Loan Offset. The Plan Administrator will reduce the Participant's Vested Account Balance by any security interest (pursuant to any offset rights authorized by Section 10.03(E)) held by the Plan by reason of a Participant loan, to determine the value of the Participant's Vested Account Balance distributable in the form of a QJSA or QPSA, provided the loan satisfied the spousal consent requirement described in Section 10.03(E).
Appears in 4 contracts
Samples: Participation Agreement (Petco Animal Supplies Inc), Adoption Agreement (Gold Banc Corp Inc), Bank of Granite Corp
Loan Offset. The Plan Administrator will reduce the Participant's ’s Vested Account Balance by any security interest (pursuant to any offset rights authorized by Section 10.03(E)) held by the Plan by reason of a Participant loan, to determine the value of the Participant's ’s Vested Account Balance distributable in the form of a QJSA or QPSA, provided the loan satisfied the spousal consent requirement described in Section 10.03(E).
Appears in 2 contracts
Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Trimeris Inc
Loan Offset. The Plan Administrator will reduce the Participant's Vested Account Balance by any security interest (pursuant to any offset rights authorized by Section 10.03(E)6.06) held by the Plan by reason of a Participant loan, to determine the value of the Participant's Vested Account Balance distributable in the form of a QJSA or QPSA, provided the loan satisfied the spousal consent requirement described in Section 10.03(E7.06(D).
Appears in 2 contracts
Samples: Plan and Trust Agreement (Bob Evans Farms Inc), Plan and Trust Agreement (Finisar Corp)
Loan Offset. The Plan Administrator will reduce the Participant's ’s Vested Account Balance by any security interest (pursuant to any offset rights authorized by Section 10.03(E)6.06) held by the Plan by reason of a Participant loan, to determine the value of the Participant's ’s Vested Account Balance distributable in the form of a QJSA or QPSA, provided the loan satisfied the spousal consent requirement described in Section 10.03(E7.06(D).
Appears in 1 contract
Samples: Adoption Agreement (Knowles Corp)
