Common use of Make-Up Contributions Clause in Contracts

Make-Up Contributions. The Employer may make special make-up contributions to the Plan, if necessary, if there are insufficient forfeitures under the Plan to restore Participant Accounts according to Section 3.5, or if a mistake or omission in the allocation of Employer Contributions is discovered and is not be corrected by revising prior allocations.

Appears in 1 contract

Sources: Employee Stock Ownership Plan and Trust Agreement (Scotts Liquid Gold Inc)

Make-Up Contributions. The Employer may make special make-up contributions to the Plan, if necessary, if there are insufficient forfeitures under the Plan to restore Participant Participants' Accounts according to Section 3.53.6, if Participants' Accounts must be reinstated according to such section, or if a mistake or omission in the allocation of Employer Contributions contributions is discovered and is cannot be corrected by revising prior allocations.

Appears in 1 contract

Sources: Employee Stock Ownership Plan and Trust Agreement (Scotts Liquid Gold Inc)