Financial Hardship. An in-service withdrawal will be on account of financial hardship only if the Participant has an immediate and heavy financial need and the withdrawal is necessary to meet such need. A withdrawal will be deemed to be on account of an immediate and heavy financial need if it is occasioned by:
Appears in 6 contracts
Samples: 1165(e) Plan Adoption Agreement (Microsoft Corp), 1165(e) Plan Adoption Agreement (Microsoft Corp), 1165(e) Plan Adoption Agreement (Popular Inc)
Financial Hardship. An in-service withdrawal will be on account of financial hardship only if the Participant participant has an immediate and heavy financial need and the withdrawal is necessary to meet such the need. A withdrawal will be deemed to be on account of an immediate and heavy financial need if it is occasioned by:.
Appears in 1 contract
Samples: Adoption Agreement for a Non Standardized 401(k) Plan (Interpool Inc)
