Common use of EMPLOYER APPROVAL OF TRANSFER CONTRIBUTIONS Clause in Contracts

EMPLOYER APPROVAL OF TRANSFER CONTRIBUTIONS. The Employer maintaining a Safe-Harbor Profit-Sharing Plan in accordance with the provisions of paragraph 8.7, acting in a nondiscriminatory manner, may in its sole discretion refuse to allow Transfer Contributions to its profit-sharing plan, if such contributions are directly or indirectly being transferred from a defined benefit plan, a money purchase pension plan (including a target benefit plan), a stock bonus plan, or another profit-sharing plan which would otherwise provide for a life annuity form of payment to the Participant.

EMPLOYER APPROVAL OF TRANSFER CONTRIBUTIONS. The Employer maintaining a Safesafe-Harbor harbor Profit-Sharing Plan in accordance with the provisions of paragraph 8.78 7, acting in a nondiscriminatory manner, may in its sole discretion refuse to allow Transfer Contributions to its profit-sharing plan, if such contributions are directly or indirectly being transferred from a defined benefit plan, a money purchase pension plan (including a target benefit plan), a stock bonus plan, or another profit-profit- sharing plan which would otherwise provide for a life annuity form of payment to the Participant.

EMPLOYER APPROVAL OF TRANSFER CONTRIBUTIONS. The Employer maintaining a Safe-Safe Harbor Profit-Profit Sharing Plan in accordance with the provisions of paragraph 8.7, acting in a nondiscriminatory manner, may in its sole discretion refuse to allow Transfer Contributions to its profit-profit sharing plan, if such contributions are directly or indirectly being transferred from a defined benefit plan, a money purchase pension plan (including a target benefit plan), a stock bonus plan, or another profit-profit sharing plan which would otherwise provide for a life annuity form of payment to the Participant.

EMPLOYER APPROVAL OF TRANSFER CONTRIBUTIONS. The Employer maintaining a Safesafe-Harbor Profit-Sharing Plan in accordance with the provisions of paragraph 8.7, acting in a nondiscriminatory manner, may in its sole discretion refuse to allow Transfer Contributions to its profit-sharing plan, if such contributions are directly or indirectly being transferred from a defined benefit plan, a money purchase pension plan (including a target benefit plan), a stock bonus plan, or another profit-sharing plan which would otherwise provide for a life annuity form of payment to the Participant.

EMPLOYER APPROVAL OF TRANSFER CONTRIBUTIONS. The Employer maintaining a Safe-Harbor Profit-Profit Sharing Plan in accordance with the provisions of paragraph 8.7, acting in a nondiscriminatory manner, may in its sole discretion refuse to allow Transfer Contributions to its profit-sharing plan, if such contributions are directly or indirectly being transferred from a defined benefit planDefined Benefit Plan, a money purchase pension plan (including a target benefit plan), a stock bonus plan, or another profit-sharing plan which would otherwise provide for a life annuity form of payment to the Participant.