Participant Loans has the meaning given in the Funding and Distribution Policy.
Participant Loans is amended effective January 1, 2002 by deleting the language at subsection (i) and replacing it with the following:
Participant Loans is defined in Section 11.2.2(c)(i).
Examples of Participant Loans in a sentence
Participant Loans The Plan contains provisions allowing participants to borrow from their accounts.
The Employer will administer all Participant Loans unless the Trustee otherwise agrees in writing to accept these duties.
Landlord shall not be obligated to make any repairs under this Section until a reasonable time after receipt of written notice from Tenant of the need of such repairs under this Section.
Participant Loans Receivable Loans receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest.
Participant Loans as a Percentage of Plan AssetsSAMPLESAMPLEIndicates weather plan participants are borrowing excessively from their retirement accounts.
More Definitions of Participant Loans
Participant Loans has the meaning given in the Joint Venture Agreement.
Participant Loans. Acquired Participant Loans subject to Sections 7.4(f) and (j).
Participant Loans. Acquired Participant Loans subject to Sections 7.4(f) and (j). Accelerated Vesting: Effective October 1, 2006, CCBI Plan participants who on that date became employed by the Employer were 100% vested in their CCBI Plan account balances. For CCBI Plan participants who terminated employment with CCBI before October 1, 2006 and become employed with the Employer after October 1, 2006 and have Plan accounts that were transferred from the CCBI Plan and that were subject to a the following vesting schedule, (1 yr. - 25%, 2 yrs. - 50% 3 yrs. -100%), such accounts subject shall instead be subject to the following more accelerated vesting schedule, (1 year - 33.33% 2 yrs. - 66.67% and 3 yrs. - 100%). Elimination of Annuity and Installment Options Effective October 1, 2006, all annuity and installment distribution forms previously available under the CCBI Plan shall be eliminated. This amendment is adopted and executed this day of November, 2006. WASHINGTON MUTUAL, INC. By: Xxxxx X. Xxxxx Executive V.P. – Human Resources
Participant Loans. If elected in the Adoption Agreement, a Participant loan will be treated as the directed investment of the Participant-borrower and will be allocated to the Account of such Participant-borrower. APPLICABILITY OF ERISA SECTION 404(C): If the Employer desires that some or all Participant directed investment instruction transactions qualify for ERISA Section 404(c) protection, then the Plan Administrator or Trustee shall adopt rules and procedures applicable to such transactions as are required to satisfy the provisions of ERISA Section 404(c) and the regulations thereunder. Such rules and procedures shall become a part of this Plan. In the event such rules and procedures do not address the matters described in Section 7.4[a] through [g] above, and provided that the provisions of Section 7.4[a] through [g] do not conflict with the requirements for transactions to qualify for ERISA Section 404(a) protection, the provisions of Section 7.4[a] through [g] will apply to all Participant directed investment transactions. Generally, the rules and procedures adopted under this Section 7.4[h] must provide a Participant or beneficiary the opportunity to exercise control over the assets in the Participant's Account and provide the opportunity to choose, from a broad range of investments, the manner in which all or some of the assets in the Account are invested. The rules and procedures also must provide a Participant or beneficiary the reasonable opportunity to give appropriate investment instructions to an identified Plan fiduciary who is obligated to comply with such instructions. The identified Plan fiduciary may designate an agent to receive and execute Participant or beneficiary investment directions. The Plan Administrator or Trustee also may adopt such reasonable rules or restrictions on the frequency with which the Participant or beneficiary may give investment instructions. Such rules or restrictions will be applied on a uniform and consist basis to all Participants and beneficiaries and in such a manner that complies with the requirements of ERISA Section 404(c). The fiduciary designated to implement the Participant's or beneficiary's instructions may decline to accept such instructions, as permitted under ERISA Section 404(c).
Participant Loans. Yes No Value: Loans (other than to plan participant): Yes No Value: Tangible personal Property: Yes No Value: Sale, Exchange, or lease of Property: Yes No Value: Payment by the plan for services: Yes No Value: Acquisition or holding of employer securities: Yes No Value: Loan or extension of credit: Yes No Value: 1.
Participant Loans shall have the meaning given hereto in Section 2.4(c).
Participant Loans. If permitted under Section 1.09, the Administrator shall allow Participants to apply for a loan from the Plan, subject to the following: (a)