Common use of Rollovers and Transfers Clause in Contracts

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. (1) Notwithstanding sections 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 Section 6.5 of the Plan.