Timing and form of contributions Sample Clauses

Timing and form of contributions. Notwithstanding the foregoing, if the Employer is not a tax-exempt entity, then the Employer's contributions for any Fiscal Year may generally not exceed the maximum amount allowable as a deduction to the Employer under the provisions of Code §404. However, to the extent necessary to provide the top-heavy minimum allocations, the Employer shall make a contribution even if it exceeds current or accumulated net profit or the amount that is deductible under Code §404. Subject to the consent of the Trustee (or Insurer), the Employer may make its contribution to the Plan in the form of property, provided such contribution does not constitute a prohibited transaction under the Code or the Act. The decision to make a contribution of property is subject to the general fiduciary rules under the Act.

Timing and form of contributions. Contributions made by the Participating Employer and by Participants will be forwarded to the Trustee as soon as administratively practicable after the end of each payroll period. Contributions must be paid in cash, check, certified funds, ACH transfer or wire. Contributions of property is not permitted.