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.

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

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.