NON-MATCHING CONTRIBUTIONS Sample Clauses

NON-MATCHING CONTRIBUTIONS. (Check box 1 OR box 2.) ✔
Sample 1
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NON-MATCHING CONTRIBUTIONS. (If Non- Matching Contributions will be made, check box 1 OR box 2 OR box 3. Otherwise, do not complete.) The vested interest of each Participant in his or her Non-Matching Contribution Account shall be determined on the basis of the following schedule: [
Sample 1Sample 2
NON-MATCHING CONTRIBUTIONS. Non-Matching Contributions in a decimal percentage (of at least 1.00%) of such Participant’s Compensation for each Contribution Period, as elected by the Plan Sponsor in its Adoption Agreement, but subject to any rules made by the Administrator as to amount of Contribution or manner or timing of election;
Sample 1Sample 2
NON-MATCHING CONTRIBUTIONS. (If non-matching contributions will be made, check box 1 OR box 2.) [NOTE: Any Non-Matching Contribution will reduce, dollar for dollar, the amount a Participant can contribute.]
Sample 1Sample 2
NON-MATCHING CONTRIBUTIONS. The Employer hereby elects to make contributions to the Program without regard to a participant’s contribution to the Program. The Employer elects the following contribution formula (check one): Annual Contributions: A one-time annual contribution of $ or % of compensation per participant. $ or % of compensation per participant for each payroll period.
Sample 1
NON-MATCHING CONTRIBUTIONS. (If non-matching contributions will be made, check box 1 OR box 2.)
Sample 1
NON-MATCHING CONTRIBUTIONS. Instead of matching contributions, you may make a non-matching contribution for each employee who meets your plan's eligibility requirements and who actually receives at least $5,000 in pay for the calendar year. The non-matching contribution must be 2% of each eligible employee's pay for the year. For this purpose only, pay is subject to an IRS limit. The limit is $160,000 for 1997; this amount is indexed for future cost-of-living changes. If you want to use the non-matching contributions approach, you must notify eligible employees before the start of the year) see "What do I have to tell employees about the plan?" below). Employer matching or non-matching contributions for an employee must be transferred to the employee's SIMPLE IRA no later than the due date (including any extensions) for filing the employer's federal income tax return for the year. How are Contributions to SIMPLE IRAs Invested? As part of the enrollment process, each eligible employee establishes a SIMPLE IRA using the Xxxxx/Euclid Mutual Funds SIMPLE IRA materials, or the material provided by the SIMPLE IRA vendor of the employee's choosing. Contributions on behalf of each employee participating in the SIMPLE IRA plan are added to his/her SIMPLE IRA. If the employee has chosen to open a Xxxxx/Euclid Mutual Funds SIMPLE IRA, contributions are invested in the Xxxxx/Euclid Mutual Funds available for SIMPLE IRA investments. If the employee has opened his/her SIMPLE IRA through another financial institution, contributions will be invested in the investment options available to that SIMPLE IRA. Investment options available through any SIMPLE IRA are described in the materials given to each employee upon opening his/her IRA. For Xxxxx/Euclid Mutual Funds SIMPLE IRAs, the prospectus for each fund gives important information about its investment objectives and policies and the sales charges or other expenses. Employees should read the fund's prospectus, as well as the other information about the Xxxxx/Euclid Mutual Fund's IRA, before investing. These materials also give the information about procedures for exchanging from one fund to another. Each employee is responsible for deciding how to in-vest contributions to his/her IRA from among the available funds. One advantage of a SIMPLE IRA plan is that interest, divi- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- dends, and other ...
Sample 1
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NON-MATCHING CONTRIBUTIONS. The Employer hereby elects to make contributions to the participants’ accounts without regard to a participant’s contribution amount (check all that apply): Annual: A one-time annual contribution of $ or % of compensation per participant. Pay Period: $ or % of compensation per participant for each payroll period.
Sample 1

Related to NON-MATCHING CONTRIBUTIONS

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Rollover Contributions Generally, a rollover is a movement of cash or assets from one retirement plan to another. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. IRA-to-IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rollover. To complete a rollover of a SIMPLE IRA distribution to your Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. If you roll over the entire amount of an IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) and may be, if you are under age 59½, subject to the premature distribution penalty tax. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner): Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of Xxxx 401(k) or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRA, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRA, you must generally request that the plan administrator make a distribution directly to you. You typically have 60 days from the date you receive an eligible rollover distribution to complete an indirect rollover. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, if you are under age 59½, subject to the premature distribution penalty tax. If you choose the indirect rollover method, the plan administrator is typically required to withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, however, make up the withheld amount out of pocket and roll over the full amount. If you do not make up the withheld amount out of pocket, the 20% withheld (and not rolled over) will be treated as a distribution, subject to applicable taxes and penalties. Conduit IRA: You may use your IRA as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s retirement plan. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan to take advantage of special tax rules available for certain qualified plan distribution amounts. Consult your tax advisor for additional information. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited Traditional IRA Owner): Please refer to the section of this document entitled “Inherited IRA”. Traditional IRA-to-Employer Retirement Plan Rollover: If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Rollover of Exxon Xxxxxx Settlement Income: Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions.

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