Common use of Omission of Participant Clause in Contracts

Omission of Participant. 1. If the Plan is a money purchase plan or a target benefit plan and, if in any Plan Year, any Employee who should be included as a Participant is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for the year has been made and allocated, the Employer shall make a subsequent contribution to include earnings thereon, with respect to the omitted Employee in the amount which the Employer would have contributed with respect to that Employee had he or she not been omitted.

Appears in 6 contracts

Samples: Qualified Retirement Plan and Trust (Camco Financial Corp), Participation Agreement (Miami Computer Supply Corp), Qualified Retirement Plan and Trust (Cornell Corrections Inc)

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Omission of Participant. 1. I. If the Plan is a money purchase plan or a target benefit plan and, if in any Plan Year, any Employee who should be included as a Participant is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for the year has been made and allocated, the Employer shall make a subsequent contribution to include earnings thereon, with respect to the omitted Employee in the amount which the Employer would have contributed with respect to that Employee had he be or she not been omitted.

Appears in 2 contracts

Samples: Nabi /De/, Nabi /De/

Omission of Participant. 1. If the Plan is a money purchase plan or a target benefit plan and, if in any Plan Year, any Employee who should be included as a Participant is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for the year has been made and allocated, the Employer shall make a subsequent contribution to 13 ================================================================================ 9 include earnings thereon, with respect to the omitted Employee in the amount which the Employer would have contributed with respect to that Employee had he or she not been omitted.

Appears in 1 contract

Samples: Qualified Retirement Plan And (Meritage Hospitality Group Inc /Mi/)

Omission of Participant. 1. If the Plan is a money purchase plan monxx xxxxxxxx xlan or a target benefit plan and, if in any Plan Year, any Employee who should be included as a Participant is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for the year has been made and allocated, the Employer shall make a subsequent contribution to include earnings thereon, with respect to the omitted Employee in the amount which the Employer would have contributed with respect to that Employee had he or she not been omitted.

Appears in 1 contract

Samples: Qualified Retirement Plan and Trust (Edelbrock Corp)

Omission of Participant. 1. If the Plan is a money purchase plan or a target benefit plan and, if in any Plan Year, Year any Employee who should be included as a Participant is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for the year has been made and allocated, the Employer shall make a subsequent contribution to 43 9 include earnings thereon, with respect to the omitted Employee in the amount which the Employer would have contributed with respect to that Employee had he or she not been omitted.

Appears in 1 contract

Samples: Bradford Funds Inc

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Omission of Participant. 1. If 1.If the Plan is a money purchase x xxxxx xxxxxase plan or a target benefit plan and, if in any Plan Year, any Employee who should be included as a Participant is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for tor the year has been made mittle and allocated, . the Employer shall make a subsequent contribution to include earnings earn- thereon, with respect to the omitted Employee in the amount which the Employer Ernplbyer would have contributed with respect to that Employee had he or she not been omitted.

Appears in 1 contract

Samples: Weststar Financial Services Corp

Omission of Participant. 1. If the Plan is Xx xxx Xxxx xx a money purchase plan or a target benefit plan and, if in any Plan Year, any Employee who should be included as a Participant is erroneously omitted and discovery of such omission is not made until after a contribution by the Employer for the year has been made and allocated, the Employer shall make a subsequent contribution to include earnings thereon, with respect to the omitted Employee in the amount which the Employer would have contributed with respect to that Employee had he or she not been omitted.

Appears in 1 contract

Samples: Qualified Retirement Plan and Trust (Connecticut Water Service Inc / Ct)

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