Common use of Limitation on Withdrawals due to Unforeseeable Emergency Clause in Contracts

Limitation on Withdrawals due to Unforeseeable Emergency. The Employer or TPA shall ensure that any distribution that is made to a Participant from the Account for reason of an unforeseeable emergency complies with Treasury Regulations Section 1.457-6(c) and shall instruct the Custodian concerning any distribution to be made under this provision.

Appears in 4 contracts

Samples: Custodial Account Agreement, Agreement, Custodial Account Agreement

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