ARTICLE X
CARES ACT LOANS TO QUALIFIED INDIVIDUALS

1. Except to the extent superseded by the provisions of this Section 2, the provisions of Section 1 [including Section 1 (a)(2)(i)] shall apply to all Plan loans under Article X.
   
2. A Qualified Individual is a Participant
   1. who is diagnosed with the virus SARS-CoV-2 or with coronavirus disease 2019 (COVID-19) by a test approved by the Centers for Disease Control and Prevention;
   2. whose spouse or dependent (as defined in Section 152 of the I.R.C. of 1986) is diagnosed with such a virus or disease by such a test; or
   3. who experiences adverse financial consequences as a result of being quarantined, being furloughed or being laid off from work or having work hours reduced due to such virus or disease, being unable to work due to lack of child care due to such virus or disease, closing or reducing hours of a business owned or operated by the individual due to such virus or disease or other factors as determined by the Secretary of the Treasury (or the Secretary's delegate).
3. Plan loans taken by Qualified Individuals
   1. which are outstanding and not in default on or after March 27,2020 and,
   2. have due dates for full and final repayment [pursuant to IRC Section 72 (p) (2) (B) (5 year term) and 72(p)(2)(C) level amortization] which occur between March 27, 2020 and December 31, 2020,
      
      shall have such due dates deferred for the lesser of one year from the original due date or the period ending with the date on which such a Participant requests a Plan distribution (which would trigger a loan default), provided that,
      
      
   3. subsequent repayment with respect to any such loan shall be appropriately adjusted to reflect the one year deferral in due date and any interest accruing during such delay; and
   4. in determining the 5 year period and the term of the loan described in this subsection (c) the deferral period described herein shall be disregarded.