Common use of Liquidation of a Participant Clause in Contracts

Liquidation of a Participant. s assets for the purpose of the loan will be allocated on a pro-rata basis across all the investment alternatives in a Participant’s account, unless otherwise specified by the Participant, Plan Administrator, or the Plan’s loan policy.

Appears in 6 contracts

Samples: Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), Participation Agreement (Sterling Chemicals Inc)

AutoNDA by SimpleDocs

Liquidation of a Participant. s assets for the purpose of the loan will be allocated on a pro-rata basis across all the investment alternatives in a Participant’s 's account, unless otherwise specified by the Participant, Plan Administrator, or the Plan’s 's loan policy.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Felcor Lodging Trust Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.