Contribution Period. Each Plan Year, any contribution made under the terms of the Plan may, at the election of the Administrator, be contributed to the Plan (1) each payroll period; (2) each month; (3) each Plan quarter, (4) on an annual basis; or (5) on any other less than annual contribution period basis as determined by the Employer, provided such contribution period does not discriminate in favor of Highly Compensated Employees. The Employer may elect a different contribution period for each type of contribution.
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Sources: Employee Stock Ownership Plan & Trust (Picis Inc), Employee Stock Ownership Plan & Trust (Picis Inc)
Contribution Period. Each Plan Year, any contribution that is made under the terms of the Plan may, at the election of the Administrator, be contributed to the Plan (1) each payroll period; (2) each month; (3) each Plan quarter, (4) ; on an annual basis; or (5) on any other less than annual contribution period basis as determined by the Employer, provided such contribution period does not discriminate in favor of Highly Compensated Employees. The Employer may elect a different contribution period for each type of contribution.
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