Common use of Disposition of Excess Amount Clause in Contracts

Disposition of Excess Amount. If, pursuant to subsection 3.3(a), or because of the allocation of Forfeitures, there is an Excess Amount with respect to a Participant for a Limitation Year, the Plan Administration Committee shall dispose of such Excess Amount as provided under the Employee Plans Compliance Resolution System or such other correction method allowed by statute, regulations or regulatory authorities.

Appears in 2 contracts

Sources: Fire and Police Money Purchase Pension Plan and Trust Agreement, Pension Plan and Trust Agreement