Common use of Nondeductible Contributions Clause in Contracts

Nondeductible Contributions. Except to the extent an Employer may intentionally make a nondeductible contribution, for example in order to correct an administrative error or restore a Forfeiture, any contribution by the Employer is conditioned on its deductibility and will otherwise be returned to the Employer.

Appears in 2 contracts

Samples: Picis Inc, Picis Inc

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Nondeductible Contributions. Except to the extent that an Employer may intentionally make a nondeductible contribution, for example in order example, to correct an administrative error or restore a Forfeiture, any contribution by the Employer is contributions are conditioned on its deductibility and will otherwise be returned to the Employer.

Appears in 2 contracts

Samples: Non Standardized Prototype Adoption Agreement (Michaels Stores Inc), Littelfuse Inc /De

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Nondeductible Contributions. Except to the extent an Employer may intentionally make a nondeductible contribution, for example in order to correct an administrative error or restore a Forfeiture, any contribution by the Employer is conditioned on its deductibility and will otherwise be returned to the Employer.

Appears in 1 contract

Samples: Agreement (Provident Bancorp Inc/Ny/)

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