Common use of Withdrawal of Excess Contributions or Deferrals Clause in Contracts

Withdrawal of Excess Contributions or Deferrals. If for any taxable year, any portion of the contributions to the Employee's Account is an excess contribution under Code Section 4973, the Employee may instruct the Custodian to pay such amount (plus earnings) to the Employee and the Custodian will process such withdrawal (subject to the requirements of subsection (a) above). Alternatively, the Employee may designate such amount as a contribution for a subsequent taxable year by appropriate written instructions to the Custodian. If, on or before March 1 following the close of a calendar year, the Employee notifies the Custodian in writing that an amount in the Account constitutes a deferral (including salary reduction contributions) in excess of the applicable limit in Code Section 402(g) and requests to withdraw such amount (plus earnings), the Custodian will process such withdrawal and pay such amount (and any earnings allocable to such amount) to the Employee (or to his or her order) on or before the next following April 15.

Withdrawal of Excess Contributions or Deferrals. If for any taxable year, any portion of the contributions to the Employee's ’s Account is an excess contribution under Code Section 4973, the Employee may instruct the Custodian to pay such amount (plus earnings) to the Employee and the Custodian will process such withdrawal (subject to the requirements of subsection (a) above). Alternatively, the Employee may designate such amount as a contribution for a subsequent taxable year by appropriate written instructions to the Custodian. If, on or before March 1 following the close of a calendar year, the Employee notifies the Custodian in writing that an amount in the Account constitutes a deferral (including salary reduction contributions) in excess of the applicable limit in Code Section 402(g) and requests to withdraw such amount (plus earnings), the Custodian will process such withdrawal and pay such amount (and any earnings allocable to such amount) to the Employee (or to his or her order) on or before the next following April 15.

Withdrawal of Excess Contributions or Deferrals. If for any taxable year, any portion por- tion of the contributions to the Employee's ’s Account is an excess contribution under Code Section 49734973(c), the Employee may instruct the Custodian to pay such amount (plus earnings) to the Employee and the Custodian will process such withdrawal (subject to the requirements of subsection (a) above). Alternatively, the Employee may designate such amount as a contribution for a subsequent taxable year by appropriate written instructions to the Custodian. If, on or before March 1 following the close of a calendar year, the Employee notifies noti- fies the Custodian in writing that an amount in the Account constitutes a deferral defer- ral (including salary reduction contributions) in excess of the applicable limit in Code Section 402(g) and requests to withdraw such amount (plus earnings), the Custodian will process such withdrawal and pay such amount (and any earnings allocable to such amount) to the Employee (or to his or her order) on or before the next following April 15.