Common use of Distribution restriction Clause in Contracts

Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #17.a. above). See Section 2.6(c) of the BPD.

Appears in 3 contracts

Sources: Defined Contribution Plan and Trust (National Penn Bancshares Inc), 401(k) Plan Adoption Agreement (Books a Million Inc), 401(k) Plan Adoption Agreement (Peoples Holding Co)

Distribution restriction. An Employee must not have taken a distribution of the applicable contributions eligible for an Employer Matching Contribution prior to the end of the period for which the Employer Matching Contribution is being made (as defined in #17.a. above). See Section 2.6(c2.5(d) of the BPD.

Appears in 2 contracts

Sources: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)