Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the process and terms associated with transferring retirement benefits from the Motorola, Inc. Pension Plan to a retirement plan in Hillsborough, Florida. This agreement is specifically designed for Motorola, Inc. employees who are retiring and wish to transfer their pension benefits to a new retirement plan in Hillsborough, Florida. The purpose of this agreement is to enable a smooth and efficient transfer of retirement benefits, ensuring that retirees can continue to enjoy financial security during their golden years. It is important to note that there may be different types of transfer agreements available depending on the specific requirements and needs of the retiree. The Hillsborough Florida Retirement Plan Transfer Agreement takes into consideration various factors, such as the terms and conditions of the Motorola, Inc. Pension Plan, the relevant laws and regulations governing retirement benefits in Hillsborough, Florida, and the retiree's individual circumstances. This agreement ensures that all parties involved, including the retiree, Motorola, Inc., and the new retirement plan in Hillsborough, Florida, understand their rights, responsibilities, and obligations. The key elements typically included in the Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan are: 1. Identification: The agreement starts by clearly identifying the retiree, their social security number, and their employment details. It also includes information about Motorola, Inc. and the retirement plan in Hillsborough, Florida. 2. Terms of Transfer: This section outlines the specific terms and conditions of the transfer, including the date from which the transfer will be effective, the amount and nature of the benefits being transferred, and any restrictions or limitations associated with the transfer. 3. Consent and Acknowledgment: The retiree must provide written consent and acknowledgment of the transfer, confirming their understanding of the implications and consequences of the transfer. 4. Representations and Warranties: Both the retiree and Motorola, Inc. typically make certain representations and warranties, ensuring that they have the authority to enter into this agreement and that all information provided is accurate and complete. 5. Governing Law and Jurisdiction: The agreement specifies the governing law of Hillsborough, Florida, and the jurisdiction where any disputes arising from the agreement will be resolved. Some notable variations of the Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan may include specific clauses related to early retirement, survivorship benefits, or disability benefits. These variations are tailored to meet the unique needs of retirees based on their eligibility and circumstances. In conclusion, the Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial legal document that facilitates the transfer of retirement benefits from the Motorola, Inc. Pension Plan to a retirement plan in Hillsborough, Florida. This agreement ensures a seamless transition for retirees, safeguarding their financial well-being in their retirement years.

The Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legal document that outlines the process and terms associated with transferring retirement benefits from the Motorola, Inc. Pension Plan to a retirement plan in Hillsborough, Florida. This agreement is specifically designed for Motorola, Inc. employees who are retiring and wish to transfer their pension benefits to a new retirement plan in Hillsborough, Florida. The purpose of this agreement is to enable a smooth and efficient transfer of retirement benefits, ensuring that retirees can continue to enjoy financial security during their golden years. It is important to note that there may be different types of transfer agreements available depending on the specific requirements and needs of the retiree. The Hillsborough Florida Retirement Plan Transfer Agreement takes into consideration various factors, such as the terms and conditions of the Motorola, Inc. Pension Plan, the relevant laws and regulations governing retirement benefits in Hillsborough, Florida, and the retiree's individual circumstances. This agreement ensures that all parties involved, including the retiree, Motorola, Inc., and the new retirement plan in Hillsborough, Florida, understand their rights, responsibilities, and obligations. The key elements typically included in the Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan are: 1. Identification: The agreement starts by clearly identifying the retiree, their social security number, and their employment details. It also includes information about Motorola, Inc. and the retirement plan in Hillsborough, Florida. 2. Terms of Transfer: This section outlines the specific terms and conditions of the transfer, including the date from which the transfer will be effective, the amount and nature of the benefits being transferred, and any restrictions or limitations associated with the transfer. 3. Consent and Acknowledgment: The retiree must provide written consent and acknowledgment of the transfer, confirming their understanding of the implications and consequences of the transfer. 4. Representations and Warranties: Both the retiree and Motorola, Inc. typically make certain representations and warranties, ensuring that they have the authority to enter into this agreement and that all information provided is accurate and complete. 5. Governing Law and Jurisdiction: The agreement specifies the governing law of Hillsborough, Florida, and the jurisdiction where any disputes arising from the agreement will be resolved. Some notable variations of the Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan may include specific clauses related to early retirement, survivorship benefits, or disability benefits. These variations are tailored to meet the unique needs of retirees based on their eligibility and circumstances. In conclusion, the Hillsborough Florida Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial legal document that facilitates the transfer of retirement benefits from the Motorola, Inc. Pension Plan to a retirement plan in Hillsborough, Florida. This agreement ensures a seamless transition for retirees, safeguarding their financial well-being in their retirement years.