Nondeductible Contributions. Except to the extent an Employer may intentionally make a nondeductible contribution, for example in order to correct an administrative error or restore a Forfeiture, any contribution by the Employer is conditioned on its deductibility and will otherwise be returned to the Employer.
Appears in 2 contracts
Samples: Employee Stock Ownership Plan & Trust (Picis Inc), Employee Stock Ownership Plan & Trust (Picis Inc)
Nondeductible Contributions. Except to the extent that an Employer may intentionally make a nondeductible contribution, for example in order example, to correct an administrative error or restore a Forfeiture, any contribution by the Employer is contributions are conditioned on its deductibility and will otherwise be returned to the Employer.
Appears in 2 contracts
Samples: 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De), 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)
Nondeductible Contributions. Except to the extent an Employer may intentionally make a nondeductible contribution, for example in order to correct an administrative error or restore a Forfeiture, any contribution by the Employer is conditioned on its deductibility and will otherwise be returned to the Employer.
Appears in 1 contract
