If this is the actual language from the QDRO then yes payment would appear not to be required until one of the triggering events. However, that is very unusual language for 401K QDRO. Usually a spouses portion of the 401K proceeds would be separated upon the acceptance of the QDRO by the plan administrator and then that spouse, usually referred to as the alternative beneficiary, could withdraw, transfer and or continue to invest those funds with the plan as the plan language would allow. If this QDRO has been sent to you for review and approval before being conformed by the court you need to have an attorney familiar with such orders review it and advise you further.
Daniel Bachert, Esq.
The Bachert Law Firm, P.A.
330 Clematis Street, Suite 222
West Palm Beach, Florida 33401
Please be aware and advised that this public forum is designed to provide only general information, to give you a basis of legal knowledge. This public forum does not give you attorney-client privilege. You and I have not entered into an attorney-client relationship. I am not responsible for your legal rights and this answer is based solely on the information you have provided in your question and as always, I would advise that you arrange for an in person consultation with an attorney from my firm or another Family Law attorney familiar with Florida Family Law who can analyze the specific facts and circumstances of your case more closely to better advise you.
Explanations and interpretations of most concepts in the law are complicated enough. Explanations and interpretations of Qualified Domestic Relations Orders are the stuff of experts and specialists. A lot of family law lawyers farm these things out to specialists because they can be a real pain and very difficult to have approved. Do yourself a favor, get a lawyer to help figure out what it means, don't depend on help from lawyers you find on the Internet.
A weekly guide with tips and legal advice for each stage of the process.