Source of Funds for Loan. The amount of the loan will be deducted from the Member=s Account in the available Investment Funds in accordance with Section 8.2 of this Article VIII and the Plan procedures for determining the amount of payments made under Article VII. To the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement, loans shall be deemed to be taken in the following order: 1. Vested Employer profit sharing contributions plus earnings thereon. 2. Employer qualified nonelective contributions plus earnings thereon. 3. Member’s 401(k) deferrals plus earnings thereon. 4. Member’s ▇▇▇▇ 401(k) contributions plus earnings thereon. 5. Member=s safe harbor CODA contributions plus earnings thereon. 6. Vested Employer basic contributions plus earnings thereon. 7. Vested Employer supplemental contributions plus earnings thereon. 8. Vested Employer matching contributions plus earnings thereon. 9. Member’s rollover contributions plus earnings thereon. 10. Member’s after-tax contributions made after December 31, 1986 plus earnings on all of the Member’s after-tax contributions. 11. Member’s after-tax contributions made prior to January 1, 1987.
Appears in 1 contract
Source of Funds for Loan. The amount of the loan will be deducted from the Member=s ’s Account in the available Investment Funds in accordance with Section 8.2 of this Article VIII and the Plan procedures for determining the amount of payments made under Article VII. To the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement, loans shall be deemed to be taken in the following order:
1. Vested Employer profit sharing contributions plus earnings thereon.
2. Employer qualified nonelective contributions plus earnings thereon.
3. Member’s 401(k) deferrals plus earnings thereon.
4. Member’s ▇▇▇▇ 401(k) contributions plus earnings thereon.
5. Member=s ’s safe harbor CODA contributions plus earnings thereon.
6. Vested Employer basic contributions plus earnings thereon.
7. Vested Employer supplemental contributions plus earnings thereon.
8. Vested Employer matching contributions plus earnings thereon.
9. Member’s rollover contributions plus earnings thereon.
10. Member’s after-tax contributions made after December 31, 1986 plus earnings on all of the Member’s after-tax contributions.
11. Member’s after-tax contributions made prior to January 1, 1987.
Appears in 1 contract
Sources: Adoption Agreement (First Savings Financial Group Inc)
Source of Funds for Loan. The amount of the loan will be deducted from the Member=s Account in the available Investment Funds in accordance with Section 8.2 of this Article VIII and the Plan procedures for determining the amount of payments made under Article VII. To the extent the Employer permits Members to take loans from one or more of the portions of their Accounts, as designated in the Adoption Agreement, loans shall be deemed to be taken in the following order:
1. Vested Employer profit sharing contributions plus earnings thereon.
2. Employer qualified nonelective contributions plus earnings thereon.
3. Member’s 's 401(k) deferrals plus earnings thereon.
4. Member’s ▇'s R▇▇▇ 401(k) contributions plus earnings thereon.
5. Member=s safe harbor CODA contributions plus earnings thereon.
6. Vested Employer basic contributions plus earnings thereon.
7. Vested Employer supplemental contributions plus earnings thereon.
8. Vested Employer matching contributions plus earnings thereon.
9. Member’s 's rollover contributions plus earnings thereon.
10. Member’s 's after-tax contributions made after December 31, 1986 plus earnings on all of the Member’s 's after-tax contributions.
11. Member’s 's after-tax contributions made prior to January 1, 1987.
Appears in 1 contract
Sources: Adoption Agreement (Sugar Creek Financial Corp./Md/)