Common use of ASSIGNMENT OR PLEDGE Clause in Contracts

ASSIGNMENT OR PLEDGE. For the purposes of paragraphs (f ) and (g), assignment or pledge of any portion of the Participant’s interest in the Plan and a loan, pledge, or assignment with respect to any insurance contract purchased under the Plan, will be treated as a loan.

Appears in 2 contracts

Sources: 457 Governmental Deferred Compensation Plan and Trust, 457 Governmental Deferred Compensation Plan and Trust

ASSIGNMENT OR PLEDGE. For the purposes of paragraphs (f f) and (g), assignment or pledge of any portion of the Participant’s 's interest in the Plan and a loan, pledge, or assignment with respect to any insurance contract purchased under the Plan, will be treated as a loan.

Appears in 1 contract

Sources: Deferred Compensation Plan