Define: Unforeseeable Emergency
What does "Unforeseeable Emergency" mean? The meaning differs based on the contract. We found 10 definitions across 12 companies in SEC filings.
Definition 1 (BOEING CO, seen in 1 filing)
Unforeseeable Emergency means unforeseeable emergency within the meaning of Code section 409A, as determined by the Administrator.
Source: BOEING CO 10-K
Definition 2 (CATERPILLAR INC, seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant s spouse, or a dependent (as defined in Section 152(a) of the Code) 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 purposes of the Plan, an Unforeseeable Emergency shall not include a Participant s need to send his or her child to college or a Participant s desire to purchase a home. Any determination as to whether a Participant has incurred an Unforeseeable Emergency shall be made in the sole discretion of the Plan Administrator in accordance with rules prescribed pursuant to Section 409A of the Code.
Source: CATERPILLAR INC 10-K
Definition 3 (CATERPILLAR INC, seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant's spouse, or a dependent (as defined in Section 152(a) of the Code) 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 purposes of the Plan, an Unforeseeable Emergency shall not include a Participant's need to send his or her child to college or a Participant's desire to purchase a home. Any determination as to whether a Participant has incurred an Unforeseeable Emergency shall be made in the sole discretion of the Plan Administrator in accordance with rules prescribed pursuant to Section 409A of the Code.
Source: CATERPILLAR INC 10-K
Definition 4 (CINCINNATI FINANCIAL CORP, seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship to a Participant resulting from (a) an illness or accident of the Participant or his or her spouse, Beneficiary or dependent (as defined by Code 152 without regard to Code 152(b)(1), (b)(2) and (d)(1)(B)) (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 Participant s control or (c) other circumstances or events within the meaning of unforeseeable emergency under Code 409A and the regulations thereunder.
Source: CINCINNATI FINANCIAL CORP 10-K
Definition 5 (Walmart Inc., seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant s spouse, the Participant s beneficiary, or the Participant s dependent (as defined in Code Section 152, without regard to subsections (b)(1), (b)(2) and (d)(1)(B)), the 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.
Source: Walmart Inc. 10-K
Definition 6 (Walmart Inc., seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or a Participant's dependent (as defined in Code Section 152(a)), the 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.
Source: Walmart Inc. 10-K
Definition 7 (CISCO SYSTEMS, INC., seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship of the Participant or his or her Beneficiary resulting from (i) an illness or accident of the Participant or Beneficiary, the Participant's or Beneficiary's spouse, or the Participant's or Beneficiary's dependent (as defined in Code Section 152(a)), (ii) a loss of the Participant's or Beneficiary's property due to casualty, or (iii) such other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant or the Participant's Beneficiary.
Source: CISCO SYSTEMS, INC. 10-K
Definition 8 (CISCO SYSTEMS, INC., seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship of the Participant or his or her Beneficiary resulting from (i) an illness or accident of the Participant or Beneficiary, the Participant s or Beneficiary s spouse, or the Participant s or Beneficiary s dependent (as defined in Code Section 152(a)), (ii) a loss of the Participant s or Beneficiary s property due to casualty, or (iii) such other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant or the Participant s Beneficiary.
Source: CISCO SYSTEMS, INC. 10-Q
Definition 9 (CISCO SYSTEMS, INC., seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship of the Participant or his or her Beneficiary resulting from (i) an illness or accident of the Participant or Beneficiary, the Participant’s or Beneficiary’s spouse, or the Participant’s or Beneficiary’s dependent (as defined in Code Section 152(a)), (ii) a loss of the Participant’s or Beneficiary’s property due to casualty, or (iii) such other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant or the Participant’s Beneficiary.
Source: CISCO SYSTEMS, INC. 10-Q
Definition 10 (BIOGEN INC., seen in 1 filing)
Unforeseeable Emergency means a severe financial hardship affecting the participant resulting from illness of the participant or spouse, dependent or designated beneficiary, need to rebuild the participant s principal residence following damage not covered by insurance, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the participant s control. A circumstance or exigency of the participant does not constitute an unforeseeable emergency to the extent that the participant s financial need is or may be relieved through reimbursement or compensation by insurance or otherwise, by liquidation of assets (to the extent that such liquidation would not itself cause severe hardship), or by cessation of voluntary deferrals in accordance with Section 4.1.
Source: BIOGEN INC. 10-K
Data extracted from 27 SEC EDGAR filings across 12 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.