Matching Contributions shall be paid to the Trustee in cash at least monthly and shall
be based upon the amount of Tax Deferred Contributions made during the month for which
such Matching Contributions are made. Any other provision herein to the contrary notwithstanding,
if it appears to the Administrative Committee that the County will not be able to
make Matching Contributions for a Plan Year or any part thereof because it appears
there will not be sufficient Net Revenues, the County shall cease making Matching
Contributions for such Plan Year on a monthly basis and shall make Matching Contributions,
if any, within 30 days after the amount, if any, of Net Revenues for such Plan Year
is determined.
If the amount of Matching Contributions for a Plan Year exceeds the amount which may
be contributed to the Plan in accordance with Section 5.26.110 (except in the case of a mistake of fact covered by Section 5.26.150B), to the extent
permitted by applicable law, such excess Matching Contributions shall be forfeited,
placed in a suspense account and applied in accordance with Section 5.26.338.
Effective beginning on and after April 1, 2010, or such later date as may be determined
by the Chief Administrative Officer when the human resources management system reflecting
this provision is implemented, each reference to "month" in this Section 5.26.120 shall be deemed to be a reference to "payroll period" and each reference to "on a
monthly basis" or "at least monthly" shall be deemed to be a reference to "each payroll
period."
