Common use of Participant Loans Clause in Contracts

Participant Loans. Participation loans (check (a) or (b)): (a) |X| will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, and will be granted (check (1) or (2)): (1) |X| for any purpose. (2) |_| for hardship withdrawal (as defined in Section 7.10) purposes only. (b) |_| will not be allowed.

Appears in 1 contract

Samples: Adoption Agreement (PSW Technologies Inc)

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Participant Loans. Participation Participant loans (check (a) or (b)): ): (a) |X| x will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, amount and will be granted (check (1) or (2)): ): (1) |X| 1)x for any purpose. (2) |_| for hardship withdrawal (as defined in Section 7.10) purposes only. . (b) |_| will not be allowed.

Appears in 1 contract

Samples: Adoption Agreement (Smith Corona Corp)

Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| [X] will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, amount and will be granted (check (1) or (2)): (1) |X| [X] for any purpose. (2) |_| [ ] for hardship withdrawal (as defined in Section 7.10) purposes only. (b) |_| [ ] will not NOT be allowed.

Appears in 1 contract

Samples: 401(k) Plan (Dragon Systems Inc)

Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| |_| will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, amount and will be granted (check (1) or (2)): (1) |X| |_| for any purpose. (2) |_| for hardship withdrawal (as defined in Section 7.10) purposes only. (b) |_| |X| will not be allowed.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Marine Transport Corp)

Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, amount and will be granted (check (1) or (2)): (1) |X| for any purpose. (2) |_| for hardship withdrawal purposes (as defined in Section 7.107.09) purposes only. (b) |_| X/ will not be allowed.

Appears in 1 contract

Samples: Severance Agreement (Risk Capital Holdings Inc)

Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| X/ will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, amount and will be granted (check (1) or (2)): (1) |X| X/ for any purpose. (2) |_| for hardship withdrawal (as defined in Section 7.10) purposes only. (b) |_| will not be allowed.

Appears in 1 contract

Samples: Severance Agreement (Risk Capital Holdings Inc)

Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| [X] will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, amount and will be granted (check (1) or (2)): (1) |X| [X] for any purpose. (2) |_| [ ] for hardship withdrawal (as defined in Section 7.10) purposes only. (b) |_| [ ] will not be allowed.

Appears in 1 contract

Samples: Profit Sharing/401(k) Plan (Jaymark Inc)

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Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| [X] will be allowed in accordance with Section 7.097.9, subject to a $1,000 minimum amount, and will be granted (check (1) or (2)): (1) |X| [X] for any purpose. (2) |_| [ ] for hardship withdrawal (as defined in Section 7.10) purposes only. (b) |_| [ ] will not be allowed.

Appears in 1 contract

Samples: Adoption Agreement Non Standardized Profit Sharing Plan (Extended Systems Inc)

Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| [X] will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, and will be granted (check (1) or (2)): (1) |X| [ ] for any purpose. (2) |_| [ ] for hardship withdrawal (as defined in Section 7.10) purposes only.: (3) [X] for the following purposes: education, home improvement or purchase, medical or hardship or any other purpose approved by the Pulse Engineering, Inc. 401(k) Administrative Committee (b) |_| [ ] will not be allowed.

Appears in 1 contract

Samples: Adoption Agreement (Technitrol Inc)

Participant Loans. Participation Participant loans (check (a) or (b)): (a) |X| x/ will be allowed in accordance with Section 7.09, subject to a $1,000 minimum amount, amount and will be granted (check (1) or (2)): (1) |X| x/ for any purpose. (2) |_| for hardship withdrawal (as defined in Section 7.10) purposes only. (b) |_| will not be allowed.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Jevic Transportation Inc)

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