Common use of Modification of definition of eligible rollover distribution to exclude hardship distributions Clause in Contracts

Modification of definition of eligible rollover distribution to exclude hardship distributions. For purposes of the direct rollover provisions of the plan, any amount that is distributed on account of hardship shall not be an eligible rollover distribution and the distributee may not elect to have any portion of such a distribution paid directly to an eligible retirement plan.

Appears in 6 contracts

Samples: 401(k) Plan Adoption Agreement (Americas Carmart Inc), 401(k) Plan Adoption Agreement (Americas Carmart Inc), Adoption Agreement (LSB Bancshares Inc /Nc/)

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Modification of definition of eligible rollover distribution to exclude hardship distributions. For purposes of the direct rollover Direct Rollover provisions of the planPlan, any amount that is distributed on account of hardship shall will not be an eligible rollover Rollover distribution and the distributee may not elect to have any portion of such a distribution paid directly to an eligible retirement plan.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Criimi Mae Inc)

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Modification of definition of eligible rollover distribution to exclude hardship distributions. For purposes of the direct rollover provisions of the planPlan, any amount that is distributed on account of hardship shall not be an eligible rollover distribution and the distributee may not elect to have any portion of such a distribution paid directly to an eligible retirement plan.

Appears in 1 contract

Samples: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)

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