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Common use of Not Required Clause in Contracts

Not Required. A Participant may receive an In-Service Distribution even from a partially-Vested Account, but the amount distributed may not exceed the Vested amount in the distributing partially-Vested Account.

Appears in 5 contracts

Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc), 401(k) Plan Adoption Agreement (Caterpillar Inc), Adoption Agreement

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Not Required. A Participant may receive an In-Service Distribution even from a partially-Vested Account, but the amount distributed may not exceed the Vested amount in the distributing partially-Vested Account. (2) ¨ Minimum amount. A Participant may not receive an In-Service Distribution in an amount which is less than: $ (specify amount not exceeding $1,000). (3) ¨ Describe other conditions:

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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