Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts and will be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loans) as of the Trade Date on which the in-service withdrawal is processed. In-Service withdrawals will be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasible.
Appears in 4 contracts
Sources: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/), Retirement Savings Plan and Trust Agreement (Southdown Inc), Employees' Savings Plan and Trust Agreement (Timken Co)
Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasible.
Appears in 4 contracts
Sources: Retirement Savings Plan and Trust Agreement (Spieker Properties Inc), Employee Stock Savings Plan (La Gear Inc), Employee Stock Savings Plan (La Gear Inc)
Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment to the Participant or on behalf of the Participant as soon thereafter as administratively feasible.
Appears in 3 contracts
Sources: 401(k) Savings Plan and Trust Agreement (Advo Inc), Savings Plan and Trust Agreement (Riviana Foods Inc /De/), Savings Plan and Trust Agreement (Hanna M a Co/De)
Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-in- service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasible.
Appears in 2 contracts
Sources: Employee Savings Plan Agreement (Nipsco Industries Inc), Savings Plan and Trust Agreement (Nipsco Industries Inc)
Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to by a Participant shall be made solely from the assets of his or her the Participant’s own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type then, within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's ’s interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment as soon thereafter as administratively feasiblereasonable.
Appears in 2 contracts
Sources: 401(k) Plan and Trust Agreement (Leggett & Platt Inc), 401(k) Plan and Trust Agreement (Leggett & Platt Inc)
Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-in- service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment to the Participant or on behalf of the Participant as soon thereafter as administratively feasible.
Appears in 1 contract
Source and Timing of In-Service Withdrawal Funding. An in-service withdrawal to a Participant shall be made solely from the assets of his or her own Accounts Account and will shall be based on the Account values as of the Trade Date the in-service withdrawal is processed. The available assets shall be determined first by Account type and then by investment type within each type of Account. Within each Account used for funding an in-service withdrawal, amounts shall first be taken from the Sweep Account and then taken by type of investment Investment Fund in direct proportion to the market value of the Participant's interest in each Investment Fund (which excludes Participant loanshis or her Loan Account balance) as of the Trade Date on which the in-service withdrawal is processed. InThe in-Service withdrawals will service withdrawal shall be funded settled on the Settlement Date following the Trade Date as of which the in-service withdrawal is processed. The Trustee shall make payment to the Participant or on behalf of the Participant as soon thereafter as administratively feasible.
Appears in 1 contract
Sources: 401(k) Maximum Advantage Program and Trust Agreement (Gerber Scientific Inc)