Common use of Plan Loans Clause in Contracts

Plan Loans. Plan loans for owner-employees or shareholder-employees. If the plan permits loans to be made to participants, then effective for plan loans made after December 31, 2001, plan provisions prohibiting loans to any owner-employee or shareholder-employee shall cease to apply.

Appears in 11 contracts

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

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Plan Loans. Plan loans for owner-employees or shareholder-employees. If the plan permits loans to be made to participants, then effective for plan loans made after December 31, 2001, plan provisions prohibiting loans to any owner-employee or shareholder-employee shall cease to apply.. ARTICLE IX LIMITATIONS ON CONTRIBUTIONS (IRC SECTION 415 LIMITS)

Appears in 1 contract

Samples: Allegiant Travel CO

Plan Loans. Plan loans for owner-employees or shareholder-employees. If the plan permits ---------------------------------------------------------- loans to be made to participants, then effective for plan loans made after December 31, 2001, plan provisions prohibiting loans to any owner-employee or shareholder-employee shall cease to apply.

Appears in 1 contract

Samples: Wayne Savings Bancshares Inc /De/

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Plan Loans. Plan loans for owner-employees or shareholder-employees. If the plan permits loans to be made to participants, then effective for plan loans made after December 31, 2001, plan provisions prohibiting loans to any owner-employee or shareholder-employee shall cease to apply.. Table of Contents EGTRRA - Sponsor

Appears in 1 contract

Samples: Trimeris Inc

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