Common use of Refund Request Clause in Contracts

Refund Request. If a Participant's 401(k) Contributions and other elective deferrals described in ss. 6.3(a) and (b) for a calendar year exceed the Code ss. 402(g) dollar limit, he or she may request a refund of that excess (or, if less, the Participant's 401(k) Contributions deducted for that calendar year) by filing an Election no later than March 1 of the following calendar year. A Participant's Election under this ss. 6.3

Appears in 2 contracts

Sources: 401(k) Plan and Trust Agreement (Lodgian Inc), 401(k) Plan and Trust Agreement (Lodgian Inc)