Common use of Excess Deferrals Clause in Contracts

Excess Deferrals. Any Participant’s combined Pre-Tax Deferral Contributions and ▇▇▇▇ Deferral Contributions, in excess of the adjusted $23,000 figure for a calendar year (“Excess Deferrals”), and the earnings or losses attributable thereto for the period from the date of contribution through the last day of the Plan Year shall be returned to the Participant no later than April 15th following the close of the calendar year in which such excess Pre-Tax Deferral Contributions and/or ▇▇▇▇ Deferral Contributions were made. A Participant may designate the extent to which the excess amount to be distributed is composed of Pre-Tax Deferral Contributions and/or ▇▇▇▇ Deferral Contributions but only to the extent such types of contributions were made for the Plan Year. If the Participant does not designate whether and to what extent Pre-Tax Deferral Contributions or ▇▇▇▇ Deferral Contributions are to be distributed, the Administrative Committee will first distribute Pre-Tax Deferral Contributions.

Excess Deferrals. Any Participant’s combined Pre-Tax Deferral Contributions and ▇▇▇▇ Deferral Contributions, in excess of the adjusted $23,000 18,000 figure for a calendar year (“Excess Deferrals”), and the earnings or losses attributable thereto for the period from the date of contribution through the last day of the Plan Year shall be returned to the Participant no later than April 15th following the close of the calendar year in which such excess Pre-Tax Deferral Contributions and/or ▇▇▇▇ Deferral Contributions were made. A Participant may designate the extent to which the excess amount to be distributed is composed of Pre-Tax Deferral Contributions and/or ▇▇▇▇ Deferral Contributions but only to the extent such types of contributions were made for the Plan Year. If the Participant does not designate whether and to what extent Pre-Tax Deferral Contributions or ▇▇▇▇ Deferral Contributions are to be distributed, the Administrative Committee will first distribute Pre-Tax Deferral Contributions.

Excess Deferrals. Any Participant’s combined Pre-Tax Deferral Contributions and ▇R▇▇▇ Deferral Contributions, in excess of the adjusted $23,000 figure for a calendar year (“Excess Deferrals”), and the earnings or losses attributable thereto for the period from the date of contribution through the last day of the Plan Year shall be returned to the Participant no later than April 15th following the close of the calendar year in which such excess Pre-Tax Deferral Contributions and/or ▇R▇▇▇ Deferral Contributions were made. A Participant may designate the extent to which the excess amount to be distributed is composed of Pre-Tax Deferral Contributions and/or ▇R▇▇▇ Deferral Contributions but only to the extent such types of contributions were made for the Plan Year. If the Participant does not designate whether and to what extent Pre-Tax Deferral Contributions or ▇R▇▇▇ Deferral Contributions are to be distributed, the Administrative Committee will first distribute Pre-Tax Deferral Contributions.