Common use of Hardship Distributions Clause in Contracts

Hardship Distributions. An Employee may not have Elective Contributions made on his or her behalf for the taxable year following the taxable year of a hardship distribution in excess of the applicable limit under Section 402(g) of the Code for such taxable year less the amount of the Employee's Elective Deferrals for the taxable year of the hardship distribution.

Hardship Distributions. An Employee may not have Elective Contributions made on his or her behalf for the taxable year following the taxable year of a hardship Hardship distribution in excess of the applicable limit under Section section 402(g) of the Code for such taxable year less the amount of the Employee's Elective Deferrals for the taxable year of the hardship Hardship distribution.