Source of Funds for Loan. The amount of the loan will be deducted from the Member's Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement): . First from the Employer profit sharing contributions plus earnings thereon. . Next from the Employer qualified nonelective contributions plus earnings thereon. . Next from the Member's 401(k) deferrals plus earnings thereon. . Next from the Employer basic contributions plus earnings thereon. . Next from the Employer supplemental contributions plus earnings thereon. . Next from the Employer matching contributions plus earnings thereon. . Next from the Member's rollover contributions plus earnings thereon. . Next from the Member's after-tax contributions made after December 31,1986 plus earnings on all of the Member's after-tax contributions. . Next from the Member's after-tax contributions made prior to January 1,1987.
Appears in 2 contracts
Samples: Employees' Savings & Profit Sharing Plan (First Community Financial Corp /Nc/), Adoption Agreement (American Financial Holding Corp Inc)
Source of Funds for Loan. The amount of the loan will be deducted from the Member's Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement): . First from the Employer profit sharing contributions plus earnings thereon. . Next from the Employer qualified nonelective contributions plus earnings thereon. . Next from the Member's 401(k) deferrals plus earnings thereon. . Next from the Employer basic contributions plus earnings thereon. . Next from the Employer supplemental contributions plus earnings thereon. . Next from the Employer matching contributions plus earnings thereon. . Next from the Member's rollover contributions plus earnings thereon. . Next from the Member's after-tax contributions made after December 31,1986 plus earnings on all of the Member's after-after- tax contributions. . Next from the Member's after-tax contributions made prior to January 1,1987.
Appears in 2 contracts
Samples: Employees' Savings & Profit Sharing Plan (BCSB Bankcorp Inc), Employees' Savings & Profit Sharing Plan (1st State Bancorp Inc)
Source of Funds for Loan. The amount of the loan will be deducted from the Member's Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement): . - First from the Employer profit sharing contributions plus earnings thereon. . - Next from the Employer qualified nonelective contributions plus earnings thereon. . - Next from the Member's 401(k) deferrals plus earnings thereon. . - Next from the Employer basic contributions plus earnings thereon. . - Next from the Employer supplemental contributions plus earnings thereon. . - Next from the Employer matching contributions plus earnings thereon. . - Next from the Member's rollover contributions plus earnings thereon. . - Next from the Member's after-tax contributions made after December 31,1986 plus earnings on all of the Member's after-tax contributions. . - Next from the Member's after-tax contributions made prior to January 1,1987.
Appears in 1 contract
Samples: Employees' Savings & Profit Sharing Plan (HMN Financial Inc)
Source of Funds for Loan. The amount of the loan will be deducted from the Member's Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement): . $ First from the vested Employer profit sharing contributions plus earnings thereon. . $ Next from the Employer qualified nonelective contributions plus earnings thereon. . $ Next from the Member's 401(k) deferrals plus earnings thereon. . $ Next from the Member's safe harbor CODA contributions plus earnings thereon. $ Next from the vested Employer basic contributions plus earnings thereon. . $ Next from the vested Employer supplemental contributions plus earnings thereon. . $ Next from the vested Employer matching contributions plus earnings thereon. . $ Next from the Member's rollover contributions plus earnings thereon. . $ Next from the Member's after-tax contributions made after December 31,1986 plus earnings on all of the Member's after-tax contributions. . $ Next from the Member's after-tax contributions made prior to January 1,1987.
Appears in 1 contract
Source of Funds for Loan. The amount of the loan will be deducted from the Member's Account in the available Investment Funds in accordance with Section 8.2 of this Article and the Plan procedures for determining the amount of payments made under Article VII. Loans shall be deemed to come (to the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement): . First from the Employer profit sharing contributions plus earnings thereon. . Next from the Employer qualified nonelective contributions plus earnings thereon. . Next from the Member's 401(k) deferrals plus earnings thereon. . Next from the Employer basic contributions plus earnings thereon. . Next from the Employer supplemental contributions plus earnings thereon. . Next from the Employer matching contributions plus earnings thereon. . Next from the Member's rollover contributions plus earnings thereon. . Next from the Member's after-tax contributions made after December 31,1986 31, 1986 plus earnings on all of the Member's after-tax contributions. . Next from the Member's after-tax contributions made prior to January 1,19871, 1987.
Appears in 1 contract