Common use of Availability of Loans Clause in Contracts

Availability of Loans. Subject to the terms of any Investment Arrangement, Participant loans are available to all Participants and Beneficiaries (including an Alternate Payee under a QDRO). Participant loans are not available to a former Employee or Beneficiary. To override this default provision, complete this AA §B-3. 🗹 A former Employee or Beneficiary (including an Alternate Payee) who has a vested Account Balance may request a loan from the Plan.

Availability of Loans. Subject to the terms of any Investment Arrangement, Participant loans are available to all Participants and Beneficiaries (including an Alternate Payee under a QDRO). Participant loans are not available to a former Employee or Beneficiary. To override this default provision, complete this AA §B-3. 🗹 A former Employee or Beneficiary (including an Alternate Payee) who has a vested Account Balance may request a loan from the Plan.

Availability of Loans. Subject to the terms of any Investment Arrangement, Participant loans are available to all Participants and Beneficiaries (including an Alternate Payee under a QDRO). Participant loans are not available to a former Employee or Beneficiary. To override this default provision, complete this AA §B-3. 🗹🞎 A former Employee or Beneficiary (including an Alternate Payee) who has a vested Account Balance may request a loan from the Plan.