Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions. Interest shall not be paid. Interest shall be paid on a refund of Employee Contributions at a rate established by GMEBS from time to time. Other rate of interest (must specify rate in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)):
Appears in 5 contracts
Samples: Defined Benefit Retirement Plan Adoption Agreement, Defined Benefit Retirement Plan, Defined Benefit Retirement Plan
Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions. Interest shall not be paid. Interest shall be paid on a refund of Employee Contributions at a rate established by GMEBS from time to time. Other rate of interest (must specify rate in a manner that satisfies rate, subject to the definite written program requirement provisions of Treasury Regulation 1.401-1(a)(2) and Section 13.06 of the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)):Master Plan Document): .
Appears in 1 contract
Samples: Defined Benefit Retirement Plan
Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions. Interest shall not be paid. Interest shall be paid on a refund of Employee Contributions at a rate established by GMEBS from time to time. Other rate of interest (must specify rate in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)):): .
Appears in 1 contract
