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Unforeseen Emergency definition

Unforeseen Emergency means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of a dependent (as defined in Section 152(a) of the Internal Revenue Code) of the Participant, loss of the Participant's property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. The circumstances that will constitute an unforeseeable emergency will depend upon the facts of each case, but in any case, payment may not be made to the extent that such hardship is or may be relieved:
Unforeseen Emergency means a fire, flood, explosion, storm, earthquake, riot, insurrection, community disaster, or act of God or a combination of the foregoing that acts as a principal cause for a school district's inability to conduct one or more scheduled school days.
Unforeseen Emergency means a severe financial hardship to the Director resulting from (1) an illness or accident affecting the Director or his or her spouse or dependent; (2) loss of the Director’s property due to casualty; or (3) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the Director’s control.

Examples of Unforeseen Emergency in a sentence

  • No payment may be made from a Director’s Deferred Fee Account except as provided in this Article, unless an Unforeseen Emergency exists as determined by the Chairman in his sole discretion.

  • The election to defer receipt of payment may not be canceled or modified unless the Chairman, in his sole discretion, determines that an Unforeseen Emergency exists, or except as otherwise permitted by Internal Revenue Service regulations.

  • If any payment is made due to Unforeseen Emergency, any existing Deferral Commitment shall be null and void and the Participant shall not be permitted to make any Deferral Commitment for twelve (12) months.

  • Any determination of the amount to be distributed on account of an Unforeseen Emergency shall be made by the Plan Administrator.

  • The amount of such a withdrawal shall be limited to the amount the Administrative Committee determines to be reasonably necessary to meet the Participant's needs resulting from the Unforeseen Emergency.


More Definitions of Unforeseen Emergency

Unforeseen Emergency means a severe financial hardship to a
Unforeseen Emergency means an emergency that meets the provisions in Code section 457(b) and Treasury Reg. 1.457-6(c)(2b) as specified in Section 19 of these Bylaws.
Unforeseen Emergency means a severe financial hardship resulting from one or more of the following:
Unforeseen Emergency means a severe financial hardship to a Participant resulting from a sudden and unexpected illness or accident of the Participant or of a dependent (as defined in I.R.C. ss.152(a)) of the Participant, loss of property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.
Unforeseen Emergency means a severe financial hardship within the meaning of IRC Section 409A to the Participant resulting from a sudden and unexpected illness or accident of the Participant, the Participant’s spouse or
Unforeseen Emergency means an immediate and heavy financial need resulting from
Unforeseen Emergency means a fire, flood, explosion, storm, earthquake, riot, insurrection,