ACP Correction. Company Match Contributions shall, by the end of the next Plan Year, be refunded to the Participant in an amount equal to the actual Contributions minus the product of the maximum percentage and the HCE's Compensation.
Appears in 2 contracts
Sources: Retirement & Savings Plan (Bank Jos a Clothiers Inc /De/), Plan and Trust Agreement (Roadway Services Inc)
ACP Correction. Company Match Contributions shall, by the end of the next Plan Year, be refunded to the Participant in an amount equal to the actual Contributions minus the product of the maximum percentage and the HCE's Compensation. The excess amounts shall first be taken from unmatched After-Tax Contributions and then as a proportional combination of matched After-Tax and Company Match, Stock Matching and Employer Supplemental Contributions.
Appears in 1 contract
Sources: Employees' Savings Plan and Trust Agreement (Timken Co)