Common use of Reduction of Benefits Clause in Contracts

Reduction of Benefits. Reduction of benefits under this Plan, where required by this Section 14, shall be accomplished by reducing the Participant's benefit under this Plan to the extent required to prevent disqualification of this Plan under the Code. Notwithstanding the preceding sentence, if the limits set forth in Section 14(b) or 14(e) are exceeded, no reduction shall be made under this Plan unless the other plans taken into account under Section 14(b) or (e) have been terminated. 114(h) Any amounts otherwise considered accrued under this Plan may be reduced if necessary to comply with §415 of the Code. Prior to retiring, the Participant and his or her Employers shall furnish all records and affidavits that the Directors shall request in order to determine whether the limits set forth in this Section have been met. The Directors may also request such information from time to time prior to retirement. In the event the Directors determine that the applicable limits have been exceeded, the excess amounts shall be forfeited. The Directors’ determination of the applicable limits under this section for a particular Participant shall be conclusive.

Reduction of Benefits. Reduction of benefits under this Plan, where required by this Section 14, shall be accomplished by reducing the Participant's benefit under this Plan to the extent required to prevent disqualification of this Plan under the Code. Notwithstanding the preceding sentence, if the limits set forth in Section 14(b) or 14(e) are exceeded, no reduction shall be made under this Plan unless the other plans taken into account under Section 14(b) or (e) have been terminated. 114(h117(h) Any amounts otherwise considered accrued under this Plan may be reduced if necessary to comply with §415 of the Code. Prior to retiring, the Participant and his or her Employers shall furnish all records and affidavits that the Directors shall request in order to determine whether the limits set forth in this Section have been met. The Directors may also request such information from time to time prior to retirement. In the event the Directors determine that the applicable limits have been exceeded, the excess amounts shall be forfeited. The Directors’ determination of the applicable limits under this section for a particular Participant shall be conclusive.

Reduction of Benefits. Reduction of benefits under this Plan, where required by this Section 14, shall be accomplished by reducing the Participant's benefit under this Plan to the extent required to prevent disqualification of this Plan under the Code. Notwithstanding the preceding sentence, if the limits set forth in Section 14(b) or 14(e) are exceeded, no reduction shall be made under this Plan unless the other plans taken into account under Section 14(b) or (e) have been terminated. 114(h115(h) Any amounts otherwise considered accrued under this Plan may be reduced if necessary to comply with §415 of the Code. Prior to retiring, the Participant and his or her Employers shall furnish all records and affidavits that the Directors shall request in order to determine whether the limits set forth in this Section have been met. The Directors may also request such information from time to time prior to retirement. In the event the Directors determine that the applicable limits have been exceeded, the excess amounts shall be forfeited. The Directors’ determination of the applicable limits under this section for a particular Participant shall be conclusive.