Rollovers and Transfers Clause Samples

Rollovers and Transfers. Your inherited ▇▇▇ may receive multiple rollover contributions from inherited qualified retirement plans, 403(a) annuity plans, 403(b) tax-sheltered annuity plans, or 457(b) governmental deferred compensation plans, or multiple transfers from inherited Traditional IRAs. In order to combine these inherited retirement assets in the same inherited ▇▇▇, you must have inherited the assets from the same owner and they must have been subject to the same beneficiary payment elections and calculation methods as under the receiving inherited ▇▇▇. Rollover is a term used to describe a tax-free movement of cash or other property to your inherited ▇▇▇ from a qualified retirement plan, 403(a) annuity plan, 403(b) tax- sheltered annuity, or 457(b) eligible governmental deferred compensation plan that you have inherited as a beneficiary. The general rollover and transfer rules are summarized below. These transactions are often complex. If you have any questions regarding a rollover or transfer, please see a competent tax advisor.

Rollovers and Transfers. Your HSA may be rolled over to another HSA of yours, or may receive rollover contributions, provided that all of the applicable rollover rules are followed. Rollover is a term used to describe a tax free movement of cash or other property between any of your HSAs or other tax favored accounts. The rollover rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover, please see your tax advisor. Funds distributed from your HSA may be rolled over to another HSA that you own if the requirements of the Code Section 223(f)(5) are met. A proper HSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. You may not have completed another HSA to HSA rollover from the distributing HSA during the twelve (12) months preceding the date you received the distribution. Further, you may roll over the same dollars or assets only once every twelve (12) months. Finally, current IRS-published guidance indicates that you may make only one rollover contribution to an HSA during a one (1) year period. Funds distributed from your ▇▇▇▇▇▇ MSA may be rolled over to your HSA. A proper MSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. Rollovers from an IRA to an HSA are also permitted subject to the requirements and limitation under the Tax Relief and Health Care Act of 2006 and IRS guidance issued thereunder. At the time you make a proper rollover to an HSA, you must designate to the Custodian, in writing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.

Rollovers and Transfers. A Participant may transfer all or part of the assets in his or her SIMPLE IRA under the Plan to another SIMPLE IRA under another SIMPLE plan on a tax-free basis. A Participant may transfer all or part of the assets in his or her SIMPLE IRA under another SIMPLE plan to his or her SIMPLE IRA under this SIMPLE Plan on a tax- free basis. A Participant shall not roll over all or part of the assets in a non-SIMPLE IRA to his or her SIMPLE IRA under the Plan. In addition, a Participant may roll over all or part of the assets in his or her SIMPLE IRA under the Plan to any other eligible retirement plan on a tax-free basis after a two-year period has expired since Employer contributions were first deposited into the Participant’s SIMPLE IRA. Any rollover or transfer must be requested in a form and manner acceptable to the Custodian and must comply with the requirements under Sections 408 and 408A of the Code.

Rollovers and Transfers. You are allowed to "roll over" a distribution or transfer your assets from one individual retirement account to another without any tax liability. Rollovers between IRAs may be made once per year and must be accomplished within 60 days after the distribution. Also, under certain conditions, you may roll over (tax free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. However, strict limitations apply to such rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by directly transferring the amount of the distribution to an individual retirement account or to certain other types of retirement plans. You should receive more information regarding these new withholding rules and whether your distribution can be transferred to an IRA from the plan administrator prior to receiving your distribution.

Rollovers and Transfers. In the discretion of the Administrator according to such uniform and nondiscriminatory rules established by the Administrator, and in accordance with Sections 402 and 408 of the Code, a Participant may make a rollover to the Plan or the Plan may accept a direct transfer (including voluntary after-tax contributions) from another plan qualified under Section 401(a) of the Code or from an individual retirement account. If the Employer has adopted the Profit Sharing Plan, any rollover or transfer shall be made to such Plan.

