Common use of Plan account Clause in Contracts

Plan account. If a teacher shall die, the deceased teacher’s 401(a) Plan account shall be distributed to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. At no time may a participant borrow from his/her 401(a) Plan account.

Plan account. If a teacher shall diedie after having satisfied the requirements of this Article, the deceased teacher’s 401(a) Plan account shall be distributed distributable to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow from his/her his 401(a) Plan account.)

Plan account. If a teacher shall dieis deceased after having satisfied the vesting requirements of this Article, the deceased teacher’s 's 401(a) Plan account shall be distributed distributable to the decedent’s 's designated beneficiary or to his/her estate if no beneficiary designation has been made. At no time may a participant borrow teacher xxxxxx from his/her 401(a) Plan accountaccount or pledge or assign his/her account as security or collateral for any debt.

Plan account. If a teacher shall diedie after having satisfied the applicable requirements, the deceased teacher’s 401(a) Plan account shall be distributed distributable to the decedent’s designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow from his/her his 401(a) Plan account.)

Plan account. If a teacher shall diedie after having satisfied the requirements of this Article, the deceased teacher’s 401(a's 401 (a) Plan account shall be distributed distributable to the decedent’s 's designated beneficiary or to his/her estate if no beneficiary designation has been made. (At no time may a participant borrow from his/her 401(ahis 401 (a) Plan account.)