Distributions to Individuals Performing Service in Uniformed Services Sample Clauses

Distributions to Individuals Performing Service in Uniformed Services. If (and only if) elected by the Employer in the Adoption Agreement, a Participant who is deemed to have incurred a Severance from Employment on account of performing services in the uniformed services (as defined in chapter 43 of title 38, United States Code) for a period active duty of more than 30 days may elect to receive a distribution of all or a portion of the Participant’s Account under the Plan. However, the Plan will not distribute the Participant’s Account without the Participant’s consent. If the Participant elects to receive a distribution under this provision, the Participant may not make an Elective Deferral Contribution or a Designed Xxxx Contribution to the Plan during the 6-month period beginning on the date of the distribution.
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Related to Distributions to Individuals Performing Service in Uniformed Services

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