Common use of HARDSHIP DISTRIBUTIONS Clause in Contracts

HARDSHIP DISTRIBUTIONS. Hardship distributions are: [X] (1) permitted and shall be made from the vested portion of a Participant's Accounts (other than his or her Qualified Nonelective Contributions Account, Qualified Matching Contributions Account, QVEC Account, earnings accrued after December 31, 1988 on the Participant's Pre-Tax Contributions, or Safe Harbor Contributions under Section 3.16) as provided in Section 5.9.1. [ ] (2) not permitted.

Appears in 1 contract

Sources: Profit Sharing Plan Adoption Agreement (Mpsi Systems Inc)

HARDSHIP DISTRIBUTIONS. Hardship distributions are: [X] Distributions are (select one): þ (1) permitted and shall be made from the vested portion of a Participant's Accounts (other than his or her Qualified Nonelective Contributions Account, Qualified Matching Contributions Account, QVEC Account, earnings accrued after December 31, 1988 on the Participant's Pre-Tax Elective Deferral Contributions, or Safe Harbor Contributions under Section 3.16) 3.14 as provided in Section 5.9.15.9.1 of the Base Plan Document. [ ] ¨ (2) not permitted.

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Colfax CORP)

HARDSHIP DISTRIBUTIONS. Hardship distributions are: [X] Distributions are (select one): x (1) permitted and shall be made from the vested portion of a Participant's ’s Accounts (other than his or her Qualified Nonelective Contributions Account, Qualified Matching Contributions Account, QVEC Account, earnings accrued after December 31, 1988 on the Participant's Pre-Tax ’s Elective Deferral Contributions, or Safe Harbor Contributions under Section 3.16) 3.14 as provided in Section 5.9.1. [ ] (2) not permitted5.9.1 of the Base Plan Document.

Appears in 1 contract

Sources: Defined Contribution Plan and Trust (Triad Guaranty Inc)

HARDSHIP DISTRIBUTIONS. Hardship distributions are: [X] Distributions are (select one): þ (1) permitted and shall be made from the vested portion of a Participant's ’s Accounts (other than his or her Qualified Nonelective Contributions Account, Qualified Matching Contributions Account, QVEC Account, earnings accrued after December 31, 1988 on the Participant's Pre-Tax ’s Elective Deferral Contributions, or Safe Harbor Contributions under Section 3.16) 3.14 as provided in Section 5.9.15.9.1 of the Base Plan Document. [ ] ¨ (2) not permitted.

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)

HARDSHIP DISTRIBUTIONS. Hardship distributions are: [X] Distributions are (select one): þ (1) permitted and shall be made from the vested portion of a Participant's ’s Accounts (other than his or her Qualified Nonelective Contributions Account, Qualified Matching Contributions Account, QVEC Account, earnings accrued after December 31, 1988 on the Participant's Pre-Tax ’s Elective Deferral Contributions, or Safe Harbor Contributions under Section 3.16) 3.14 as provided in Section 5.9.15.9.1 of the Base Plan Document. [ ] o (2) not permitted.

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (SXC Health Solutions Corp.)

HARDSHIP DISTRIBUTIONS. Hardship distributions are: [X] Distributions are (select one): ¨ (1) permitted and shall be made from the vested portion of a Participant's Accounts (other than his or her Qualified Nonelective Contributions Account, Qualified Matching Contributions Account, QVEC Account, earnings accrued after December 31, 1988 on the Participant's Pre-Tax Elective Deferral Contributions, or Safe Harbor Contributions under Section 3.16) 3.14 as provided in Section 5.9.15.9.1 of the Base Plan Document. [ ] þ (2) not permitted.

Appears in 1 contract

Sources: Adoption Agreement (Books a Million Inc)