Common use of Xxxx and Pre-Tax Deferrals Clause in Contracts

Xxxx and Pre-Tax Deferrals. If an HCE who will receive a distribution of Excess Contributions, in the Plan Year for which the corrective distribution is made, has contributed both Pre-Tax Deferrals and Xxxx Deferrals, the Plan Administrator operationally will determine the Elective Deferral Account source(s) from which it will direct the Trustee to make the corrective distribution. The Plan Administrator also may permit the affected Participant to elect the source(s) from which the Trustee will make the corrective distribution. However, the amount of a corrective distribution of Excess Contributions to any Participant from the Pre-Tax Deferral or Xxxx Deferral sources under this Section 4.10(B)(8)(c) may not exceed the amount of the Participant's Pre-Tax Deferrals or Xxxx Deferrals for the Testing Year.

Xxxx and Pre-Tax Deferrals. If an HCE a Participant who will receive a distribution of Excess ContributionsDeferrals, in the Plan Taxable Year for which the corrective distribution is made, has contributed both Pre-Tax Pre‑Tax Deferrals and Xxxx Deferrals, the Plan Administrator operationally will determine the Elective Deferral Account source(s) from which it will direct the Trustee to make the corrective distribution. The Plan Administrator also may permit the affected Participant to elect the source(s) from which the Trustee will make the corrective distribution. However, the amount of a corrective distribution of Excess Contributions Deferrals to any Participant from the Pre-Tax Pre‑Tax Deferral or Xxxx Deferral sources under this Section 4.10(B)(8)(c4.10(A)(9) may not exceed the amount of the Participant's Pre-Tax Pre‑Tax Deferrals or Xxxx Deferrals for the Testing YearTaxable Year of the correction.

Xxxx and Pre-Tax Deferrals. If an HCE a Participant who will receive a distribution of Excess ContributionsDeferrals, in the Plan Taxable Year for which the corrective distribution is made, has contributed both Pre-Tax Deferrals and Xxxx Deferrals, the Plan Administrator operationally will determine the Elective Deferral Account source(s) from which it will direct the Trustee to make the corrective distribution. The Plan Administrator also may permit the affected Participant to elect the source(s) from which the Trustee will make the corrective distribution. However, the amount of a corrective distribution of Excess Contributions Deferrals to any Participant from the Pre-Tax Deferral or Xxxx Deferral sources under this Section 4.10(B)(8)(c4.10(A)(10) may not exceed the amount of the Participant's ’s Pre-Tax Deferrals or Xxxx Deferrals for the Testing YearTaxable Year of the correction.

Xxxx and Pre-Tax Deferrals. If an HCE a Participant who will receive a distribution of Excess ContributionsDeferrals, in the Plan Taxable Year for which the corrective distribution is made, has contributed both Pre-Tax Deferrals and Xxxx Deferrals, the Plan Administrator operationally will determine the Elective Deferral Account source(s) from which it will direct the Trustee to make the corrective distribution. The Plan Administrator also may permit the affected Participant to elect the source(s) from which the Trustee will make the corrective distribution. However, the amount of a corrective distribution of Excess Contributions Deferrals to any Participant from the Pre-Tax Deferral or Xxxx Deferral sources under this Section 4.10(B)(8)(c4.10(A)(10) may not exceed the amount of the Participant's Pre-Tax Deferrals or Xxxx Deferrals for the Testing YearTaxable Year of the correction.

Xxxx and Pre-Tax Deferrals. If an HCE who will receive a distribution of Excess Contributions, in the Plan Year for which the corrective distribution is made, has contributed both Pre-Tax Deferrals and Xxxx Deferrals, the Plan Administrator operationally will determine the Elective Deferral Account source(s) from which it will direct the Trustee to make the corrective distribution. The Plan Administrator also may permit the affected Participant to elect the source(s) from which the Trustee will make the corrective distribution. However, the amount of a corrective distribution of Excess Contributions to any Participant from the Pre-Tax Deferral or Xxxx Deferral sources under this Section 4.10(B)(8)(c) may not exceed the amount of the Participant's ’s Pre-Tax Deferrals or Xxxx Deferrals for the Testing Year.

Xxxx and Pre-Tax Deferrals. If an HCE who will receive a distribution of Excess Contributions, in the Plan Year for which the corrective distribution is made, has contributed both Pre-Tax Pre‑Tax Deferrals and Xxxx Deferrals, the Plan Administrator operationally will determine the Elective Deferral Account source(s) from which it will direct the Trustee to make the corrective distribution. The Plan Administrator also may permit the affected Participant to elect the source(s) from which the Trustee will make the corrective distribution. However, the amount of a corrective distribution of Excess Contributions to any Participant from the Pre-Tax Pre‑Tax Deferral or Xxxx Deferral sources under this Section 4.10(B)(8)(c) may not exceed the amount of the Participant's Pre-Tax Pre‑Tax Deferrals or Xxxx Deferrals for the Testing Year.