Request for contribution return Clause Samples
A Request for Contribution Return clause allows a party to formally ask for the return of contributions previously made under an agreement. This clause typically outlines the process for submitting such a request, including any required notice periods, documentation, or conditions that must be met before the return is processed. Its core function is to provide a clear and structured mechanism for recovering contributions, thereby reducing disputes and ensuring both parties understand their rights and obligations regarding the return of funds or resources.
Request for contribution return timing. The Trustee, upon written request from the Employer, must return to the Employer the amount of the Employer Contribution made by the Employer by mistake of fact or the amount of the Employer Contribution disallowed as a deduction under Code §404. The Trustee will not return any portion of the Employer Contribution under the provisions of this Section 3.01(H) more than one year after: (a) the Employer made the contribution by mistake of fact; or (b) the IRS's disallowance of the contribution as a deduction, and then, only to the extent of the disallowance.