If Your Situation Changes


If Your Work Status Changes	If your work status changes from salaried to hourly, you can generally continue to participate in the plan or elect to participate if you were eligible immediately prior to the status change. However, in any other situation, a change to an ineligible work status (such as a transfer to a non-participating company or non-U.S. payroll status) means you're no longer eligible to make contributions to the plan. You may continue to reallocate or transfer your existing vested account balance among the investment funds, but you may not take loans from your account. You cannot take a distribution from the plan until your employment ends. However, you may request withdrawals, subject to the plan's withdrawal rules.
If You Have a Break in Service and Are Subsequently Rehired	A break in service is the period beginning on the date your employment with JPMorgan Chase, or an affiliate that is a member of a controlled group, ends for any reason and ending on the date you're rehired. See "Important Terms" for the definition of "Break in Service." A break in service may affect JPMorgan Chase matching contribution eligibility and vesting of JPMorgan Chase non-matching contributions, if any, under the plan. A one-year break in service is the 12-consecutive-month period beginning on the date your employment ends and ending with the first anniversary of that date. If you return to work before you've been gone for one year, all service (including the period of your break) is counted toward total service. If you had a break in service prior to December 31, 2004 and were vested at the time, you don't forfeit any benefits. When you return to JPMorgan Chase or a participating affiliate, you're eligible to elect to participate in the plan again and are 100% vested in the value of JPMorgan Chase matching contributions — including any investment experience earned — after your return. If you had a break in service prior to December 31, 2004 and were not vested at the time, you do forfeit the value of JPMorgan Chase matching contributions made to your account. However, these amounts can be restored, according to these rules: If your break is less than five years, all service you earned before the break is counted toward service for matching contribution eligibility and vesting after your rehire (if your break is less than 12 months, the period of your break is also counted). The value of any forfeited JPMorgan Chase matching contributions is restored when you return — provided that you repay any amounts distributed to you during your break in service. If your break is five years or more, all service you earned before the break is counted toward service for matching contribution eligibility and vesting after your rehire. Any forfeited JPMorgan Chase matching contributions, including investment experience, will not be restored when you return. If you had service with heritage Bank One and incurred a break in service prior to December 31, 2004, your total service will not include such prior Bank One service if it was not recognized by the heritage Bank One Savings and Investment Plan. For example, if you had a break in service that began prior to being vested and your break exceeded five years, then service prior to the break will not be part of total service nor will your account balance be restored.
If You Go on a Paid Leave	As long as you're on authorized paid leave of absence under the Disability Leave Policy, your contributions to and participation in the 401(k) Savings Plan can continue uninterrupted. Please Note: If you're on a partially paid leave, your contributions and the JPMorgan Chase matching contributions, if eligible, will be based on the amount of benefits pay paid to you during your leave.
If You Receive Long-Term Disability	If you receive long-term disability (LTD) benefits from the JPMorgan Chase LTD Plan or the Bank One LTD Plan, your contributions to the plan and any applicable matching contributions stop. Even though you will not be contributing to the plan, you may continue to reallocate or transfer your investments on a daily basis and request withdrawals, subject to plan provisions. However, loans are not available while receiving LTD benefits. To continue loan repayments for loans granted prior to your leave, you must authorize semi-monthly automatic electronic withdrawals from your bank account. Please see "What Happens to Your Loan If You Terminate Employment with JPMorgan Chase" in the "Loans" section for more information. You'll be eligible to take a distribution of your account balance if you're totally disabled and have received benefits under the JPMorgan Chase LTD Plan for more than 18 months.
If You Go on an Unpaid Leave	While you're on unpaid leave, your contributions to the plan and any applicable matching contributions stop. Even though you may not be making contributions to the plan, you may continue to reallocate or transfer your vested account balance on a daily basis, request loans, and request withdrawals from the plan, subject to plan provisions. To continue loan repayments for loans granted prior to your leave, you must authorize semi-monthly automatic electronic withdrawals from your bank account. Please see "What Happens to Your Loan If You Terminate Employment with JPMorgan Chase" in the "Loans" section for more information.
If You Leave JPMorgan Chase	Upon termination of employment, contributions stop when your benefits pay ends. (Severance payments do not constitute benefits pay.) You may request plan payment as described in "Receiving Account Payments After You Retire or Terminate from JPMorgan Chase." Please see "Payment Options" for information about how your plan account is paid.
If You Become Divorced or Legally Separated	Your 401(k) Savings Plan account cannot be sold, assigned, transferred, pledged, or garnished, under most circumstances. However, if you become divorced or legally separated, certain court orders could require that part of your account be paid to someone else — your spouse or children, for example. This is known as a Qualified Domestic Relations Order (QDRO). JPMorgan Chase is legally required to recognize QDROs. Please see "If You Become Divorced or Legally Separated" for more information.
If You Die	If you die while in active employment status, your account is payable to your beneficiary. To ensure prompt payment, your beneficiary should contact the 401(k) Savings Plan Call Center concerning payment of your account. Please see "Payments to a Beneficiary" for more information.