CONTRIBUTION PROCESSING. Fidelity shall provide contribution processing services as provided in Article I and as outlined in this Appendix C. Contributions are subject to the terms and conditions contained herein. 1. The Employer shall be responsible for calculating and effecting Participant and Employer contributions to the Plan and transmitting such contributions and associated contribution data to Fidelity within legal time limits. 2. The Employer must consolidate all contribution data for multiple payroll cycles and/or multiple sites into one transmission. Contribution data shall be received by Fidelity via Plan Sponsor Webstation (“PSW”), or other medium permitted by Fidelity, in the manner specified. The Employer’s computer system must meet certain minimum specifications to enable this service. 3. Following the receipt of contribution data in good order (as determined by Fidelity), Fidelity shall, through Automated Clearing House (“ACH”), request an electronic funds transfer from the account the Employer has specified in the Service Setup Form. Contributions received in good order will be credited to Participants’ accounts on the business day they are received, if received prior to the close of the New York Stock Exchange’s business day. 4. Notwithstanding section 3 contained herein, Fidelity may allow the Employer to wire transfer contributions according to instructions provided by Fidelity conditioned that the contribution data is reviewed by a Fidelity representative prior to the initiation of the transfer. Fidelity reserves the right to require Employers to wire transfer all contributions if an ACH transfer is rejected. Unsolicited or improperly formatted transfers may not be invested until properly identified and reconciled. 5. In the event that Fidelity, or any of its affiliates, provides tools or services to assist the Employer with the calculation of the Matching Employer and/or Employer Contributions, Fidelity does not represent, warrant, guarantee or certify that such calculations are accurate. The Employer agrees that Fidelity has no responsibility for any such calculations.
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Sources: Adoption Agreement (CBOE Holdings, Inc.), Adoption Agreement (CBOE Holdings, Inc.)
CONTRIBUTION PROCESSING. Fidelity shall provide contribution processing services as provided in Article I and as outlined in this Appendix C. Contributions are subject to the terms and conditions contained herein.
1. The Employer shall be responsible for calculating and effecting Participant and Employer contributions to the Plan and transmitting such contributions and associated contribution data to Fidelity within legal time limits.
2. The Employer must consolidate all contribution data for multiple payroll cycles and/or multiple sites into one transmission. Contribution data shall be received by Fidelity via Plan Sponsor Webstation (“PSW”), or other medium permitted by Fidelity, in the manner specified. The Employer’s computer system must meet certain minimum specifications to enable this service.
3. Following the receipt of contribution data in good order (as determined by Fidelity), ) Fidelity shall, through Automated Clearing House (“ACH”), request an electronic funds transfer from the account the Employer has specified in the Service Setup Form. Contributions received in good order will be credited to Participants’ accounts on the business day they are received, if received prior to the close of the New York Stock Exchange’s business day.
4. Notwithstanding section 3 contained herein, Fidelity may allow the Employer to wire transfer contributions according to instructions provided by Fidelity conditioned that the contribution data is reviewed by a Fidelity representative prior to the initiation of the transfer. Fidelity reserves the right to require Employers to wire transfer all contributions if an ACH transfer is rejected. Unsolicited or improperly formatted transfers may not be invested until properly identified and reconciled.
5. In the event that Fidelity, or any of its affiliates, provides tools or services to assist the Employer with the calculation of the Matching Employer and/or Employer Contributions, Fidelity does not represent, warrant, guarantee or certify that such calculations are accurate. The Employer agrees that Fidelity has no responsibility for any such calculations.
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