The Delaware Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the process and terms for transferring retirement funds from the Motorola, Inc. Pension Plan to a new retirement plan in the state of Delaware. This agreement ensures that the transfer is done in compliance with all relevant laws and regulations governing retirement plans. The Delaware Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is designed to accommodate different situations that a retiree may encounter. Some different types of transfer agreements under this plan include: 1. Direct rollover agreement: This type of transfer agreement allows retirees to directly transfer their retirement funds from the Motorola, Inc. Pension Plan to a new retirement account in Delaware without incurring any taxes or penalties. 2. Indirect rollover agreement: This transfer agreement allows retirees to receive the funds from the Motorola, Inc. Pension Plan directly and then deposit them into a new retirement account in Delaware within a specific time period, usually 60 days. While this type of transfer is allowed, it may be subject to taxes and penalties if not completed within the specified time frame. 3. Lump sum payment agreement: In some cases, retirees may choose to receive their retirement funds as a lump sum payment. The Delaware Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan outlines the terms and conditions for such payments, including any taxes or penalties that may be applicable. 4. Partial transfer agreement: Retirees may also choose to transfer only a portion of their retirement funds from the Motorola, Inc. Pension Plan to a new account in Delaware. This type of transfer agreement allows retirees to maintain some funds in the original plan while taking advantage of the benefits offered by the Delaware retirement plan. Overall, the Delaware Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan ensures a smooth and compliant process for retirees to transfer their retirement funds to a new plan in Delaware. It provides various options to cater to individual preferences and financial goals, such as direct or indirect rollovers, lump sum payments, and partial transfers.