Common use of Deductibility Clause in Contracts

Deductibility. Contributions by the Employer to the Plan are conditioned upon the deductibility of such contributions under section 404 of the Code, and, subject to (d) below, such contributions (to the extent disallowed) may be returned to the Employer within 1 year after the disallowance of the deduction.

Appears in 5 contracts

Samples: 401(k) Retirement Savings Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc)

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Deductibility. Contributions by the All Employer to the Plan contributions are conditioned upon the deductibility of such the contributions under section 404 of the Code, andthen, subject to (d) below, such contributions (to the extent the deduction is disallowed) , the Plan shall, upon written request of the Employer (or Participating Employer), return such amounts as may be returned permitted by law to the such Employer (or Participating Employer) as appropriate, within 1 one year after the disallowance of date the deduction.deduction is disallowed; and

Appears in 4 contracts

Samples: Adoption Agreement (Sonic Corp), Adoption Agreement (BRPP LLC), 401(k) Plan Document (Metals Usa Inc)

Deductibility. Contributions by the Employer to the Plan (other than any contributions allocable to the purchase of life insurance for a Self-Employed Individual) are conditioned upon the deductibility of such contributions under section 404 of the Code, and, subject to (d) below, such contributions (to the extent disallowed) may be returned to the Employer within 1 year after the disallowance of the deduction.

Appears in 1 contract

Samples: Adoption Agreement (Meridian Bioscience Inc)

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Deductibility. Contributions by the All Employer to the Plan contributions are conditioned upon the deductibility of such the contributions under Code section 404 of the Code404, andthen, subject to (d) below, such contributions (to the extent the deduction is disallowed) , the Plan shall, upon written request of the Employer (or Participating Employer), return such amounts as may be returned permitted by law to the such Employer (or Participating Employer) as appropriate, within 1 one year after the disallowance of date the deduction.deduction is disallowed; and

Appears in 1 contract

Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can)

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