Qualified plan loan offset amount
For purposes of this subparagraph, the term “qualified plan loan offset amount” means a plan loan offset amount which is treated as distributed from a qualified employer plan to a participant or beneficiary solely by reason of—
(I)#
the termination of the qualified employer plan, or
(II)#
the failure to meet the repayment terms of the loan from such plan because of the severance from employment of the participant.