Common use of Correction of Error Clause in Contracts

Correction of Error. In the event of an error in the adjustment of a Participant’s Accounts, the Administration Committee, in its sole discretion, may correct such error by either crediting or charging the adjustment required to make such correction to or against income and expenses of the Trust for the Plan Year in which the correction is made, or the Employers may make an additional contribution to permit correction of the error. Except as provided in this subsection 7.5 or as otherwise determined by the Administration Committee, the Accounts of other Participants shall not be readjusted on account of such error.

Correction of Error. In the event of an error in the adjustment of a Participant’s Accounts, the Administration Benefits Committee, in its sole discretion, may correct such error by either crediting or charging the adjustment required to make such correction to or against income and expenses of the Trust for the Plan Year in which the correction is made, made or the Employers Employer may make an additional contribution to permit correction of the error. Except as provided in this subsection 7.5 7.4 or as otherwise specifically determined by the Administration Benefits Committee, the Accounts of other Participants shall not be readjusted on account of such error.