Common use of Loan Security Clause in Contracts

Loan Security. Notwithstanding anything to the contrary in this Section 3.10, a Participant may not make a withdrawal pursuant to this Section of any portion of the Participants vested interest which has been assigned to secure repayment of a loan in accordance with Section 11.10, below, until such time as the Committee shall have released said portion so assigned.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan Adoption Agreement (Priority Healthcare Corp), Adoption Agreement (Abbott Laboratories)

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Loan Security. Notwithstanding anything to the contrary in this Section 3.103.11, a Participant may not make a withdrawal withdrawal, pursuant to this Section of any portion of the Participants Participant's vested interest which has been assigned to secure repayment of a loan in accordance with Section 11.10, below, until such time as the Committee shall have released said portion so assigned.

Appears in 2 contracts

Samples: 401(k) Profit Sharing Plan Adoption Agreement (Priority Healthcare Corp), Adoption Agreement (Abbott Laboratories)

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