Discretionary Company Contributions. Only those Eligible Employees who have been designated, pursuant to Section 2.15(b), as being eligible to receive a Company contribution under this Section 5.2 shall be considered an Active Participant for purposes of this Section 5.2. The Company may, from time to time, allocate to the Account of any Active Participant such amount, if any, as is determined by the Committee (with respect to officers) or the Company (with respect to all other Eligible Employees) in its sole discretion with respect to such individual, subject to such conditions as the Committee or Company, as applicable, may determine. The discretionary contribution amount may vary from Plan Year to Plan Year and from Participant to Participant. Discretionary contributions shall be allocated to a Participant’s Account as of the Allocation Date. Notwithstanding the foregoing, a Participant who is eligible to receive a Company contribution under Section 5.1 for a Plan Year shall not be eligible to receive any discretionary company contributions hereunder for such Plan Year.
Discretionary Company Contributions. Subject to the limitations of Article III(D) and (E), the Company shall in respect of each taxable year, within the time prescribed by law for filing its federal income tax return for such taxable year (including extensions thereof), contribute to the Trust in furtherance of the Plan, in cash or investments authorized under Article IX(G)(General Powers of Trustee), such amount, if any, as may be determined in the discretion of the Company by or in accordance with a resolution of its Board of Directors adopted within the time prescribed by law for filing its federal income tax return for such taxable year, including extensions thereof, any such amounts being herein called "Discretionary Company Contributions".
Discretionary Company Contributions. Not later than the time -- ----------------------------------- prescribed by law for filing its federal income tax return (including extensions thereof) for its current taxable year and for each succeeding taxable year, the Company may contribute to the Trust fund, as its contribution to this Trust for the Plan Year which ends within or which is co-terminous with such taxable year of the Company, to be held in trust, administered and distributed under the terms of this Agreement, an amount or amounts which the Company, in its sole discretion may determine. The Company may contribute such amount or amounts at any time; and it may make such contribution in two or more installments. The Company shall determine by resolution of its Board of Directors and communicate to the Trustee before the close of each Plan Year either (i) the amount in dollars to be contributed for such year, or (ii) a formula by which such amount may be determined. These contributions shall be totally in the discretion of the Company with respect to amount, timing and form, and they need not be limited to the profits of the Company. The Company may make such contributions in cash or in kind. Nothing in this Agreement shall entitle any Trustee, Participating Employee or Beneficiary to inquire into or demand the right to inspect the books or records of the Company.
Discretionary Company Contributions. Not later than the time - ----------------------------------- prescribed by law for filing its federal income tax return (including extensions thereof) for its current taxable year and for each succeeding taxable year, the Company may contribute to the Trust fund, as its contribution to this Trust for the Plan Year which ends within or which is co-terminous with such taxable year of the Company, to be held in trust, administered and distributed under the terms of this Agreement, an amount or amounts which the Company, in its sole discretion may determine. The Company may contribute such amount or amounts at any time; and it may make such contribution in two or more installments. The Company shall determine by resolution of its Board of Directors and communicate to the Trustee before the close of each Plan Year either (i) the amount in dollars to be contributed for such year, or (ii) a formula by which such amount may be determined. These contributions shall be totally in the discretion of the Company with respect to amount, timing and form, and they need not be limited to the Employee group for a Plan Year, the average of the ratios, calculated separately for each Participant in such group, of the amount of Salary Reduction Contributions allocated to each participant's Salary Reduction Contribution Account for such Plan Year to such Participant's Gross Compensation for such Plan Year. The actual deferral ratio for each Participant and the "Actual Deferral Percentage" for each group shall be calculated to the nearest one-hundredth of one percent. For the purpose of determining the actual deferral ratio of a Highly Compensated Employee who is subject to the Family Member aggregation rules of Code Section 414(q)(6) because such Participant is either a "five percent owner" of the Employer or one of the ten (10) Highly Compensated Employees paid the greatest "415 Compensation" during this year, the following shall apply:
Discretionary Company Contributions. The company at its discretion may contribute up to 3% of employee’s wages to a 401(k) plan on a matching basis each calendar year of the contract.
Discretionary Company Contributions
