Common use of Liquidation of a Participant Clause in Contracts

Liquidation of a Participant. s assets for the purpose of the loan will be allocated on a pro-rata basis across all the investment alternatives in a Participant’s account, unless otherwise specified by the Participant, Plan Administrator, or the Plan’s loan policy.

Appears in 6 contracts

Samples: Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Fraternity Community Bancorp Inc), Savings and Investment Plan Document (Sterling Chemicals Inc)

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Liquidation of a Participant. s assets for the purpose of the loan will be allocated on a pro-rata basis across all the investment alternatives in a Participant’s 's account, unless otherwise specified by the Participant, Plan Administrator, or the Plan’s 's loan policy.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Felcor Lodging Trust Inc)

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