Determining taxable income. If a Participant is prevented from making a portion of his tax-deferred savings contributions due to a permissible limitation, revocation or amendment by the Employer, such portion shall be considered taxable income to the Participant in the tax year for which the contribution was made and after appropriate taxes have been withheld shall be returned to the Participant.
Appears in 4 contracts
Samples: Adoption Agreement (Sonic Corp), Fairfax Financial Holdings LTD/ Can, Metals Usa Inc