Common use of Leased Employees Clause in Contracts

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] (b) The Administrative Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 6 contracts

Sources: Adoption Agreement (Goodmark Foods Inc), Adoption Agreement (Goodmark Foods Inc), Adoption Agreement (Goodmark Foods Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] . (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] : (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 5 contracts

Sources: Adoption Agreement (Mmi Products Inc), Adoption Agreement (Brenton Banks Inc), Adoption Agreement (Allied Capital Corp)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 3 contracts

Sources: Adoption Agreement (Paychex Inc), Adoption Agreement (Washington Homes Inc), Adoption Agreement (Fidelity National Corp /Ga/)

Leased Employees. If a Leased Employee is a Participant ---------------- in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 3 contracts

Sources: Adoption Agreement (Modine Manufacturing Co), Adoption Agreement (Modine Manufacturing Co), Adoption Agreement (Modine Manufacturing Co)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) ) [n/a] (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [Xn/a] (b) The Administrative Advisory Committee will reduce a the Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [Xn/a] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. . [n/a] (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 2 contracts

Sources: Retirement Savings Plan Adoption Agreement (Autobytel Com Inc), Retirement Savings Plan Adoption Agreement (Autobytel Com Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose CHOOSE (a) or OR (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 2 contracts

Sources: Adoption Agreement (Industrial Data Systems Corp), Adoption Agreement (Valley Community Bancshares Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] (b) The Administrative Advisory Committee will reduce a the Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (American National Financial Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose CHOOSE (aA) or OR (bB)) ) [X] (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [XN/A] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [XN/A] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. . [N/A] (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (Schuler Homes Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b))) /x/ (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] / / (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] / / (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. . / / (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (Direct Focus Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan ---------------- and also participates in a plan maintained mai~tained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] . (b) The Administrative Advisory Committee will reduce a the Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X[ ] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (National Home Centers Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose CHOOSE (aA) or OR (bB)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Retirement Savings Plan Adoption Agreement (World Acceptance Corp)

Leased Employees. NOT APPLICABLE If a Leased Employee is a Participant in the Plan and also participates in a defined contribution plan maintained by the leasing organization: (Choose (a) or (bone)). (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's organizations plan. [X] . (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] : (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the Other (specify required features of plan and, if a defined benefit plan, the method of reduction described in an addendum to determining this Adoption Agreement, numbered 1.31.reduction)______________________________________________ ________________________________________________________

Appears in 1 contract

Sources: Adoption Agreement (Benthos Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's Employee"s allocation of Employer contributions under Article III without taking into account the Leased Employee's Employee"s allocation, if any, under the leasing organization's plan. [X] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's Employee"s allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (Transcrypt International Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: " (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] . (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] : (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: 401(k) Plan Adoption Agreement (Expedia Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) ) [X] (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X[ ] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X[ ] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. . [ ] (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.. 4 92 ARTICLE II EMPLOYEE PARTICIPANTS

Appears in 1 contract

Sources: Defined Contribution Master Plan and Trust Agreement (Universal Compression Holdings Inc)

Leased Employees. If a Leased Employee is a Participant in the ---------------- Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) ) [N/A] (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] . (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [Xx] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (Channell Commercial Corp)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: ([Choose (a) or (b)) ] [X] (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X[ ] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X[ ] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. . [ ] (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (Spice Entertaiment Companies Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a defined contribution plan maintained by the leasing organization: (Choose (a) or (b)one) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] . (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] : (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the Other specify required features of plan and, if a defined benefit plan, the method of reduction described in an addendum to determining this Adoption Agreement, numbered 1.31.reduction) ----------------- -------------------------------------------- . --------------------------------------------

Appears in 1 contract

Sources: 401(k) Retirement Savings Plan (Reptron Electronics Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [X] . (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [X] : (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.. 5 106

Appears in 1 contract

Sources: Retirement Savings Plan (Capital Holdings Inc)

Leased Employees. If a Leased Employee is a Participant in the Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [XN/A] (b) The Administrative Advisory Committee will reduce a Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [XN/A] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. . [N/A] (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Adoption Agreement (Mercury Air Group Inc)

Leased Employees. If a Leased Employee is a Participant in the ---------------- Plan and also participates in a plan maintained by the leasing organization: (Choose (a) or (b)) (a) The Administrative Advisory Committee will determine the Leased Employee's allocation of Employer contributions under Article III without taking into account the Leased Employee's allocation, if any, under the leasing organization's plan. [Xn/a] (b) The Administrative Advisory Committee will reduce a the Leased Employee's allocation of Employer nonelective contributions (other than designated qualified nonelective contributions {which are also called "basic contributions" in this Plan}) under this Plan by the Leased Employee's allocation under the leasing organization's plan, but only to the extent that allocation is attributable to the Leased Employee's service provided to the Employer. The leasing organization's plan: [Xn/a] (1) Must be a money purchase plan which would satisfy the definition under Section 1.31 of a safe harbor plan, irrespective of whether the safe harbor exception applies. . [n/a] (2) Must satisfy the features and, if a defined benefit plan, the method of reduction described in an addendum to this Adoption Agreement, numbered 1.31.

Appears in 1 contract

Sources: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/)