Harris Texas Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• County: Harris
• 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 Harris Texas Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the terms and conditions for transferring retirement benefits from the Motorola, Inc. Pension Plan to the Harris Texas Retirement Plan. This agreement ensures a smooth transition of pension funds and helps retirees maintain their financial stability during their retirement years. The transfer agreement is designed to cater specifically to employees who have worked for Motorola, Inc. and are eligible for retirement benefits from the company's pension plan. By transferring their pension funds to the Harris Texas Retirement Plan, individuals can seamlessly continue to receive their pension payments without any disruptions or delays. The transfer agreement is essential for retirees who are relocating to Texas or have decided to change their retirement investment strategy. By moving their pension funds to the Harris Texas Retirement Plan, retirees can benefit from the plan's unique features and advantages, including potential tax benefits or investment options tailored to the needs of Texas residents. There are different types of Harris Texas Retirement Plan Transfer Agreements for the Motorola, Inc. Pension Plan, each catering to specific circumstances and objectives. The most common types include: 1. Full Transfer Agreement: This agreement facilitates a complete transfer of the retiree's pension funds from the Motorola, Inc. Pension Plan to the Harris Texas Retirement Plan. It ensures that all future pension payments will be made through the Harris Texas Retirement Plan, providing retirees with a convenient and streamlined retirement income. 2. Partial Transfer Agreement: In cases where retirees wish to retain some benefits from the Motorola, Inc. Pension Plan while transferring the remaining funds to the Harris Texas Retirement Plan, a partial transfer agreement can be utilized. This allows individuals to diversify their retirement investments and take advantage of the benefits offered by both plans simultaneously. 3. Rollover Transfer Agreement: For individuals who have chosen to roll over their pension funds from the Motorola, Inc. Pension Plan to an Individual Retirement Account (IRA) within the Harris Texas Retirement Plan, a rollover transfer agreement is executed. This agreement ensures the tax-free transfer of funds and compliance with the necessary regulations. In summary, the Harris Texas Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial legal document that facilitates the seamless transfer of retirement benefits between the two plans. Whether employees opt for a full transfer, partial transfer, or rollover, this agreement ensures that retirees can enjoy continued financial stability and security in their retirement years.

The Harris Texas Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the terms and conditions for transferring retirement benefits from the Motorola, Inc. Pension Plan to the Harris Texas Retirement Plan. This agreement ensures a smooth transition of pension funds and helps retirees maintain their financial stability during their retirement years. The transfer agreement is designed to cater specifically to employees who have worked for Motorola, Inc. and are eligible for retirement benefits from the company's pension plan. By transferring their pension funds to the Harris Texas Retirement Plan, individuals can seamlessly continue to receive their pension payments without any disruptions or delays. The transfer agreement is essential for retirees who are relocating to Texas or have decided to change their retirement investment strategy. By moving their pension funds to the Harris Texas Retirement Plan, retirees can benefit from the plan's unique features and advantages, including potential tax benefits or investment options tailored to the needs of Texas residents. There are different types of Harris Texas Retirement Plan Transfer Agreements for the Motorola, Inc. Pension Plan, each catering to specific circumstances and objectives. The most common types include: 1. Full Transfer Agreement: This agreement facilitates a complete transfer of the retiree's pension funds from the Motorola, Inc. Pension Plan to the Harris Texas Retirement Plan. It ensures that all future pension payments will be made through the Harris Texas Retirement Plan, providing retirees with a convenient and streamlined retirement income. 2. Partial Transfer Agreement: In cases where retirees wish to retain some benefits from the Motorola, Inc. Pension Plan while transferring the remaining funds to the Harris Texas Retirement Plan, a partial transfer agreement can be utilized. This allows individuals to diversify their retirement investments and take advantage of the benefits offered by both plans simultaneously. 3. Rollover Transfer Agreement: For individuals who have chosen to roll over their pension funds from the Motorola, Inc. Pension Plan to an Individual Retirement Account (IRA) within the Harris Texas Retirement Plan, a rollover transfer agreement is executed. This agreement ensures the tax-free transfer of funds and compliance with the necessary regulations. In summary, the Harris Texas Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial legal document that facilitates the seamless transfer of retirement benefits between the two plans. Whether employees opt for a full transfer, partial transfer, or rollover, this agreement ensures that retirees can enjoy continued financial stability and security in their retirement years.