Common use of Notification by Employee Clause in Contracts

Notification by Employee. If the Plan is not notified by a Participant that such Participant’s limitation of Salary Deferral Contributions (under Code section 402(g)) as described in paragraphs (a) and (b) of this Section 3.06 has been exceeded, the Plan shall assume that such limitation has not been exceeded by such Participant’s Salary Deferral Contributions to the Plan.

Appears in 2 contracts

Samples: Adoption Agreement (Sonic Corp), Adoption Agreement (BRPP LLC)

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Notification by Employee. If the Plan is not notified by a Participant that such Participant’s 's limitation of Salary Deferral Contributions (under Code section 402(g)) as described in paragraphs (a) and (b) of this Section 3.06 has been exceeded, the Plan shall assume that such limitation has not been exceeded by such Participant’s 's Salary Deferral Contributions to the Plan.

Appears in 2 contracts

Samples: 401(k) Plan Document (Metals Usa Inc), 401(k) Plan Document (Metals Usa Inc)

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Notification by Employee. If the Plan is not notified by a Participant that such Participant’s limitation of Salary Deferral Contributions Elective Deferrals (under Code section 402(g)) as described in paragraphs (a) and (b) of this Section 3.06 has been exceeded, the Plan shall assume that such limitation has not been exceeded by such Participant’s Salary Deferral Contributions Elective Deferrals to the Plan.

Appears in 1 contract

Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can)

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