Common use of Withdrawal of Contributions Clause in Contracts

Withdrawal of Contributions. In accordance with the provisions of the Plan as in effect prior to Plan Years beginning after 1986, all or any portion of an Employee's contributions may be withdrawn by giving to the Plan Administrator written notice of any proposed withdrawal. The Plan Administrator may adopt such procedures with respect to such withdrawals as may be necessary or appropriate. At the Plan Administrator's direction, the Trustee shall distribute any such withdrawal to the Participant in accordance with the procedures adopted by the Plan Administrator. Except in the case of the voluntary deductible contribution account, such withdrawals shall not include any interest or other increment earned on such contributions. No forfeitures shall occur as a result of withdrawal of an Employee's contributions. Notwithstanding the foregoing, a withdrawal of an Employee's contributions must be consented to in writing by the Participant's spouse.

Withdrawal of Contributions. In accordance with the provisions of the Plan as in effect prior to Plan Years beginning after 1986, all or any portion of an Employee's contributions may be withdrawn by giving to the Plan Administrator written notice of any proposed withdrawal. The Plan Administrator may adopt such procedures with respect to such withdrawals as may be necessary or appropriate. At the Plan Administrator's direction, the Trustee shall distribute any such withdrawal to the Participant in accordance with the procedures adopted by the Plan Administrator. Except in the case of the voluntary deductible contribution account, such withdrawals shall not include any interest or other increment earned on such contributions. No forfeitures Forfeitures shall occur as a result of withdrawal of an Employee's contributions. Notwithstanding the foregoing, a withdrawal of an Employee's contributions must be consented to in writing by the Participant's spouse.