Common use of WITHDRAWING FROM THE PLAN Clause in Contracts

WITHDRAWING FROM THE PLAN. 6.1 A Participant who ceases to be employed by the University must withdraw from the Plan. Within thirty (30) days, the University shall pay to the Participant the Deferred Salary. 6.2 In the case of unforeseen and extenuating circumstances, such as financial hardship, and with the approval of the University, the Participant may withdraw from the Plan upon giving not less than three (3) months notice of intent to do so prior to the date established for the Deferred Salary Leave. Within thirty (30) days of such withdrawal, the University shall pay to the Participant the Deferred Salary plus interest. 6.3 In the event of the death of a Participant, the University shall pay the Deferred Salary to the Participant's estate, subject to the University's receiving the necessary clearances and proofs normally required for payments to estates. Payment is to be made within thirty (30) days upon receipt of such clearances and proofs.

WITHDRAWING FROM THE PLAN. 6.1 A Participant who ceases to be employed by the University must withdraw from the Plan. Within thirty (30) days, the University shall pay to the Participant the Deferred Salary. 6.2 In the case of unforeseen and extenuating circumstances, such as financial hardship, and with the approval of the University, the Participant may withdraw from the Plan upon giving not less than three (3) months notice of intent to do so prior to the date established for the Deferred Salary Leave. Within thirty (30) days of such withdrawal, the University shall pay to the Participant the Deferred Salary plus interest. 6.3 In the event of the death of a Participant, the University shall pay the Deferred Salary to the Participant's ’s estate, subject to the University's ’s receiving the necessary clearances clear- ances and proofs normally required for payments to estates. Payment is to be made within thirty (30) days upon receipt of such clearances and proofs.