Arizona Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• Control #: US-EG-9312
• Format: Word; Rich Text

Description

Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan between Semiconductor Components Industries, LLC and Motorola, Inc. regarding benefit pension plan meeting requirements of the Internal Revenue Service dated May 10, 1999. 6 pages. The Arizona Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the process of transferring retirement funds for employees from the Motorola, Inc. Pension Plan to an Arizona retirement plan. This agreement is specific to employees who have worked for Motorola, Inc. and are retiring or transitioning to an Arizona-based retirement plan. The agreement ensures a smooth transfer of the pension plan assets and benefits for Motorola employees, adhering to the regulations and guidelines set by both the Motorola, Inc. Pension Plan and the Arizona retirement plan. It covers the terms and conditions of the transfer process, including the eligibility criteria, transfer options, and the timeline for completing the transfer. There may be different types of Arizona Retirement Plan Transfer Agreements for the Motorola, Inc. Pension Plan, depending on the specific circumstances of the employee. These types could include: 1. Voluntary Retirement Transfer Agreement: This type of transfer agreement is for employees who have chosen to retire and are seeking to transfer their pension funds from the Motorola, Inc. Pension Plan to an Arizona retirement plan voluntarily. It outlines the options available to them and the steps required to initiate and complete the transfer process. 2. Employment-based Transfer Agreement: Motorola, Inc. may also have a transfer agreement for employees who are leaving the company but are not retiring. These employees may be relocating to Arizona and wish to transfer their pension funds to an Arizona retirement plan. This type of agreement would specify the conditions and requirements for such transfers. 3. Involuntary Transfer Agreement: In certain cases, an involuntary transfer agreement may be necessary. This occurs when there are significant changes to the Motorola, Inc. Pension Plan, such as plan termination or restructuring, which require the transfer of pension funds to an Arizona retirement plan. This agreement would outline the reasons for the involuntary transfer and the steps involved. In summary, the Arizona Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial document that facilitates the transfer of retirement funds for employees from the Motorola, Inc. Pension Plan to an Arizona-based retirement plan. These agreements can be categorized based on voluntary retirement, employment-based transfers, or involuntary transfers due to plan changes or termination.

The Arizona Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the process of transferring retirement funds for employees from the Motorola, Inc. Pension Plan to an Arizona retirement plan. This agreement is specific to employees who have worked for Motorola, Inc. and are retiring or transitioning to an Arizona-based retirement plan. The agreement ensures a smooth transfer of the pension plan assets and benefits for Motorola employees, adhering to the regulations and guidelines set by both the Motorola, Inc. Pension Plan and the Arizona retirement plan. It covers the terms and conditions of the transfer process, including the eligibility criteria, transfer options, and the timeline for completing the transfer. There may be different types of Arizona Retirement Plan Transfer Agreements for the Motorola, Inc. Pension Plan, depending on the specific circumstances of the employee. These types could include: 1. Voluntary Retirement Transfer Agreement: This type of transfer agreement is for employees who have chosen to retire and are seeking to transfer their pension funds from the Motorola, Inc. Pension Plan to an Arizona retirement plan voluntarily. It outlines the options available to them and the steps required to initiate and complete the transfer process. 2. Employment-based Transfer Agreement: Motorola, Inc. may also have a transfer agreement for employees who are leaving the company but are not retiring. These employees may be relocating to Arizona and wish to transfer their pension funds to an Arizona retirement plan. This type of agreement would specify the conditions and requirements for such transfers. 3. Involuntary Transfer Agreement: In certain cases, an involuntary transfer agreement may be necessary. This occurs when there are significant changes to the Motorola, Inc. Pension Plan, such as plan termination or restructuring, which require the transfer of pension funds to an Arizona retirement plan. This agreement would outline the reasons for the involuntary transfer and the steps involved. In summary, the Arizona Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial document that facilitates the transfer of retirement funds for employees from the Motorola, Inc. Pension Plan to an Arizona-based retirement plan. These agreements can be categorized based on voluntary retirement, employment-based transfers, or involuntary transfers due to plan changes or termination.