Common use of Return of Excess 415 Contributions Clause in Contracts

Return of Excess 415 Contributions. (a) If as a result of a reasonable error in estimating a Participant’s annual compensation; a reasonable error in determining the amount of elective deferrals under Section 402(g)(3) of the Code; or any other circumstances that the Internal Revenue Service shall determine meets the requirements of Section 1.415- 6(b) (6) of the Treasury Regulations, an excess annual addition occurs in any Participant’s Account, a distribution is permitted of such excess. (b) Excess annual addition amounts, which are distributed, shall not be deemed annual additions for the limitation year during which such contributions were made, and are disregarded for purposes of Section 402(g) of the Code. (c) Distributions made under this Section 3.5 include distributions of Elective Deferrals or Employee voluntary contributions. Such distributions will also include the income attributable to the excess annual addition.

Return of Excess 415 Contributions. (a) If as a result of a reasonable error in estimating a Participant’s annual compensation; a reasonable reason- able error in determining the amount of elective deferrals under Section 402(g)(3) of the Code; or any other circumstances that the Internal Revenue Service shall determine meets the requirements of Section 1.415- 6(b) (6) of the Treasury Regulations, an excess annual addition occurs in any Participant’s Account, a distribution distribu- tion is permitted of such excess. (b) Excess annual addition amounts, which are distributed, shall not be deemed annual additions addi- tions for the limitation year during which such contributions were made, and are disregarded for purposes of Section 402(g) of the Code. (c) Distributions made under this Section 3.5 include distributions of Elective Deferrals or Employee voluntary contributions. Such distributions will also include the income attributable to the excess annual addition.

Return of Excess 415 Contributions. (a) If If, as a result of a reasonable error in estimating a Participant’s 's annual compensation; , a reasonable error in determining the amount of elective deferrals under Section 402(g)(3402(g) (3) of the Code; , or any other circumstances that the Internal Revenue Service shall determine meets the requirements of Section 1.415- 1.415-6(b) (6) of the Treasury Regulations, an excess annual addition occurs in any Participant’s Account's account, a distribution is permitted of such excess. (b) Excess annual addition amounts, amounts which are distributed, distributed shall not be deemed annual additions for the limitation year during which such contributions were made, and are disregarded for purposes of Section 402(g) of the Code. (c) Distributions made under this Section section 3.5 include distributions of Elective Deferrals or Employee employee voluntary contributions. Such distributions will also include the income attributable to the excess annual addition.