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Subject to procedures established by the Plan Administrator, an individual who is an active employee of an Employer may borrow from the Plan an amount which, when added to the outstanding balance of all other loans from the Plan including any other plans maintained by the Employer, does not exceed the less of: (a) $50,000 or a lower amount if established by the Plan Administrator, (reduced by the excess of the highest outstanding loan balance from the Plan during the one-year Period ending on the day before made); and (b) one-half of the present value of your vested account balance under the Plan as of the valuation date immediately preceding the loan application as adjusted for any distributions or contributions made after such valuation date. You may not borrow less than $1,000. The maximum number of loans you may have outstanding is two. Each loan must be repayable within five years unless it is used to acquire your principal residence. In addition, such loan shall be adequately secured and bear a reasonable rate of interest. You may be charged an administrative fee to cover the cost of processing your application.

The Plan Administrator may periodically revise the Plan’s Loan Procedures. If you have any questions on participant loans or the current Loan Procedures, please contact the recordkeeper at (800) 338-4015.

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