We come in all sizes, shapes and colours, which makes us a very interesting family of vegetables. Some of us are long and thin like the vegetable marrow, whilst others, like the button squashes, are small and squat with scalloped edges. Most of us have an edible thin skin and white to yellow, sweet, succulent flesh.
Hardship clause is a clause in a contract that is intended to cover cases in which unforeseen events occur that fundamentally alter the equilibrium of a contract resulting in an excessive burden being placed on one of the parties involved.ardship constitutes a reason for a change in the contractual program of the parties. The aim of the parties remains to implement the contract. Force majeure, however, is situated in the context of non-performance, and deals with the suspension or termination of the contract.
Â§1.401(k)-1(d)(3)(i)). If your 401(k) plan made hardship distributions that didnât follow the plan language, or if your plan doesnât have hardship language, find out how you can correct this mistake. The rules for hardship distributions from 403(b) plans are similar to those for hardship distributions from 401(k) plans.