Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the Administrator. All loans shall be evidenced by a promissory note, secured only by the portion of the Participant's Account from which the loan is made, and the Plan shall have a lien on this portion of his or her Account.
Appears in 11 contracts
Samples: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/), Employee Stock Savings Plan (La Gear Inc), Retirement Savings Plan and Trust Agreement (Southdown Inc)
Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the Administrator. All loans Each loan shall be evidenced by a promissory note, secured only by the portion of the Participant's Account from which the loan is made, and the Plan shall have a lien on this portion of his or her Account.
Appears in 5 contracts
Samples: 401(k) Savings Plan and Trust Agreement (Advo Inc), Salaried Savings Plan and Trust Agreement (Longview Fibre Co), 401(k) Maximum Advantage Program and Trust Agreement (Gerber Scientific Inc)
Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the AdministratorAdministrative Committee. All loans shall be evidenced by a promissory note, secured only by the portion of the Participant's ’s Account from which the loan is made, and the Plan shall have a lien on this portion of his or her the Participant’s Account.
Appears in 1 contract
Samples: 401(k) Plan and Trust Agreement (Leggett & Platt Inc)
Loan Application, Note and Security. A Participant shall apply for any loan in such manner and with such advance notice as prescribed by the Administrator. All loans Each loan shall be evidenced by a promissory note, secured only by the portion of the Participant's Account from which the loan is made, and the Plan shall have a lien on this portion of his or her on hen Account.
Appears in 1 contract
