Common use of Accounting for Participant Loans Clause in Contracts

Accounting for Participant Loans. Participant loans shall be held in a separate Loan Account of the Participant and accounted for in dollars as an earmarked asset of the borrowing Participant's Account.

Appears in 13 contracts

Samples: Employee Stock Savings Plan (La Gear Inc), Financial Security Plan and Trust Agreement (Caliber System Inc), 401(k) Maximum Advantage Program and Trust Agreement (Gerber Scientific Inc)

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Accounting for Participant Loans. Participant loans shall will be held in a separate Loan Account of the Fund for investment only by such Participant and accounted for in dollars as an earmarked asset of the borrowing Participant's ’s Account.

Appears in 4 contracts

Samples: Salaried 401(k) Plan (Pepsiamericas Inc/Il/), 401(k) Plan (Pepsiamericas Inc/Il/), 401(k) Plan (Pepsiamericas Inc/Il/)

Accounting for Participant Loans. Participant loans shall be held in a separate Loan Account of the Participant and accounted for in dollars as an earmarked asset of the borrowing Participant's Account.

Appears in 4 contracts

Samples: Plan and Trust Agreement (Roadway Services Inc), Retirement Savings Plan and Trust Agreement (Southdown Inc), Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/)

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Accounting for Participant Loans. Participant loans shall be held in a separate Loan Account of the Participant and accounted for in dollars as an earmarked asset of the borrowing Participant's ’s Account.

Appears in 1 contract

Samples: 401(k) Plan and Trust Agreement (Leggett & Platt Inc)

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