Unforeseeable Emergency Definition Example

Unforeseeable Emergency. A severe financial hardship to the Participant resulting from a sudden or unexpected illness or accident of the Participant, the Participant's spouse 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, all as determined in accordance with Section 409A