Common use of Suspension of deferrals Clause in Contracts

Suspension of deferrals. If an individual elects to receive a distribution by reason of severance from employment, death or disability, the individual may not make an elective deferral or employee contribution during the 6-month period beginning on the date of the distribution.

Suspension of deferrals. If an individual elects to receive a distribution by reason of severance from employment, death or disabilityemployment as described in subsection (a) above, the individual may not make an elective deferral or employee contribution during the 6-month period beginning on the date of the distribution.”