Net Profit. The current and accumulated operating earnings of the Employer before Federal and State income taxes, excluding nonrecurring or unusual items of income, and before contributions to this and any other qualified plan of the Employer. Unless otherwise specified in the Adoption Agreement, profits will not be required for Profit-Sharing contributions to the Plan.
Appears in 4 contracts
Samples: East West Bancorp Inc, Adoption Agreement (Shared Technologies Cellular Inc), Non Standardized Adoption Agreement (Princeton Review Inc)
Net Profit. The current and accumulated operating earnings of the Employer before Federal and State income taxes, excluding nonrecurring or unusual items of income, and before contributions to this and any other qualified plan of the Employer. Unless otherwise specified Alternatively, the Employer may fix another definition in the Adoption Agreement, profits will not be required for Profit-Sharing contributions to the Plan.
Appears in 3 contracts
Samples: First Keystone Corp, Professionals Insurance Co Management Group, First Keystone Corp
