Repayment Suspension. The Administrator may agree to a suspension of loan payments for up to 12 months for a Participant who is on a Leave of Absence without pay. During the suspension period interest shall continue to accrue on the outstanding loan balance. At the expiration of the suspension period all outstanding loan payments and accrued interest thereon shall be due unless otherwise agreed upon by the Administrator.
Appears in 8 contracts
Samples: Employee Stock Savings Plan (La Gear Inc), Savings Plan and Trust Agreement (Nipsco Industries Inc), Employee Stock Savings Plan (La Gear Inc)
Repayment Suspension. The Administrator may agree to a suspension of loan payments for up to 12 months for a Participant who is on a Leave of Absence without pay. During the suspension period period, interest shall continue to accrue on the outstanding loan balance. At the expiration of the suspension period all outstanding loan payments and accrued interest thereon shall be due unless otherwise agreed upon by the Administrator.
Appears in 3 contracts
Samples: Savings Plan and Trust Agreement (Hanna M a Co/De), Salaried Savings Plan and Trust Agreement (Longview Fibre Co), Savings Plan Amendment (New Nisource Inc)
Repayment Suspension. The Administrator may agree to a suspension of loan payments for up to 12 six months for a Participant who is on a Leave of Absence without pay. During the suspension period period, interest shall continue to accrue on the outstanding loan balance. At the expiration of the suspension period all outstanding loan payments and accrued interest thereon shall be due unless otherwise agreed upon by the Administrator.
Appears in 1 contract
Repayment Suspension. The Administrator may agree to a suspension of loan payments for up to 12 three months for a Participant who is on a Leave of Absence without pay. During the suspension period period, interest shall continue to accrue on the outstanding loan balance. At the expiration of the suspension period all outstanding loan payments and accrued interest thereon shall be due unless otherwise agreed upon by the Administrator.
Appears in 1 contract
Samples: Savings Plan and Trust Agreement (Riviana Foods Inc /De/)
Repayment Suspension. The Administrator may agree to a suspension of loan payments for up to 12 3 months for a Participant who is on a Leave of Absence without pay. During the suspension period interest shall continue to accrue on the outstanding loan balance. At the expiration of the suspension period all outstanding loan payments and accrued interest thereon shall be due unless otherwise agreed upon by the Administrator.
Appears in 1 contract
Samples: Retirement Savings Plan and Trust Agreement (Spieker Properties Inc)
Repayment Suspension. The Administrator may agree to a suspension of loan payments for up to 12 6 months for a Participant who is on a Leave of Absence without payAbsence. During the suspension period interest shall continue to accrue on the outstanding loan balance. At the expiration of the suspension period all outstanding loan payments and accrued interest thereon shall be due unless otherwise agreed upon by the Administrator.
Appears in 1 contract
Samples: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/)
Repayment Suspension. The Administrator may agree to a suspension of loan payments for up to 12 months for a Participant who is on a Leave of Absence without payAbsence. During the suspension period interest shall continue to accrue on the outstanding loan balance. At the expiration of the suspension period all outstanding loan payments and accrued interest thereon shall be due unless otherwise agreed upon by the Administrator.
Appears in 1 contract
Samples: Retirement Savings Plan and Trust Agreement (Southdown Inc)
