Suspension from Further Contributions Clause Samples
The "Suspension from Further Contributions" clause allows a party, typically the project manager or employer, to temporarily halt a contractor’s or participant’s ability to make additional contributions to a project or fund. This suspension may be triggered by specific events such as breaches of contract, non-compliance with project requirements, or financial concerns. By enabling this pause, the clause helps protect the interests of the project or fund by preventing further complications or risks while issues are investigated or resolved.
Suspension from Further Contributions. An Over Age 59 1/2 withdrawal shall not affect a Participant's ability to make or be eligible to receive further Contributions.
Suspension from Further Contributions. Upon making a Hardship withdrawal, a Participant may not make additional Employee Pre-Tax Contributions (or additional contributions to all other qualified and nonqualified plans of deferred compensation and all stock option or stock purchase plans maintained by Related Companies) for a period of 12 months from the date the withdrawal payment is made.
Suspension from Further Contributions. An After-Tax Account withdrawal shall not affect a Participant's ability to make or be eligible to receive further Contributions.
Suspension from Further Contributions. A Rollover Account withdrawal shall not affect a Participant's ability to make or be eligible to receive further Contributions.
Suspension from Further Contributions. Upon making an After-Tax Account withdrawal, a Participant may not make additional After-Tax Contributions for a period of six months from the date the withdrawal payment is made.
Suspension from Further Contributions. A Prior Company Account Plus withdrawal shall not affect a Participant's ability to make or be eligible to receive further Contributions.
Suspension from Further Contributions. A Hardship withdrawal shall not affect a Participant's ability to make or be eligible to receive further Contributions.
Suspension from Further Contributions. Upon making an After-Tax Account withdrawal, a Participant shall not be eligible to receive Company Match Contributions on his or her After-Tax Contributions for the quarter of the Plan Year in which the withdrawal payment is made.
Suspension from Further Contributions. Upon making a Company Contribution Accounts withdrawal, a Participant shall not be eligible to receive Company Match Contributions on his or her After-Tax Contributions for the quarter of the Plan Year in which the withdrawal payment is made if any amounts attributable to his or her After-Tax Account are withdrawn.
Suspension from Further Contributions. Upon making a Company Approved Hardship Withdrawal, a Participant shall not be eligible to receive Company Match and Stock Matching Contributions for a period of three months from the date the withdrawal payment is made.