Rollovers and Transfers. Your Contract is non-forfeitable (i.e., not subject to the claims of your creditors) and non-transferable (i.e., you may not transfer it to someone else). Under certain circumstances, you may be able to transfer amounts distributed from your Contract to another eligible retirement plan or IRA. Generally, a distribution may be eligible for rollover. Certain types of distributions cannot be rolled over, such as distributions received on account of:

Rollovers and Transfers. (1) Notwithstanding sections 6.10 and 7.3, a direct rollover or transfer of a distribution from a ▇▇▇▇ Elective Deferral sub-account under the Plan will only be made to another ▇▇▇▇ Elective Deferral account under an applicable retirement Plan described in Section 402A(e)(1) of the Code or to a ▇▇▇▇ ▇▇▇ described in Section 408A of the Code, and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code. (2) Notwithstanding Article 7, the Plan will accept a rollover contribution to a ▇▇▇▇ Elective Deferral sub-account only if it is a direct rollover or transfer from another ▇▇▇▇ Elective Deferral account under an applicable retirement Plan described in Section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of Section 402(c) of the Code. (3) Eligible rollover distributions from a Participant's ▇▇▇▇ Elective Deferral sub- account are taken into account in determining whether the total amount of the Participant’s Account balances under the Plan exceeds $1,000 for purposes of section 6.5 of the Plan.

Rollovers and Transfers. Effective as of the Closing Date, CTI shall cause its Affiliates to fully vest all account balances of each Transferred Employee under the Charming Shoppes, Inc. Employees’ Retirement Savings Plan and the Charming Shoppes Variable Deferred Compensation Plan for Executives. As soon as practicable after the “Buyer Plan Effective Date,” Buyer shall, or shall cause its Affiliates (including the Company and the Subsidiaries), to take the following actions with respect to each Transferred Employee who continues to be employed by the Company, a Subsidiary or an Affiliate of Buyer on the date of the rollover (with respect to rollovers described in subsection (a)) and the date of the transfer (with respect to transfers described in subsection (b)): (a) permit each such Transferred Employee to make rollovers (in the form of cash and notes associated with plan loans) from the Charming Shoppes, Inc. Employees’ Retirement Savings Plan to a 401(k) plan sponsored by Buyer or one of its Affiliates (including the Company and the Subsidiaries) after the Closing Date, provided such distributions are eligible rollover distributions as defined in Section 402(c)(4) of the Code, and (b) accept transfers from the health-care and dependent-care flexible spending accounts in which such Transferred Employees participated immediately prior to the Buyer Plan Effective Date to comparable flexible spending accounts maintained by Buyer or one of its Affiliates (including the Company and the Subsidiaries) of an amount equal to the positive excess of (A) over (B), determined separately for each such employee and separately for the health-care flexible spending account and the dependent-care flexible spending account, where (A) is the total salary reduction contributions made by such employee before the Buyer Plan Effective Date with respect to such account for 2008, and (B) is the total expenses paid from such account before the Buyer Plan Effective Date with respect to expenses incurred in 2008. As soon as practicable after the Buyer Plan Effective Date, CTI shall pay to Buyer the aggregate amount of the account transfers credited pursuant to clause (b) of the preceding sentence. Buyer (or an Affiliate thereof, as applicable) will make appropriate adjustments to their respective cafeteria plans to reflect this transfer. Buyer (or an Affiliate thereof, as applicable) shall upon such transfer be responsible to reimburse for all eligible claims under the terms of Buyer’s (or the Affiliate’s)...

Rollovers and Transfers. Your HSA may be rolled over to another HSA of yours, or may receive rollover contributions, provided that all of the applicable rollover rules are followed. Rollover is a term used to describe a tax free movement of cash or other property between any of your HSAs or other tax favored accounts. The rollover rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover, please see your tax advisor. Funds distributed from your HSA may be rolled over to another HSA that you own if the requirements of the Code Section 223(f)(5) are met. A proper HSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. You may not have completed another HSA to HSA rollover from the distributing HSA during the twelve (12) months preceding the date you received the distribution. Further, you may roll over the same dollars or assets only once every twelve