Common use of OMISSION OF ELIGIBLE EMPLOYEE Clause in Contracts

OMISSION OF ELIGIBLE EMPLOYEE. If any Employee who should be included as a Participant in the Plan is erroneously omitted and discovery of such omission is not made until after a contribution by his Employer for the year has been made, the Employer shall make a subsequent contribution, if necessary, so that the omitted Employee receives the total amount which the said Employee would have received had he not been omitted. For purposes of this Section 3.05, the term "contribution" shall not include Deferral Contributions and Matching Contributions made pursuant to Sections 4.01 and 4.03, respectively.

Appears in 10 contracts

Samples: Non Standardized Adoption Agreement (Marine Transport Corp), Profit Sharing/401(k) Plan (Lexington Precision Corp), Profit Sharing/401(k) Plan (TSW International Inc)

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OMISSION OF ELIGIBLE EMPLOYEE. If any Employee who should be included as ----------------------------- a Participant in the Plan is erroneously omitted and discovery of such omission is not made until after a contribution by his Employer for the year has been made, the Employer shall make a subsequent contribution, if necessary, so that the omitted Employee receives the total amount which the said Employee would have received had he not been omitted. For purposes of this Section 3.05, the term "contribution" shall not include Deferral Contributions and Matching Contributions made pursuant to Sections 4.01 and 4.03, respectively.

Appears in 1 contract

Samples: Profit Sharing/401(k) Plan (Impac Group Inc /De/)

OMISSION OF ELIGIBLE EMPLOYEE. If any Employee who should be included as a Participant in the Plan is erroneously omitted and discovery of such omission is not made until after a contribution by his Employer for the year has been made, the Employer shall make a subsequent contribution, if necessary, so that the omitted Employee receives the total amount which the said Employee would have received had he not been omitted. For purposes of this Section 3.05, the term "'contribution" ' shall not include Deferral Contributions and Matching Contributions made pursuant to Sections 4.01 and 4.03, respectively.

Appears in 1 contract

Samples: Profit Sharing / 401(k) Plan (Celadon Group Inc)

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OMISSION OF ELIGIBLE EMPLOYEE. If any Employee who should be included as a ----------------------------- Participant in the Plan is erroneously omitted and discovery of such omission is not made until after a contribution by his Employer for the year has been made, the Employer shall make a subsequent contribution, if necessary, so that the omitted Employee receives the total amount which the said Employee would have received had he not been omitted. For purposes of this Section 3.05, the term "contribution" shall not include Deferral Contributions and Matching Contributions made pursuant to Sections 4.01 and 4.03, respectively.

Appears in 1 contract

Samples: Adoption Agreement (Technitrol Inc)

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