Allowable to put provision in employment K that says an employee will

[EGB]

Can an employment contract provide that the money purchase plan contribution that is made by a company on behalf of an employee will be repaid by the employee to the company? This bothers me though I am not sure if it is disallowed or if there are any rulings, etc. on the issue.

Assuming the foregoing is allowable, what if such employee decides that it does not want to repay the company so the employee elects not to participate in the plan at least thirty (30) days prior to the beginning of the plan year. (The MP Plan is a Corbel plan that allows participants to "voluntarily" elect not to participate so long as the election is at least thiry days prior to the beginning of a plan year). Would such an election be "voluntary" given that the employee is only making such an election due to the contractual obligation to repay. Any thoughts would be greatly appreciated.