Common use of Source and Timing of In-Service Withdrawal Funding Clause in Contracts

Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts and will be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loans) as of the Trade Date on which the in-service withdrawal is processed. In-Service withdrawals will be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasible.

Appears in 4 contracts

Samples: Plan and Trust Agreement (Southdown Inc), Plan and Trust Agreement (Timken Co), Bank Jos a Clothiers Inc /De/

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Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasible.

Appears in 4 contracts

Samples: La Gear Inc, Spieker Properties Inc, Caliber System Inc

Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment to the Participant or on behalf of the Participant as soon thereafter as administratively feasible.

Appears in 3 contracts

Samples: Riviana Foods Inc /De/, Advo Inc, Hanna M a Co/De

Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-in- service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasible.

Appears in 2 contracts

Samples: Nipsco Industries Inc, Nipsco Industries Inc

Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-in- service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment to the Participant or on behalf of the Participant as soon thereafter as administratively feasible.

Appears in 1 contract

Samples: New Nisource Inc

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Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to by a Participant shall be made solely from the assets of his or her the Participant’s own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type then, within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's ’s interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasiblereasonable.

Appears in 1 contract

Samples: Plan and Trust Agreement (Leggett & Platt Inc)

Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded settled on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment to the Participant or on behalf of the Participant as soon thereafter as administratively feasible.

Appears in 1 contract

Samples: Gerber Scientific Inc

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