Common use of Plan Distributions Clause in Contracts

Plan Distributions. Notwithstanding the provisions regarding the treatment of Differential Pay and if elected under AA §9-2(a), an individual may be treated as having a Severance from Employment during any period the individual is performing service in the Uniformed Services for purposes of receiving a Plan distribution under Code §457(d). If an individual elects to receive a distribution while on military leave, the individual may not make Salary Deferrals under the Plan during the 6-month period beginning on the date of the distribution.

Plan Distributions. Notwithstanding the provisions of Section 1.52 regarding the treatment of Differential Pay and if elected under AA §9-2(a)Pay, an individual may shall be treated as having a Severance been severed from Employment employment during any period the individual is performing service in the Uniformed Services for purposes of receiving a Plan distribution under Code §457(d401(k)(2)(B)(i)(I). If an individual elects to receive a distribution while on military leave, the individual may not make Salary Deferrals or Employee After-Tax Employee Contributions under the Plan during the 6-month period beginning on the date of the distribution.