Hardship Withdrawal definition

Hardship Withdrawal means the early payment of all or part of the balance in a Deferral Account(s) in the event of an Unforeseeable Emergency.
Hardship Withdrawal means a withdrawal on account of hardship pursuant to Section 8.02(c).
Hardship Withdrawal means the withdrawal made by reason of a Hardship in accordance with the provisions of SECTION TEN.

Examples of Hardship Withdrawal in a sentence

  • Any such Hardship Withdrawal shall be subject to any income tax withholding required under applicable law.

  • Hardship Withdrawal" means the early payment of all or part of the balance in a Deferral Account(s) in the event of an Unforeseeable Emergency.

  • The amount of the Deferral Benefit otherwise payable under the Plan to such Participant shall be adjusted to reflect the early payment of the Hardship Withdrawal.

  • For the purpose of this paragraph E, a Hardship Withdrawal shall mean a distribution to a Participant provided for in Reg.

  • The amount of a Hardship Withdrawal may not exceed the amount the Committee reasonably determines to be necessary to meet such emergency needs (including taxes incurred by reason of a taxable distribution).


More Definitions of Hardship Withdrawal

Hardship Withdrawal means the withdrawal made by reason of a Hardship in accordance with the provisions of Section Ten.
Hardship Withdrawal means payment of a portion of a Participant's Account due to an unforeseeable emergency that results in severe financial hardship to the Participant as provided in Section 4.3.
Hardship Withdrawal means a distribution necessary to meet the immediate and heavy financial need of the Employee, the Employee’s Spouse, dependent (within the meaning of Code § 152) or, if elected in the Adoption Agreement, the Participant’s primarynon-Spouse Beneficiary. Following any Hardship Withdrawal, a Participant’s Elective Deferrals and any After-Tax Contributions may be limited as provided in Article XI (In-Service Withdrawals and Loans) of the Plan, subject to any applicable provisions of the Code and Treasury Regulations.
Hardship Withdrawal means a distribution from the Member Pre-Tax Subaccount of a Member in accordance with Section 10.6 made on account of an immediate and heavy financial need of the Member that is necessary to satisfy the financial need. Index
Hardship Withdrawal. MODIFICATIONS: g) x Hardship distributions relating to medical, tuition, and funeral expenses of a Primary Beneficiary are permitted. h) The amount of an allowable hardship distribution will be determined using the non-safe harbor (general) rules. (Suspension of Elective Deferral Contributions and Participant Contributions is not required.) i) The minimum amount of any such withdrawal is $ . (Up to $1,000.) This withdrawal is subject to the provisions of Plan Section 5.05.
Hardship Withdrawal means, with respect to Plan ------------------- Years beginning after December 31, 1988, a withdrawal of any
Hardship Withdrawal means the withdrawal made by reason of a Hardship in accordance with the provisions of Plan Section Ten.