Common use of Hardship Withdrawals Clause in Contracts

Hardship Withdrawals. Prior to age 59 1/2, a Participant may withdraw balances attributable to Elective Deferrals (including Xxxx Elective Deferrals, if applicable) for reason of Hardship only. Safe Harbor Contributions, Qualified Matching Contributions, and Qualified Non-Elective Contributions are not available for Hardship distributions.

Appears in 3 contracts

Samples: Nonstandardized Adoption Agreement (United Community Bancorp), Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), ASB Bancorp Inc

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Hardship Withdrawals. Prior to age 59 1/2591/2, a Participant may withdraw balances attributable to Elective Deferrals (including Xxxx Elective Deferrals, if applicable) for reason of Hardship only. Safe Harbor Contributions, Qualified Matching Contributions, and Qualified Non-Elective Contributions are not available for Hardship distributions.

Appears in 2 contracts

Samples: Participation Agreement (Sterling Chemicals Inc), Sterling Chemicals Inc

Hardship Withdrawals. Prior to age 59 1/259½, a Participant may withdraw balances attributable to Elective Deferrals (including Xxxx Rxxx Elective Deferrals, if applicable) for reason of Hardship only. Safe Harbor Contributions, Qualified Matching Contributions, and Qualified Non-Elective Contributions are not available for Hardship distributions.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc)

Hardship Withdrawals. Prior to age 59 1/259%, a Participant may withdraw balances attributable to Elective Deferrals (including Xxxx Elective Deferrals, if applicable) for reason of Hardship only. Safe Harbor Contributions, Qualified Matching Contributions, and Qualified Non-Elective Contributions are not available for Hardship distributions. 1. Hardship withdrawals are not permitted in the Plan.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (BBCN Bancorp Inc)

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Hardship Withdrawals. Prior to age 59 1/259½, a Participant may withdraw balances attributable to Elective Deferrals (including Xxxx Elective Deferrals, if applicable) for reason of Hardship only. Safe Harbor Contributions, Qualified Matching Contributions, and Qualified Non-Elective Contributions are not available for Hardship distributions.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp)

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