Qualified Domestic Relations Order (Page 4 of 4) in pdf

14.

Continued Qualified Status of Order: It is the intention of the parties that this QDRO continue to

qualify as a QDRO, as it may be amended from time to time.

15.

Tax Treatment of Distributions Made Under This Order: For purposes Sections 402(a)(1) and 72 of

the Code, or any successor Code section, any Alternate Payee who is the spouse or former spouse of

the Participant shall be treated as the distributee of any distribution or payments made to the Alternate

Payee under the terms of this Order, and as such, will be required to pay the appropriate federal

income taxes on such distribution.

16.

Parties Responsibilities in Event of Error:

In the event that the Plan inadvertently pays the

Participant any benefits that are assigned to the Alternate Payee pursuant to the terms of this Order,

the Participant shall immediately reimburse the Alternate Payee to the extent that the Participant has

received such benefit payments by paying such amounts directly to the Alternate Payee within ten (10)

days of receipt.

In the event that the Plan inadvertently pays the Alternate Payee any benefits that are to remain the

sole property of the Participant pursuant to the terms of this Order, if the Participant has experienced a

distributable event under the terms of the Plan, the Alternate Payee shall immediately reimburse the

Participant to the extent that the Alternate Payee has received such benefit payments by paying such

amounts directly to the Participant within ten (10) days of receipt.

If the Participant has not

experienced a distributable event under the terms of the Plan, the Alternate Payee shall immediately

return such overpayment to the Plan within ten (10) days of receipt.

17.

Effect of Plan Termination: In the event of a Plan termination, the Alternate Payee shall be entitled

to receive his or her portion of the Participant’s benefits as stipulated herein in accordance with the

Plan’s termination provisions for participants and beneficiaries.

18.

Continued Jurisdiction:

The Court retains jurisdiction over this matter to amend this Order to

establish or maintain its status as a qualified domestic relations order, as amended and the original

intent of the parties as stipulated herein. The Court shall also retain jurisdiction to enter such further

orders as are necessary to enforce the assignment of benefits to the Alternate Payee as set forth

herein.

19.

Fee: A processing fee of $400.00 shall be charged one-half ($200.00) against the Alternate Payee’s

share/account and one-half ($200.00) against the Participant’s remaining account. In the event that

the Alternate Payee is awarded 100% of the Participant’s account balance as of the date this Order is

processed pursuant to this Order, the entire processing fee shall be charged to the Alternate Payee’s

account/share. If there are not sufficient funds in either party’s account to pay that party’s respective

share of the fee, the difference shall be charged to the other party.

BY THE COURT:

……………………………………….

JUDGE

………………………………………….

Petitioner

………………………………………….

Respondent

Qualified Domestic Relations Order Page 4

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