Common use of Loan Provisions Clause in Contracts

Loan Provisions. [ ] A. Participant loans are not available from the Plan. [x] B. Participant loans are permitted in accordance with the Employer’s established loan procedures. [ ] C. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance with the Uniformed Services Employment and Reemployment Rights Act of 1994.

Appears in 3 contracts

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Adoption Agreement (Connecticut Water Service Inc / Ct), Adoption Agreement (Connecticut Water Service Inc / Ct)

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Loan Provisions. [ ] A. Participant loans are not available from the Plan. [x] B. Participant loans are permitted in accordance with the Employer’s 's established loan procedures. [ ] C. B. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance with the Uniformed Services Employment and Reemployment Rights Act of 1994.

Appears in 3 contracts

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Nonstandardized Adoption Agreement (CRH Public LTD Co)

Loan Provisions. [ ] A. Participant loans are not available from the Plan. [x] B. Participant loans are permitted in accordance with the Employer’s established loan procedures. [ [x] C. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance with the Uniformed Services Employment and Reemployment Rights Act of 1994.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (1st Constitution Bancorp), Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

Loan Provisions. [ [x] A. Participant loans are not available from the Plan. [x[ ] B. Participant loans are permitted in accordance with the Employer’s established loan procedures. [ ] C. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance with the Uniformed Services Employment and Reemployment Rights Act of 1994.

Appears in 1 contract

Samples: Defined Contribution Plan (Savannah Bancorp Inc)

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Loan Provisions. [ ] A. Participant loans are not available from the Plan. [x] B. A. Participant loans are permitted in accordance with the Employer’s 's established loan procedures. [ [x] C. B. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance accordance with the Uniformed Services Service Employment and Reemployment Rights Act of 1994.

Appears in 1 contract

Samples: Adoption Agreement (Thomasville Bancshares Inc)

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