover amount any property other than cash unless it consists of (i) "marketable securities" which in the opinion of the Trustee may be sold by it in accordance with all applicable federal securities and other laws or which the Trustee otherwise agrees to accept and retain; or (ii) an annuity contract (other than an annuity contract including a life insurance element) or endowment contract which in the opinion of the Trustee may be promptly surrendered by it to the issuer for cash. A rollover may not include certain amounts, such as the amount of any required minimum distributions. The Trustee also will accept (i) qualified rollover contributions that are transferred to it directly from another trustee or custodian, (ii) the conversion of an IRA to a Roth IRA in accordance with Code Section 408A(d)(3)(▇), and (▇▇▇) ▇▇▇ transfer, no later than the Individual's due date for filing his or her federal income tax return for a taxable year (without regard to extensions), from a traditional IRA to a Roth IRA of contributions for that year (and earning▇ ▇llocab▇▇ ▇▇ ▇▇ch contributions) in accordance with Code Section 408A(d)(3)(D), each upon receipt of documentation satisfactory to the Trustee. Any contribution by the Individual under this Article 3 shall be accompanied by a written declaration from the Individual that it is a valid rollover amount.
View Source
Qualified Rollover Contributions. If current eligibility requirements as defined by the Code and Regulations are met, a nonspouse beneficiary may make a qualified rollover contribution to a ▇▇▇▇ ▇▇▇ from an eligible retirement plan other than a ▇▇▇▇ ▇▇▇. A qualified rollover contribution must be sent in a direct trustee-to-trustee transaction from the distributing plan to the Inherited ▇▇▇▇ ▇▇▇. The nonspouse beneficiary may not have constructive receipt of the assets. For assistance in determining qualified rollover contribution eligibility and the tax consequences of such a transaction, consult a tax advisor.
View Source

Related to Qualified Rollover Contributions

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Rollover Contributions and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.

  • Employer Contributions 16.01 Employer contributions shown in the tables in the attached appendices shall be made on all hours of work performed which are included in computing the eight (8) hours per day and forty (40) hours per week after which overtime is payable and shall be recorded on a standard remittance report provided by the Union and remitted on or before the fifteenth (15th) day of the month following the month for which contributions are due and payable, to the Trust Funds. Hours of work performed are interpreted to mean daily travel time, daily working time, reporting time, and, if the employee is required to perform a welding test, testing time. Contributions for overtime hours will be calculated as straight time hours. The Employer shall provide each employee covered by this Agreement with a statement with each weekly paycheque stating the total number of hours reported for contributions to the Pension and Health & Welfare Funds on behalf of that employee for the period covered by the paycheque. 16.02 All such funds due and payable to the above funds shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds are not wages or benefits due to an employee and industry promotion funds are deemed to be dues for services rendered by the Association. 16.03 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Fund, including provisions for an audit, security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds as liquidated damages, and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 16.04 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 16.05 The Employer shall not be required to make additional contributions or payments to any Industry Funds established by the Union or its Local Unions nor to any such funds established by Provincial or Territorial Government orders, regulations, or decrees for the purpose of providing similar benefits, it being understood and agreed that the contributions for herein, or any portions thereof shall be deemed to be in lieu of and/or shall be applied as payments to such funds. This provision shall not be applicable to any national funds or plans having general application and established by an Act of the Government of Canada. 16.06 In the Province of Ontario, the Trustees/Administrator of the employee benefit funds referred to in this Agreement shall promptly notify the Local Union of the failure by any Employer to pay any employee benefit contributions required to be made under this Agreement and which are owed under the said funds in order that the Program Administrator of the Ontario Employee Wage Protection Program may deem that there has been an assignment of compensation under the said Program in compliance with the Regulations to the Ontario Employment Standards Amendment Act, 1991, in relation to the Ontario Employee Wage Protection Program. 16.07 The parties hereto agree that contribution rates for the trust funds listed herein do not include any Provincial or Federal taxes.

  • Member Contributions Each Member and the Manager further acknowledges that it may contribute ideas, knowledge, know-how and, potentially, Confidential Information of such disclosing Member or the Manager to the Company, the employees, agents or contractors of the Company. Each disclosing Member or the Manager shall retain ownership of such Confidential Information but grants to only the Company, not to the individual(s) to whom the information was disclosed in his/her respective personal capacity(ies), the limited right to use such Confidential Information solely and exclusively for the benefit of the Company, and not any individual Member other than the disclosing Member; and each Member and the Manager other than the discloser promises and agrees to not use Confidential Information of a disclosing Member or the Manager for any purpose whatsoever except in connection with the Company and except with the written consent of both the disclosing Member and the Company. For purposes of this Section X, all references to the Company shall include its Affiliates.

  • User Contributions The Website may contain message boards, chat rooms, personal web pages or profiles, forums, bulletin boards, and other interactive features (collectively, "Interactive Services") that allow users to post, submit, publish, display, or transmit to other users or other persons (hereinafter, "post") content or materials (collectively, "User Contributions") on or through the Website. All User Contributions must comply with these Terms of Use. Any User Contribution you post to the site will be considered non-confidential and non- proprietary. By providing any User Contribution on the Website, you grant us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns the right to use, reproduce, modify, perform, display, distribute, and otherwise disclose to third parties any such material. You represent and warrant that: • You own or control all rights in and to the User Contributions and have the right to grant the license granted above to us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns. • All of your User Contributions do and will comply with these Terms of Use. You understand and acknowledge that you are responsible for any User Contributions you submit or contribute, and you, not the Company, have full responsibility for such content, including its legality, reliability, accuracy, and appropriateness. We are not responsible or liable to any third party for the content or accuracy of any User Contributions posted by you or any other user of the Website.