Hardship Withdrawals definition

Hardship Withdrawals. A Participant may not take a “hardship” withdrawal of amounts from his/her Employer Contribution Account.

Examples of Hardship Withdrawals in a sentence

  • The Account will be determined as of the Valuation Date coincident with the date of distribution and will be distributed as provided in sections 6.3 (Method of Distribution) and 6.4 (Hardship Withdrawals).

  • The 5th day prior to the date on which the payment of Benefits is made or commenced (disregarding, for this purpose, any Hardship Withdrawals).

  • The Plan Administrator shall have the authority to adopt additional rules relating to Hardship Withdrawals provided such rules are consistent with the Regulations.

  • Hardship Withdrawals of Elective Deferrals (Section 15, Part A, Item 5) 7.

  • The Plan Administrator may adopt additional rules relating to Hardship Withdrawals provided such rules are consistent with the IRS Regulations.

  • Effective June 18, 2007, upon the merger of the Shell Pay Deferral Investment Fund into this Fund, the Regulations and Trust Agreement have been amended and restated to reflect: the merger; the addition of an automatic enrollment feature, Member Pre-Tax Contributions, Member Catch-Up Contributions, Hardship Withdrawals, new Tier III Investment Offerings, managed account, and the self-directed brokerage feature known as BrokerageLink; and the new Default Funds.

  • Hardship Withdrawals of Elective Deferrals (Section 15, Part A, Item 5) _______________ 7.

  • Hardship Withdrawals from After-Tax Basic Account, Pre-Tax Optional Account and/or QNEC Account..........................................

  • Hardship Withdrawals (Section 15, Part A, Item 8) _______________ 8.

  • If elected in the Adoption Agreement Amendment, the definition of hardship under the Basic Plan Document section titled Hardship Withdrawals will provide that if an event would constitute a hardship if it occurred with respect to the Participant's Spouse or dependent, such event will also constitute a hardship if it occurs to a person who is the Participant's primary Beneficiary under the Plan.