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

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial document that outlines the process and terms involved in transferring retirement plans for employees of Motorola, Inc. who are based in Phoenix, Arizona. This agreement serves as a formal contract between Motorola, Inc. and their employees, providing details on how retirement plan transfers will occur. It ensures a smooth transition of retirement funds, protects the rights and benefits of employees, and maintains compliance with applicable laws and regulations. Keywords: Phoenix Arizona, Retirement Plan, Transfer Agreement, Motorola, Inc., Pension Plan Different types of Phoenix Arizona Retirement Plan Transfer Agreements for the Motorola, Inc. Pension Plan may include: 1. Internal Transfer Agreement: This type of agreement outlines the process of transferring retirement funds from one account to another within Motorola, Inc.'s retirement plan system. It may be applicable when an employee requests to shift their retirement savings from one plan option to another or from one investment fund to another within the same pension plan. 2. External Transfer Agreement: This agreement covers the transfer of retirement funds from Motorola, Inc.'s pension plan to another retirement plan or financial institution outside the company. This type of transfer may occur when an employee leaves Motorola, Inc. and wishes to roll over their accumulated pension benefits into another retirement account at a new employer or an individual retirement account (IRA). 3. Lump Sum Transfer Agreement: This agreement pertains to the transfer of the entire retirement account balance from Motorola, Inc. pension plan to another retirement plan or financial institution. It is often an option available to employees who choose to withdraw their retirement savings as a lump sum rather than receiving regular pension payments. 4. Partial Transfer Agreement: In cases where an employee wants to transfer only a portion of their retirement account balance, a partial transfer agreement would be relevant. This agreement defines the specific amount or percentage that will be transferred to another retirement plan or financial institution. Note: The specific types of transfer agreements offered by Motorola, Inc. may vary, and it is important for employees to consult their retirement plan documents and discuss their options with the designated plan administrators.

The Phoenix Arizona Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a crucial document that outlines the process and terms involved in transferring retirement plans for employees of Motorola, Inc. who are based in Phoenix, Arizona. This agreement serves as a formal contract between Motorola, Inc. and their employees, providing details on how retirement plan transfers will occur. It ensures a smooth transition of retirement funds, protects the rights and benefits of employees, and maintains compliance with applicable laws and regulations. Keywords: Phoenix Arizona, Retirement Plan, Transfer Agreement, Motorola, Inc., Pension Plan Different types of Phoenix Arizona Retirement Plan Transfer Agreements for the Motorola, Inc. Pension Plan may include: 1. Internal Transfer Agreement: This type of agreement outlines the process of transferring retirement funds from one account to another within Motorola, Inc.'s retirement plan system. It may be applicable when an employee requests to shift their retirement savings from one plan option to another or from one investment fund to another within the same pension plan. 2. External Transfer Agreement: This agreement covers the transfer of retirement funds from Motorola, Inc.'s pension plan to another retirement plan or financial institution outside the company. This type of transfer may occur when an employee leaves Motorola, Inc. and wishes to roll over their accumulated pension benefits into another retirement account at a new employer or an individual retirement account (IRA). 3. Lump Sum Transfer Agreement: This agreement pertains to the transfer of the entire retirement account balance from Motorola, Inc. pension plan to another retirement plan or financial institution. It is often an option available to employees who choose to withdraw their retirement savings as a lump sum rather than receiving regular pension payments. 4. Partial Transfer Agreement: In cases where an employee wants to transfer only a portion of their retirement account balance, a partial transfer agreement would be relevant. This agreement defines the specific amount or percentage that will be transferred to another retirement plan or financial institution. Note: The specific types of transfer agreements offered by Motorola, Inc. may vary, and it is important for employees to consult their retirement plan documents and discuss their options with the designated plan administrators.