Common use of Plan Maximum Limit Clause in Contracts

Plan Maximum Limit. Subject to the legal limit described in (c) below, the maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is fifty percent (50%) of vested balance of the following Accounts: Pre-Tax Account Catch-up Account Special Account Matching Account Pay Based Account Former Matching Contribution Account ESOP Account TRASOP Account Rollover Account and Post-Tax Account.

Plan Maximum Limit. Subject to the legal limit described in (c) below, the maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is fifty percent (50%) of vested balance of the following Accounts: Pre-Tax Account Catch-up Account Special Account Matching Account Pay Based Account Former Matching Contribution Account ESOP Account TRASOP Account Rollover Account and Post-Tax Account.