Common use of Financial Hardship Distributions Clause in Contracts

Financial Hardship Distributions. Hardship Distributions are ⌧ or are not available under the Plan. (Default: If no election made, Hardship Distributions are permitted) Loans: Loans are or are not ⌧ available under the Plan subject to availability and any additional conditions that may apply under a Participant’s 403(b) Individual Agreement(s). (Default: If no election made, loans are permitted) Note: The Plan prohibits loans to any Participant who has an existing outstanding defaulted loan under any retirement or deferred compensation plan sponsored by the Employer. Direct Xxxx Rollovers: If Xxxx 403(b) Contributions are permitted to the Plan (above), direct rollovers from other Xxxx 403(b) or Xxxx 401(k) plans are , are not accepted into the Plan or ⌧ Not Applicable because Xxxx Contributions are not permitted to the Plan. (Default: If no election made, direct rollovers of Xxxx contributions will be permitted), Plan Administration: The Plan shall be administered: By Employer Jointly by Employer and Vendors. Unless otherwise agreed to by the affected parties, Employer and the provider/issuer of each Funding Vehicle shall jointly act as Administrator of the Plan. Employer shall be responsible for matters relating to eligibility (including providing notice of the Plan to Employees), enrollment opportunities, authorizing disbursements in accordance with Section 5, and proper tax reporting on Contributions, Plan document maintenance and payroll related issues. The Funding Vehicles are responsible for matters relating to investing Contributions as directed by Participants, beneficiary designations, distributions authorized by the Employer, Exchanges, Transfers, Rollovers, loans, withdrawals and post-employment compliance, such as tax reporting, notice requirements and withholding on distributions. ⌧ By a designated Administrator. The Employer has named AMERICAN FIDELITY ASSURANCE CO. to act in this capacity. The following section may be used to insert provisions for which there were no acceptable alternatives provided. It may be used to modify any portion of the Plan or Adoption Agreement.

Financial Hardship Distributions. Hardship Distributions are ⌧ or are not available under the Plan. (Default: If no election made, Hardship Distributions are permitted) Loans: Loans are or are not ⌧ available under the Plan subject to availability and any additional conditions that may apply under a Participant’s 403(b) Individual Agreement(s). (Default: If no election made, loans are permitted) Note: The Plan prohibits loans to any Participant who has an existing outstanding defaulted loan under any retirement or deferred compensation plan sponsored by the Employer. Direct Xxxx Rollovers: If Xxxx 403(b) Contributions are permitted to the Plan (above), direct rollovers from other Xxxx 403(b) or Xxxx 401(k) plans are , are not accepted into the Plan or ⌧ Not Applicable because Xxxx Contributions are not permitted to the Plan. (Default: If no election made, direct rollovers of Xxxx contributions will be permitted), Plan Administration: The Plan shall be administered: By Employer Jointly by Employer and Vendors. Unless otherwise agreed to by the affected parties, Employer and the provider/issuer of each Funding Vehicle shall jointly act as Administrator of the Plan. Employer shall be responsible for matters relating to eligibility (including providing notice of the Plan to Employees), enrollment opportunities, Contributions authorizing disbursements in accordance with Section 5, and proper tax reporting on Contributions, Plan document maintenance and payroll related issues. The Funding Vehicles are responsible for matters relating to investing Contributions as directed by Participants, beneficiary designations, distributions authorized by the Employer, Exchanges, Transfers, Rollovers, loans, withdrawals and post-employment compliance, such as tax reporting, notice requirements and withholding on distributions. ⌧ By a designated Administrator. The Employer has named AMERICAN FIDELITY ASSURANCE CO. to act in this capacity. The following section may be used to insert provisions for which there were no acceptable alternatives provided. It may be used to modify any portion of the Plan or Adoption Agreement.

Financial Hardship Distributions. Hardship Distributions are ⌧ or are not available under the Plan. (Default: If no election made, Hardship Distributions are permitted) Loans: Loans are or are not ⌧ available under the Plan subject to availability and any additional conditions that may apply under a Participant’s 403(b) Individual Agreement(s). (Default: If no election made, loans are permitted) Note: The Plan prohibits loans to any Participant who has an existing outstanding defaulted loan under any retirement or deferred compensation plan sponsored by the Employer. Direct Xxxx Rollovers: If Xxxx 403(b) Contributions are permitted to the Plan (above), direct rollovers from other Xxxx 403(b) or Xxxx 401(k) plans are , are not accepted into the Plan or ⌧ Not Applicable because Xxxx Contributions are not permitted to the Plan. (Default: If no election made, direct rollovers of Xxxx contributions will be permitted), Plan Administration: The Plan shall be administered: By Employer Jointly by Employer and Vendors. Unless otherwise agreed to by the affected parties, Employer and the provider/issuer of each Funding Vehicle shall jointly act as Administrator of the Plan. Employer shall be responsible for matters relating to eligibility (including providing notice of the Plan to Employees), enrollment opportunities, authorizing disbursements in accordance with Section 5, and proper tax reporting on Contributions, Plan document maintenance and payroll related issues. The Funding Vehicles are responsible for matters relating to investing Contributions as directed by Participants, beneficiary designations, distributions authorized by the Employer, Exchanges, Transfers, Rollovers, loans, withdrawals and post-employment compliance, such as tax reporting, notice requirements and withholding on distributions. ⌧ By a designated Administrator. The Employer has named AMERICAN FIDELITY ASSURANCE CO. to act in this capacity. The following section may be used to insert provisions for which there were no acceptable alternatives provided. It may be used to modify any portion of the Plan or Adoption Agreement.