Limitation on Amount. The amount of any such loan, when added to the outstanding balance of all other loans from the Plan (and any other qualified retirement plans of the Employer's) to the Participant, shall not exceed the following: Participant's Vested Maximum Amount Account Balance of Loan $0 - $10,000 100% of vested Account balance $10,000 - $20,000 $10,000 $20,000 - $100,000 50% of vested Account balance over $100,000 $50,000 The value of the Participant's Account balance shall be as determined by the Administrator; provided, however, that such determination shall in no event take into account the portion of the Participant's Account attributable to the Participant's Deductible Voluntary Contribution Account.
Appears in 3 contracts
Samples: Scudder Investment Trust, Scudder Equity Trust, Scudder Portfolio Trust/
Limitation on Amount. The amount of any such loan, when added to the outstanding balance of all other loans from the Plan (and any other qualified retirement plans plan of the Employer's) to the Participant, shall not exceed the following: Participant's Vested Maximum Amount Account Balance of Loan $0 - $10,000 100% of vested Account balance $10,000 110,000 - $20,000 $10,000 $20,000 - $100,000 50% of vested Account balance over $100,000 $50,000 The value of the Participant's Account balance shall be as determined by the AdministratorEmployer; provided, however, that such determination shall in no event take into account the portion of the Participant's Account attributable to the Participant's Participant Deductible Voluntary Contribution AccountContributions.
Appears in 1 contract
Samples: Scudder Gnma Fund