Common use of Not Required Clause in Contracts

Not Required. A Participant may receive an In-Service Distribution even from a partially-Vested Account, but the amount distributed may not exceed the Vested amount in the distributing partially-Vested Account.

Appears in 5 contracts

Sources: 401(k) Profit Sharing Plan (Nci Building Systems Inc), 401(k) Plan Adoption Agreement (Caterpillar Inc), Adoption Agreement

Not Required. A Participant may receive an In-Service Distribution even from a partially-Vested Account, but the amount distributed may not exceed the Vested amount in the distributing partially-Vested Account. (2) ¨ Minimum amount. A Participant may not receive an In-Service Distribution in an amount which is less than: $ (specify amount not exceeding $1,000). (3) ¨ Describe other conditions:

Appears in 1 contract

Sources: 401(k) Plan Adoption Agreement (Knowles Corp)