Unforeseeable Emergency. An earlier distribution may be made upon a finding that the Participant is suffering from an Unforeseeable Emergency. A withdrawal on account of Unforeseeable Emergency may not be made to the extent that such emergency is or may be relieved # through reimbursement or compensation from insurance or otherwise, # by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not cause severe financial hardship, or # by cessation of deferrals under the Plan.
Unforeseeable Emergency. An earlier distributionUpon the written request of a Participant, the Plan Administrator may be made upon a finding thatpermit the Participant is suffering fromto withdraw some or all of the Participant’s Account for the purpose of enabling the Participant to meet the immediate needs created by an Unforeseeable Emergency. A withdrawal on account ofThe circumstances that will constitute an Unforeseeable Emergency maywill depend upon the facts of each case, but in any case, the amounts distributed with respect to an Unforeseeable Emergency shall not be madeexceed the amounts necessary to satisfy such Unforeseeable Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent thatto which such emergencyhardship is or may be relieved # through reimbursement or compensation fromby insurance or otherwise, # by liquidation of the Participant’s assets, to the extent that the liquidation of such assets would not itself cause severe financial hardship, or # by cessation of deferrals under the Plan.
Withdrawals for Unforeseeable Emergency. An earlier distributionUpon approval by the Plan Committee, a Participant may be made upon a finding that the Participant is suffering fromwithdraw all or any portion of his vested Account balance for an Unforeseeable Emergency. A withdrawal on account ofThe amounts distributed with respect to an Unforeseeable Emergency may not be madeexceed the amounts necessary to satisfy such Unforeseeable Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent thatto which such emergencyhardship is or may be relieved # through reimbursement or compensation fromby insurance or otherwise, #otherwise or by liquidation of the Participant’Participant's assets, toassets (to the extent the liquidation of such assets would not itself cause severe financial hardship,hardship) or # by cessation of deferrals under this Plan. “Unforeseeable Emergency” means for this purpose a severe financial hardship to a Participant resulting from an illness or accident of the Plan.Participant, the Participant's spouse, or a dependent (as defined in Code section 152(a)) of the Participant, loss of the Participant's property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. For the avoidance of doubt, a circumstance does not constitute an “Unforeseeable Emergency” for purposes of the Plan unless such circumstance constitutes an “unforeseeable emergency” as defined in Treas. Reg. § 1.409A-3(i)(3). The amount withdrawn for an Unforeseeable Emergency is subject to a minimum of .
Unforeseeable Emergency. An earlier(1) General Provisions. If a Participant applies for a distribution from the Participant’s Deferral Account in the event of an Unforeseeable Emergency (as defined below) and the Company determines, in good faith upon reasonable investigation and in its sole discretion, that such Participant has experienced an Unforeseeable Emergency, then the Plan may be made uponmake a finding thatdistribution to or for the benefit of Participant from such Accounts. “Unforeseeable Emergency” shall mean a severe financial hardship of the Participant or beneficiary resulting from # an illness or accident of the Participant or the beneficiary, the Participant’s or the beneficiary’s spouse, or the Participant’s or the beneficiary’s dependent (as defined in Code Section 152(a)); # loss of the Participant’s or the beneficiary’s property due to casualty (including the need to rebuild a home following damage to the home not otherwise covered by insurance); # imminent foreclosure of or eviction from the Participant’s or the beneficiary’s primary residence; # the need to pay for medical expenses of the Participant or a beneficiary; # the need to pay for funeral expenses of the Participant’s spouse or dependents (as defined in Code Section 152(a)); or # other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant or beneficiary, all as provided in Code Section 409A. Whether a Participant or beneficiary is suffering fromfaced with an Unforeseeable Emergency. A withdrawalEmergency will determined based on accountthe facts and circumstances of Unforeseeable Emergency may noteach case but, in any case, no distribution will be made to the extent that such emergency is or may be relieved # through reimbursement or compensation from insurance or otherwise,otherwise; # by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship,hardship; or # by cessation of deferrals under the Plan. The purchase of a home and payment of college tuition are not Unforeseeable Emergencies.
"Unforeseeable Emergency. An earlier distribution may be made uponEmergency" shall mean a finding thatsevere financial hardship to the Participant is sufferingresulting from an illness or accident of the Participant, the Participant's legal spouse, the Participant's beneficiary, or the Participant's dependent (as defined in Code Section 152, without regard to Code Section 152(b)(1), (b)(2), and (d)(1)(B)); loss of the Participant's property due to casualty; or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, all as determined in the sole discretion of the Committee. Whether a Participant is faced with an Unforeseeable Emergency. A withdrawalEmergency permitting a distribution is to be determined based on the relevant facts and circumstances of each case, but, in any case, a distribution on account of Unforeseeable Emergency mayshall not be made to the extent that such emergency is or may be relieved # through reimbursement or compensation from insurance or otherwise, # by liquidation of the Participant’Participant's assets, to the extent the liquidation of such assets would not cause severe financial hardship, or # by cessation of deferrals under the Plan.
Payment due to Unforeseeable Emergency. An earlier distribution may be madeNotwithstanding any provision in the Plan to the contrary, upon a finding that the Participant is suffering fromhas suffered an Unforeseeable Emergency. A withdrawalEmergency, the Committee may, in its sole discretion, allow payment of the Participant’s deferred amounts prior to the time otherwise specified for payment of benefits under the Plan. Whether a Participant is faced with an Unforeseeable Emergency permitting a payment under this Section shall be determined by the Committee based on the relevant facts and circumstances of each case, but, in any case, a distribution on account of an Unforeseeable Emergency mayshall not be made to the extent that such emergency is or may be relieved # through reimbursement or compensation from insurance or otherwise, # by liquidation of the Participant’s assets, toassets (to the extent the liquidation of such assets would not cause severe financial hardship,hardship), or # by cessation of deferrals under the Plan. Distributions because of an Unforeseeable Emergency shall be limited to the amount reasonably necessary to satisfy the emergency need (which may include amounts necessary to pay any Federal, state, or local income taxes or penalties reasonably anticipated to result from the distribution).
