Common use of ACCOUNTING FOR CASH-OUT REPAYMENT Clause in Contracts

ACCOUNTING FOR CASH-OUT REPAYMENT. As soon as is administratively practicable, the Plan Administrator will credit to the Participant’s Account the cash-out amount a Participant has repaid to the Plan. Pending the restoration of the Participant’s Account Balance, the Plan Administrator under Section 9.08(B) may direct the Trustee to place the Participant’s cash-out repayment in a temporary segregated investment Account. Unless the cash-out repayment qualifies as a Participant rollover contribution, the Plan Administrator will direct the Trustee to repay to the Participant as soon as is administratively practicable, the full amount of the Participant’s cash-out repayment if the Plan Administrator determines any of the conditions of Section 5.04(A) prevents restoration as of the applicable Accounting Date, notwithstanding the Participant’s repayment.

Appears in 2 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Trimeris Inc

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ACCOUNTING FOR CASH-OUT REPAYMENT. As soon as is administratively practicable, the Plan Administrator will credit to the Participant’s 's Account the cash-out amount a Participant has repaid to the Plan. Pending the restoration of the Participant’s 's Account Balance, the Plan Administrator under Section 9.08(B) may direct the Trustee to place the Participant’s 's cash-out repayment in a temporary segregated investment Account. Unless the cash-out repayment qualifies as a Participant rollover contribution, the Plan Administrator will direct the Trustee to repay to the Participant as soon as is administratively practicable, the full amount of the Participant’s 's cash-out repayment if the Plan Administrator determines any of the conditions of Section 5.04(A) prevents restoration as of the applicable Accounting Date, notwithstanding the Participant’s 's repayment.

Appears in 2 contracts

Samples: Participation Agreement (Petco Animal Supplies Inc), CRH Public LTD Co

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ACCOUNTING FOR CASH-OUT REPAYMENT. As soon as is administratively --------------------------------- practicable, the Plan Administrator will credit to the Participant’s 's Account the cash-out amount a Participant has repaid to the Plan. Pending the restoration of the Participant’s 's Account Balance, the Plan Administrator under Section 9.08(B) may direct the Trustee to place the Participant’s 's cash-out repayment in a temporary segregated investment Account. Unless the cash-out repayment qualifies as a Participant rollover contribution, the Plan Administrator will direct the Trustee to repay to the Participant as soon as is administratively practicable, the full amount of the Participant’s 's cash-out repayment if the Plan Administrator determines any of the conditions of Section 5.04(A) prevents restoration as of the applicable Accounting Date, notwithstanding the Participant’s 's repayment.

Appears in 1 contract

Samples: Adoption Agreement (Gold Banc Corp Inc)

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