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1 . 22 Unforeseeable Emergency: A circumstance of severe <br /> financial hardship to the Participant (or Beneficiary after the <br /> death of the Participant) resulting from a sudden and unexpected <br /> illness or accident of the Participant (or Beneficiary, as <br /> applicable) or of a dependent (as defined in Section 152 (a) of <br /> the Code) , loss of property due to casualty, or other similar <br /> extraordinary or unforeseeable circumstances arising from events <br /> beyond the control of the Participant (or Beneficiary, as <br /> applicable) . A need to send a child to college or to purchase a <br /> new home shall not constitute an Unforeseeable Emergency. <br /> 1 . 23 Year: A calendar year. <br /> ARTICLE 2 - EMPLOYER PARTICIPATION <br /> 2 . 1 Initial Participation: This Plan shall be <br /> available to the Employees of an Employer only if the Employer <br /> has executed an Adoption Agreement and provided the Board with <br /> such information as the Board deems necessary to administer the <br /> Plan on behalf of the Employer. <br /> 2 . 2 Terms of Participation: By executing an Adoption <br /> Agreement, an Employer agrees to adhere to all terms and <br /> conditions of the Plan, to invest all Deferrals and Transfers in <br /> the Fund, and to follow all administrative procedures established <br /> by the Board. Except as otherwise provided herein, the terms of <br /> this Plan shall apply on a uniform basis to all Employers <br /> participating hereunder. <br /> 2 . 3 Duration of Employer Participation: Each Adoption <br /> Agreement shall provide that the Employer will make the Plan <br /> available to its Employees for a minimum period of three (3) <br /> years . In the event that an Employer thereafter withdraws from <br /> participation in the Plan, all amounts credited to the Accounts <br />