A Participant may request a distribution due to an Unforeseeable Emergency. An earlier distribution mayEmergency if the Plan Sponsor has elected to permit Unforeseeable Emergency withdrawals under [Section 8.01(a)] of the Adoption Agreement. The request must be made upon a findingin writing and must be submitted to the Administrator along with evidence that the Participant is suffering fromcircumstances constitute an Unforeseeable Emergency. A withdrawal on account ofThe Administrator has the discretion to require whatever evidence it deems necessary to determine whether a distribution is warranted, and may require the Participant to certify that the need cannot be met from other sources reasonably available to the Participant. Whether a Participant has incurred an Unforeseeable Emergency may notwill be madedetermined by the Administrator on the basis of the relevant facts and circumstances in its sole discretion, but, in no event, will an Unforeseeable Emergency be deemed to exist if the extent that such emergency is or mayhardship can be relievedrelieved: # through reimbursement or compensation fromby insurance or otherwise, # by liquidation of the Participant’s assets,assets to the extent thesuch liquidation of such assets would not itself cause severe financial hardship, or # by cessation of deferrals under the Plan. A distribution due to an Unforeseeable Emergency must be limited to the amount reasonably necessary to satisfy the emergency need and may include any amounts necessary to pay any federal, state, foreign or local income taxes and penalties reasonably anticipated to result from the distribution. The distribution will be made in the form of a single lump sum cash payment. If permitted by [Section 8.01(b)] of the Adoption Agreement, a Participant’s deferral elections for the remainder of the Plan Year will be cancelled upon a withdrawal due to an Unforeseeable Emergency. If the payment of all or any portion of the Participant’s vested Account is being delayed in accordance with [Section 9.6] at the time he experiences an Unforeseeable Emergency, the amount being delayed shall not be subject to the provisions of this [Section 9.3] until the expiration of the six month period of delay required by [section 9.6].
A Participant may request a distribution due to an Unforeseeable Emergency. An earlier distribution mayEmergency if the Plan Sponsor has elected to permit Unforeseeable Emergency withdrawals under [Section 8.01(a)] of the Adoption Agreement. The request must be made upon a findingin writing and must be submitted to the Administrator along with evidence that the Participant is suffering fromcircumstances constitute an Unforeseeable Emergency. A withdrawal on account ofThe Administrator has the discretion to require whatever evidence it deems necessary to determine whether a distribution is warranted, and may require the Participant to certify that the need cannot be met from other sources reasonably available to the Participant. Whether a Participant has incurred an Unforeseeable Emergency may notwill be madedetermined by the Administrator on the basis of the relevant facts and circumstances in its sole discretion, but, in no event, will an Unforeseeable Emergency be deemed to exist if the extent that such emergency is or mayhardship can be relievedrelieved: # through reimbursement or compensation fromby insurance or otherwise, # by liquidation of the Participant’s assets,assets to the extent thesuch liquidation of such assets would not itself cause severe financial hardship, or # by cessation of deferrals under the Plan. A distribution due to an Unforeseeable Emergency must be limited to the amount reasonably necessary to satisfy the emergency need and may include any amounts necessary to pay any federal, state, foreign or local income taxes and penalties reasonably anticipated to result from the distribution. The distribution will be made in the form of a single lump sum cash payment. If permitted by [Section 8.01(b)] of the Adoption Agreement, a Participant’s deferral elections for the remainder of the Plan Year will be cancelled upon a withdrawal due to an Unforeseeable Emergency. If the payment of all or any portion of the Participant’s vested Account is being delayed in accordance with [Section 9.6] at the time he or she experiences an Unforeseeable Emergency, the amount being delayed shall not be subject to the provisions of this [Section 9.3] until the expiration of the six month period of delay required by [section 9.6].
Withdrawal because of an Unforeseeable Emergency. An earlier distributionEmergency must be limited to the amount reasonably necessary to satisfy the emergency need (which may be madeinclude amounts necessary to pay any federal, state, local, or foreign income taxes or penalties reasonably anticipated to result from the distribution), as determined by the Administrator, in its sole discretion. The Participant must apply in writing for a payment upon an "Unforeseeable Emergency," using the form prescribed by the Administrator. The Administrator retains the sole and absolute discretion to grant or deny a finding that the Participant is suffering frompayment upon an Unforeseeable Emergency. A withdrawal on accountIn the event of approval of a payment upon an Unforeseeable Emergency may not be made to the extent that such emergency is or may be relieved # through reimbursement or compensation from insurance or otherwise, # by liquidation ofEmergency, the Participant’s assets, to the extent the liquidation of such assets would not cause severe financial hardship, or # by cessation of deferralsoutstanding deferral elections under the Plan.Plan shall be cancelled.
“Unforeseeable Emergency. An earlier distribution may be made uponEmergency” means # a finding thatsevere financial hardship to the Participant is sufferingresulting from an Unforeseeable Emergency. A withdrawal on accountillness or accident of Unforeseeable Emergency may notthe Participant or the Participant’s spouse, beneficiary or dependent (as defined in Code Section 152(a)), # loss of the Participant’s property due to casualty, or # other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, each as determined to exist by the Committee, as determined under Code Section 409A, such that a distribution from the Plan is necessary to relieve the emergency where it cannot be made to the extent that such emergency is or may be relieved # through reimbursement or compensation from insurance or otherwise, #otherwise or by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not cause severe financial hardship, or # by cessation of deferrals under the Plan.(without other undue hardship).
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