Common use of Withdrawal Request Clause in Contracts

Withdrawal Request. A withdrawal request shall be made by filing the Appropriate Form with the Committee, which prior to August 1, 2006 may, in the discretion of the Committee require that the spouse of the Member, if any, execute a notarized written consent thereto. Effective January 1, 2002, the Appropriate Form in the case of a withdrawal under Section 7.2.3 shall include an agreement by the Member to the suspension of contributions described in Section 3.1.5.1, and to a similar suspension of “elective deferrals” (as defined in section 402(g)(3) of the Code) and of employee contributions under this Plan and all other qualified and nonqualified plans of deferred compensation (excluding mandatory employee contributions under any defined benefit plan), or stock option, stock purchase, or similar plans, of any Employer or Affiliate for six months from the date of such withdrawal (or until January 1, 2002, if later). Each such other plan shall be deemed amended by reason of this provision and the Member’s execution of the Appropriate Form to the extent necessary to give full effect to such agreement.

Appears in 1 contract

Sources: Savings Plan (Arrow Electronics Inc)

Withdrawal Request. A withdrawal request shall be made by filing the Appropriate Form with the Committee, which prior to August 1, 2006 may, in the discretion of the Committee require that the spouse of the Member, if any, execute a notarized written consent thereto. Effective January 1, 2002, the The Appropriate Form in the case of a withdrawal under Section 7.2.3 7.2.4 shall include an agreement by the Member to the suspension of contributions described in Section 3.1.5.1, and to a similar suspension of “elective deferrals” (as defined in section 402(g)(3) of the Code) and of employee contributions under this Plan and all other qualified and nonqualified plans of deferred compensation (excluding mandatory employee contributions under any defined benefit plan), or stock option, stock purchase, or similar plans, of any Employer or Affiliate for six months from the date of such withdrawal (or until January 1, 2002, if later). Each such other plan shall be deemed amended by reason of this provision and the Member’s 's execution of the Appropriate Form to the extent necessary to give full effect to such agreement.

Appears in 1 contract

Sources: Savings Plan (Arrow Electronics Inc)