Common use of Return of Excess Annual Additions, Deferrals and Contributions Clause in Contracts

Return of Excess Annual Additions, Deferrals and Contributions. (a) If a Participant’s Pre-Tax Contributions cause the annual additions allocated to a Participant’s Account to exceed the limit imposed by Section 13.04, such excess contributions (plus or minus any gains or losses thereon) will be returned to the Participant in the following order: (i) Pre-Tax Contributions for which no Matching Contributions were made; and (ii) Pre-Tax Contributions for which Matching Contributions were made. Contributions returned pursuant to this subsection (a) will be disregarded in applying the limits imposed by Sections 13.01 through 13.03.

Return of Excess Annual Additions, Deferrals and Contributions. (a) If a Participant’s Pre-Tax Contributions cause the annual additions allocated to a Participant’s Account to exceed the limit imposed by Section 13.0413.05, such excess contributions (plus or minus any gains or losses thereon) will be returned to the Participant in the following order: (i) Pre-Tax Contributions for which no Matching Contributions were made; and (ii) Pre-Tax Contributions for which Matching Contributions were made. Contributions returned pursuant to this subsection (a) will be disregarded in applying the limits imposed by Sections 13.01 through 13.0313.04.