Common use of New distributable event Clause in Contracts

New distributable event. A participant’s elective deferrals, qualified nonelective contributions, qualified matching contributions, and earnings attributable to these contributions shall be distributed on account of the participant’s severance from employment. However, such a distribution shall be subject to the other provisions of the plan regarding distributions, other than provisions that require a separation from service before such amounts may be distributed. This amendment has been executed this _________________ day of ______________________________, ________. Name of Employer: America’s Car-Mart, Inc. By: _________________________________________ EMPLOYER Name of Plan: Colonial Auto Finance, Inc. 401(k) Plan

New distributable event. A participant’s elective deferrals, qualified nonelective contributions, qualified matching contributions, and earnings attributable to these contributions shall be distributed on account of the participant’s severance from employment. However, such a distribution shall be subject to the other provisions of the plan regarding distributions, other than provisions that require a separation from service before such amounts may be distributed. This amendment has been executed this _________________ day of ______________________________, ________. Name of Employer: America’s Car-MartColonial Auto Finance, Inc. By: _________________________________________ EMPLOYER Name of Plan: Colonial Auto Finance, Inc. 401(k) Plan