Common use of Unforeseeable Emergency Event Clause in Contracts

Unforeseeable Emergency Event. X (a) Participants may apply to have accounts distributed upon an Unforeseeable Emergency event. This applies to participant deferrals only. No Employer Credits may be distributed due to an Unforeseeable Emergency Event. (b) Participants may not apply to have accounts distributed upon an Unforeseeable Emergency event.

Appears in 1 contract

Sources: Executive Nonqualified Excess Plan Adoption Agreement (Paperweight Development Corp)

Unforeseeable Emergency Event. X (a) Participants may apply to have accounts distributed upon an Unforeseeable Emergency event. This applies to participant deferrals only. No Employer Credits may be distributed due to an Unforeseeable Emergency Event. (b) Participants may not apply to have accounts distributed upon an Unforeseeable Emergency event.

Appears in 1 contract

Sources: Adoption Agreement (Paperweight Development Corp)