ARTICLE 8: EMPLOYER CONTRIBUTIONS; AMOUNT AND ALLOCATION Sample Clauses

ARTICLE 8: EMPLOYER CONTRIBUTIONS; AMOUNT AND ALLOCATION. 8.1 AMOUNT OF EMPLOYER CONTRIBUTION: (a) For each Plan Year that the Plan is in effect, the Employer will contribute the amount (if any) determined according to the provisions of this article. If, due to miscalculation or error, the Employer's contribution exceeds the amount prescribed or determined by the Employer, such excess may, at the election of the Employer, be treated as a contribution for the succeeding Plan Year or years. (b) Except as otherwise provided under this Plan, the Employer's contribution may be paid in a single sum or installments, but the total amount will be paid to the Trustee not later than the time (including extensions thereof) prescribed by law for filing the Employer's federal income tax return for its taxable year beginning with or within the Plan Year. 8.2 PROFIT-SHARING PLANS: If the Employer's plan is a profit-sharing plan, the following provisions will apply: (a) Amount. Unless specified otherwise in the adoption agreement, for each Plan Year the Employer will contribute whatever amount (if any) the Employer determines in its discretion. The Employer will not be obligated to contribute any particular amount in a Plan Year or to make any contribution at all in any particular Plan Year. However, if in the Adoption Agreement the Employer elected a formula for determining the contribution for a Plan Year, the Employer will contribute the amount determined under such formula. Such a formula may include the contribution of a flat dollar amount to the account of each Participant who is eligible to share in the allocation of the Employer's contribution. If in the Adoption Agreement, the Employer elected to make a minimum contribution, the Employer will contribute the amount of such minimum contribution. For each Contribution Period the Employer will contribute an amount which will equal the contribution the Employer determined to make for all Participants entitled to receive an allocation for such period in the Metropolitan Life Insurance Company Adoption Agreement. Unless otherwise elected in the Adoption Agreement, the Contribution Period shall be the Plan Year. The Employer may elect in the Adoption Agreement a Contribution Period shorter than the Plan Year. Employer contributions for a Contribution Period will be transferred to the Trustee within a reasonable time after the end of such period. However, the total amount of the Employer's contributions for a Plan Year will be paid to the Trustee by the time specified in Section ...