Repayment Rights. A Participant-recipient of a Qualified Hurricane-related Distribution shall have the right at any time during a three-year period commencing as of the day after the date that the Qualified Hurricane-related Distribution is received, to make a repayment or repayments of said distribution to the Plan (or another Eligible Retirement Plan) in an amount not exceeding the principal amount of the Qualified Hurricane-related Distribution. Further, a Participant-recipient of a Qualified Hurricane-related Distribution for the purchase of a principal residence may make a repayment or repayments of said distribution to the Plan (or another Eligible Retirement Plan) in an amount not exceeding the principal amount of the Qualified Hurricane-related Distribution if said repayment occurred during the period commencing on August 25, 2005 and ending February 28, 2006 with respect to a Hurricane Xxxxxxx-related distribution, during a period commencing on September 23, 2005 and ending February 28, 2006 with respect to a Hurricane Xxxx-related distribution, or during a period commencing on October 23, 2005 and ending February 28, 2006 with respect to a Hurricane Xxxxx-related distribution.
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Samples: Participation Agreement (Sterling Chemicals Inc), Sterling Chemicals Inc
Repayment Rights. A Participant-recipient of a Qualified Hurricane-related Distribution shall have the right at any time during a three-year period commencing as of the day after the date that the Qualified Hurricane-related Distribution is received, received to make a repayment or repayments of said distribution to the Plan (or another Eligible Retirement Plan) in an amount not exceeding the principal amount of the Qualified Hurricane-related Distribution. Further, a Participant-recipient of a Qualified Hurricane-related Distribution for the purchase of a principal residence may make a repayment or repayments of said distribution to the Plan (or another Eligible Retirement Plan) in an amount not exceeding the principal amount of the Qualified Hurricane-related Distribution if said repayment occurred during the period commencing on August 25, 2005 and ending February 28, 2006 with respect to a Hurricane XxxxxxxKxxxxxx-related distribution, during a period commencing on September 23, 2005 and ending February 28, 2006 with respect to a Hurricane XxxxRxxx-related distribution, or during a period commencing on October 23, 2005 and ending February 28, 2006 with respect to a Hurricane XxxxxWxxxx-related distribution.
Appears in 1 contract
Samples: Century Bancorp Inc
Repayment Rights. A Participant-recipient of a Qualified Hurricane-related Distribution shall have the right at any time during a three-year period commencing as of the day after the date that the Qualified Hurricane-related Distribution is received, received to make a repayment or repayments of said distribution to the Plan (or another Eligible Retirement Plan) in an amount not exceeding the principal amount of the Qualified Hurricane-related Distribution. Further, a Participant-recipient of a Qualified Hurricane-related Distribution for the purchase of a principal residence may make a repayment or repayments of said distribution to the Plan (or another Eligible Retirement Plan) in an amount not exceeding the principal amount of the Qualified Hurricane-related Distribution if said repayment occurred during the period commencing on August 25, 2005 and ending February 28, 2006 with respect to a Hurricane Xxxxxxx-related distribution, during a period commencing on September 23, 2005 and ending February 28, 2006 with respect to a Hurricane Xxxx-related distribution, or during a period commencing on October 23, 2005 and ending February 28, 2006 with respect to a Hurricane Xxxxx-related distribution.
Appears in 1 contract
Samples: Prototype Defined Contribution Plan (FNB United Corp.)