Participant Loans. Except to the extent required by law, an alternate payee, on whose behalf a separate Account has been established, shall not be entitled to borrow from such Account. If a QDRO specifies that the alternate payee is entitled to any portion of the Account of a Participant who has an outstanding loan balance, all outstanding loans shall generally continue to be held in the Participant's Account and shall not be divided between the Participant's and alternate payee's Accounts.
Appears in 9 contracts
Samples: Employee Savings Plan Agreement (Nipsco Industries Inc), Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/), Employees' Savings Plan and Trust Agreement (Timken Co)
Participant Loans. Except to the extent required by law, an alternate payeeAlternate Payee, on whose behalf a separate Account has been established, shall not be entitled to borrow from such Account. If a QDRO specifies that the alternate payee Alternate Payee is entitled to any portion of the Account of a Participant who has an outstanding loan balance, all outstanding loans shall generally continue to be held in the Participant's Account and shall not be divided between the Participant's and alternate payeeAlternate Payee's Accounts.
Appears in 5 contracts
Samples: 401(k) Savings Plan and Trust Agreement (Advo Inc), Savings Plan and Trust Agreement (Riviana Foods Inc /De/), Savings Plan and Trust Agreement (Hanna M a Co/De)
Participant Loans. Except to the extent required by law, an alternate payee, on whose behalf a separate Account has been established, shall An Alternate Payee will not be entitled to borrow from such his or her Account. If a QDRO specifies that the alternate payee Alternate Payee is entitled to any portion of the Account of a Participant who has an outstanding loan balance, all outstanding loans shall generally will continue to be held in the Participant's ’s Account and shall will not be divided between the Participant's ’s and alternate payee's Alternate Xxxxx’s Accounts.
Appears in 4 contracts
Samples: 401(k) Plan (Pepsiamericas Inc/Il/), Salaried 401(k) Plan (Pepsiamericas Inc/Il/), Salaried 401(k) Plan (Pepsiamericas Inc/Il/)
Participant Loans. Except to the extent required by law, an alternate payeeAlternate Payee, on whose behalf a separate Account has been established, shall not be entitled to borrow from such Account. If a QDRO specifies that the alternate payee Alternate Payee is entitled to any portion of the Account of a Participant who has an outstanding loan balance, all outstanding loans shall generally shall, generally, continue to be held in the Participant's ’s Account and shall not be divided between the Participant's ’s and alternate payee's Alternate Payee’s Accounts.
Appears in 1 contract
Samples: 401(k) Plan and Trust Agreement (Leggett & Platt Inc)
Participant Loans. Except to the extent required by law, an alternate payee, on whose behalf a separate Account has been established, shall not be entitled to borrow from such Account. If a QDRO specifies that the alternate payee is entitled to any portion of the Account of a Participant who has an outstanding loan balance, all outstanding loans -------------------------------------------------------------------------------- shall generally continue to be held in the Participant's Account and shall not be divided between the Participant's and alternate payee's Accounts.
Appears in 1 contract
Samples: Financial Security Plan and Trust Agreement (Caliber System Inc)
Participant Loans. Except to the extent required by law, an alternate payeeAlternate Payee, on whose behalf a separate Account has been established, shall not be entitled to borrow from such Account. If a QDRO specifies that the alternate payee Alternate Payee is entitled to any portion of the Account of a Participant who has an outstanding loan balance, all outstanding loans shall generally continue to be held in the Participant's Account and shall not be divided between the Participant's and alternate payeeAlternate Payee's Accounts.
Appears in 1 contract
Samples: Salaried Savings Plan and Trust Agreement (Longview Fibre Co)
