Common use of In-Plan Xxxx Conversions Clause in Contracts

In-Plan Xxxx Conversions. In accordance with Article 5 of the Basic Plan Document and as may be limited in (2) below, any Participant who is still employed by the Employer may elect to have any part of the below-listed portions of his Account, which is fully vested, not part of an outstanding loan balance pursuant to Article 9 of the Basic Plan Document, not currently distributable and not “designated Xxxx contributions” under the Plan, be considered “designated Xxxx contributions” for purposes of the Plan. This subsection (a) shall be effective to permit such conversions on and after the following effective date: (can be no earlier than January 1, 2013).

Appears in 3 contracts

Samples: Alcoa Inc., Alcoa Inc., Alcoa Inc.

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In-Plan Xxxx Conversions. In accordance with Article 5 of the Basic Plan Document and as may be limited in (2) below, any Participant who is still employed by the Employer may elect to have any part of the below-listed portions of his Account, which is fully vested, not part of an outstanding loan balance pursuant to Article 9 of the Basic Plan Document, not currently distributable and not “designated Xxxx contributions” under the Plan, be considered “designated Xxxx contributions” for purposes of the Plan. This subsection (a) shall be effective to permit such conversions on and after the following effective date: ________________ (can be no earlier than January 1, 2013).

Appears in 1 contract

Samples: AVX Corp

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