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 Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document outlining the terms and conditions for transferring retirement benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan. This agreement ensures a smooth and transparent process for transferring pension funds and benefits, while protecting the interests of the plan participants. Keywords: Virginia Retirement Plan, Motorola, Inc., Pension Plan, Transfer Agreement, retirement benefits, terms and conditions, pension funds, plan participants. In addition to the general Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan, there may be different types of agreements that can be specified based on specific circumstances or plan requirements. Some possible types or variations of the Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan include: 1. Lump Sum Transfer Agreement: This type of agreement allows plan participants to transfer their retirement benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan as a lump sum payment. It may be suitable for individuals who prefer to manage their retirement savings independently or have specific investment plans in mind. 2. Annuity Transfer Agreement: This agreement is designed for plan participants who prefer to receive their retirement benefits as periodic annuity payments rather than a lump sum. It outlines the process of transferring the annuity from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan, ensuring the seamless continuation of payments. 3. Partial Transfer Agreement: In certain cases, plan participants may opt for a partial transfer of their retirement benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan. This agreement specifies the terms and conditions for transferring a portion of the pension funds while leaving the remaining amount with the original plan. 4. Direct Rollover Agreement: This type of agreement allows plan participants to transfer their retirement benefits directly from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan without incurring any tax consequences. It outlines the necessary steps and procedures involved in a direct rollover. 5. Survivor Benefit Transfer Agreement: In the event of a plan participant's death, the Survivor Benefit Transfer Agreement allows for the transfer of survivor benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan. This agreement ensures a seamless transition of the survivor's benefits and outlines any applicable conditions or restrictions. By specifying different types of Virginia Retirement Plan Transfer Agreements, participants can choose the option that best suits their individual retirement needs and preferences. Each agreement is tailored to address specific transfer scenarios while ensuring compliance with relevant legal and regulatory requirements.
The Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document outlining the terms and conditions for transferring retirement benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan. This agreement ensures a smooth and transparent process for transferring pension funds and benefits, while protecting the interests of the plan participants. Keywords: Virginia Retirement Plan, Motorola, Inc., Pension Plan, Transfer Agreement, retirement benefits, terms and conditions, pension funds, plan participants. In addition to the general Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan, there may be different types of agreements that can be specified based on specific circumstances or plan requirements. Some possible types or variations of the Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan include: 1. Lump Sum Transfer Agreement: This type of agreement allows plan participants to transfer their retirement benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan as a lump sum payment. It may be suitable for individuals who prefer to manage their retirement savings independently or have specific investment plans in mind. 2. Annuity Transfer Agreement: This agreement is designed for plan participants who prefer to receive their retirement benefits as periodic annuity payments rather than a lump sum. It outlines the process of transferring the annuity from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan, ensuring the seamless continuation of payments. 3. Partial Transfer Agreement: In certain cases, plan participants may opt for a partial transfer of their retirement benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan. This agreement specifies the terms and conditions for transferring a portion of the pension funds while leaving the remaining amount with the original plan. 4. Direct Rollover Agreement: This type of agreement allows plan participants to transfer their retirement benefits directly from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan without incurring any tax consequences. It outlines the necessary steps and procedures involved in a direct rollover. 5. Survivor Benefit Transfer Agreement: In the event of a plan participant's death, the Survivor Benefit Transfer Agreement allows for the transfer of survivor benefits from the Motorola, Inc. Pension Plan to the Virginia Retirement Plan. This agreement ensures a seamless transition of the survivor's benefits and outlines any applicable conditions or restrictions. By specifying different types of Virginia Retirement Plan Transfer Agreements, participants can choose the option that best suits their individual retirement needs and preferences. Each agreement is tailored to address specific transfer scenarios while ensuring compliance with relevant legal and regulatory requirements.