Common use of Rollovers and Transfers Clause in Contracts

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.