Common use of Deductibility of Contributions Clause in Contracts

Deductibility of Contributions. Notwithstanding any other provisions herein contained, all contributions made under the Plan are hereby expressly conditioned upon their deductibility under Code Section 404, as amended from time to time, and, if the deduction for any contribution is disallowed in whole or in part, then such contribution (to the extent the deduction is disallowed) will, upon the direction of the Administrative Committee, be returned to the Company or the party who made it without liability to any person.

Deductibility of Contributions. Notwithstanding any other provisions herein contained, all contributions made under the Plan are hereby expressly conditioned upon their deductibility under Section 404 of the Code Section 404and the Treasury Regulations thereunder, as amended from time to time, and, and if the deduction for any contribution is disallowed in whole or in part, then such contribution (to the extent the deduction is disallowed) willshall, upon the direction of the Administrative Committee, which shall be given in conformity with the provisions of ERISA, be returned to the Company or the party who made it without liability to any person.

Deductibility of Contributions. Notwithstanding any other provisions herein contained, all contributions made under the Plan are hereby expressly conditioned upon their deductibility under Section 404 of the Code Section 404and the Treasury Regulations thereunder, as amended from time to time, and, and if the deduction for any contribution is disallowed in whole or in part, then such contribution (to the extent the deduction is disallowed) willshall, upon the direction of the Administrative Committee, which shall be given in conformity with the provisions of ERISA, be returned to the Company Employer or the party who made it without liability to any person.

Deductibility of Contributions. Notwithstanding any other provisions herein contained, all contributions made under the Plan are hereby expressly conditioned upon their deductibility under Section 404 of the Code Section 404and the Treasury Regulations thereunder, as amended from time to time, and, if the deduction for any contribution is disallowed in whole or in part, then such contribution (to the extent the deduction is disallowed) willshall, upon the direction of the Administrative Committee, which shall be given in conformity with the provisions of ERISA, be returned to the Company or the party who made it without liability to any person.