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A domestic relations order is any judgment, decree, or order (including the approval of property settlement agreements) that relates to child support, alimony payments, or marital property rights of a spouse or child of the participant made pursuant to State domestic relations law. If your divorce settlement determined how future pension and/or retirement plan benefits will be divided, your ex-spouse's employer may need to receive a Qualified Domestic Relations Order (QDRO). Thus, if a stock option agreement states that the options are nontransferable, a domestic relations order requiring the options to be transferred nonetheless will generally be unenforceable. |
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