Common use of Error Correction Clause in Contracts

Error Correction. The Administrator may correct any errors or omissions in the administration of the Plan by restoring any Participant's Account balance with the amount that would be credited to the Account had no error or omission been made. Funds necessary for any such restoration shall be provided through payment made by the Employer, or by the Trustee to the extent the error or omission is attributable to actions or inactions of the Trustee.

Appears in 6 contracts

Samples: Employee Savings Plan Agreement (Nipsco Industries Inc), Plan and Trust Agreement (Roadway Services Inc), Employees' Savings Plan and Trust Agreement (Timken Co)

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Error Correction. The Administrator may correct any errors or omissions in the administration of the Plan by restoring any Participant's Account balance with the amount that would be credited to the Account had no error or omission been made. Funds necessary for any such restoration shall be provided through payment made by the Employer, or by the Trustee to the extent the error or omission is attributable to actions or inactions of the Trustee, or if the restoration involves an Account holding amounts contributed by an Employer, the Administrator may direct the Trustee to use amounts from the Forfeiture Account.

Appears in 5 contracts

Samples: 401(k) Plan and Trust Agreement (Longview Fibre Co), Retirement Savings Plan and Trust Agreement (Southdown Inc), Savings Plan and Trust Agreement (Hanna M a Co/De)

Error Correction. The Administrator may correct any errors or omissions in the administration of the Plan by restoring any Participant's Account balance with the amount that would be credited to the Account had no error or omission been made. Funds necessary for any such restoration shall be provided through payment made by the Employer, or by the Trustee to the extent the error or omission is attributable to actions or inactions of the Trustee., or if the restoration involves an Account holding amounts contributed by an Employer, the Administrator may direct the Trustee to use amounts from the Forfeiture Account. --------------------------------------------------------------------------------

Appears in 2 contracts

Samples: Financial Security Plan and Trust Agreement (Caliber System Inc), Retirement Savings Plan and Trust Agreement (Spieker Properties Inc)

Error Correction. The Administrator may correct any errors or omissions in the administration of the Plan by restoring any Participant's Account balance with the amount that would be credited to the Account had no error or omission been made. Funds necessary for any such restoration shall be provided through payment made by the Employer, or by the Trustee to the extent the error or omission is attributable to actions or inactions of the Trustee, or if the restoration involves an Account holding amounts contributed by an Employer, the Administrator may direct the Trustee to use forfeiture amounts.

Appears in 1 contract

Samples: Salaried Savings Plan and Trust Agreement (Longview Fibre Co)

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Error Correction. The Administrator may correct any errors or omissions in the administration of the Plan by restoring any Participant's Account balance with the amount that would be credited to the Account had no error or omission been made. Funds necessary for any such restoration shall be provided through payment made by the Employer, or by the Trustee to the extent the error or omission is 20 attributable to actions or inactions of the Trustee, or if the restoration involves an Account holding amounts contributed by an Employer, the Administrator may direct the Trustee to use amounts from the Forfeiture Account.

Appears in 1 contract

Samples: Employee Stock Savings Plan (La Gear Inc)

Error Correction. The Administrator may correct any errors or omissions in the administration of the Plan by restoring any Participant's Account balance with the amount that would be credited to the Account had no error or omission been made. Funds necessary for any such restoration shall be provided through payment made by the Employer, or by the Trustee to the extent the error or omission is attributable to actions or inactions of the Trustee, or if the restoration involves an employer contribution account, the Administrator may direct the Trustee to use amounts from the Forfeiture Account.

Appears in 1 contract

Samples: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/)

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