27 Miss. Code. R. 240-X-10.2 - Limitation
Notwithstanding the provisions of Section 10.1, the following conditions and limitations apply:
(a)
No amendment will be made that will operate to recapture for the Institution
any Plan contributions previously made under this Plan. However, Institution
Plan Contributions made in contemplation of approval by the Internal Revenue
Service may be returned to the Institution if the Internal Revenue Service
fails to approve the Plan. In the event that a Fund Sponsor has funds as a
result of an error, it shall pay to the Institution the amount found to be in
error within 30 days.
(b) No
amendment will deprive, take away, or alter any then accrued right of any
Participant insofar as Plan contributions are concerned.
Notes
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