Common use of Hardship Events Clause in Contracts

Hardship Events. A distribution under the Plan is hereby deemed to be on account of an immediate and heavy financial need of an Employee if the distribution is for one of the following or any other item permitted under Treasury Regulation section 1.401(k)-1(d)(3)(iii)(B):

Appears in 3 contracts

Samples: Plan for Hourly Employees (Quanex Corp), Agreement (Quanex Corp), Employee Savings Plan (Quanex Corp)

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Hardship Events. A distribution under the Plan is hereby deemed to be on account of an immediate and heavy financial need of an Employee if the distribution is for one of the following or any other item permitted under Treasury Regulation section Section 1.401(k)-1(d)(3)(iii)(B):

Appears in 2 contracts

Samples: Adoption Agreement (LSB Bancshares Inc /Nc/), Talbots Inc

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