NONELECTIVE EMPLOYER CONTRIBUTIONS Sample Clauses

NONELECTIVE EMPLOYER CONTRIBUTIONS. If (a) or (b) is elected below, the Employer may make Nonelective Employer Contributions on behalf of each of its “eligible” Participants in accordance with the provisions of this Section 1.12. Except as otherwise defined in this Adoption Agreement pertaining to Nonelective Employer Contributions, for purposes of this Section 1.12, an “eligible” Participant means a Participant who is an Active Participant during the Contribution Period and who satisfies the requirements of Subsection 1.12(d) or Section 1.13.
AutoNDA by SimpleDocs
NONELECTIVE EMPLOYER CONTRIBUTIONS. If so provided by the Employer in Subsection 1.12(a) and/or (b) of the Adoption Agreement, the Employer shall make Nonelective Employer Contributions to the Trust in accordance with Section 1.12 of the Adoption Agreement to be allocated among “eligible” Participants as indicated therein. Nonelective Employer Contributions shall be allocated as follows:
NONELECTIVE EMPLOYER CONTRIBUTIONS. If the Employer so elects in the Adoption Agreement, the Employer may make Nonelective Employer Contributions under this Plan. The amount of such Nonelective Employer Contributions shall be equal to the amount specified in the Adoption Agreement.
NONELECTIVE EMPLOYER CONTRIBUTIONS. If the Employer elects to provide for Nonelective Contributions to a Profit Sharing Plan or 401(k) Plan (or if Section 3.04(C)(2) applies), or the Plan is a Money Purchase Pension Plan or a Target Benefit Plan, the Plan Administrator will apply the provisions of this Section 3.04.
NONELECTIVE EMPLOYER CONTRIBUTIONS. (Article 8.1 of the Plan). A Participant shall be 100% vested upon Death, Disability, Retirement Age or Plan Termination. Nonelective Employer Contributions shall vest in accordance with the following schedule (default to Matching Contribution Vesting Schedule if nothing checked):
NONELECTIVE EMPLOYER CONTRIBUTIONS. Note: An Employer may elect both a fixed formula and a discretionary formula. If both are selected, the discretionary formula shall be treated as an additional Nonelective Employer Contribution and allocated separately in accordance with the allocation formula selected by the Employer.
NONELECTIVE EMPLOYER CONTRIBUTIONS. A former Nonelective Contribution Participant who is reemployed as an Employee shall again become a Nonelective Contribution ​ -40- ​ NAI-1526973031v4 ​ ​ ​ ​ Participant and a Member (if he is not otherwise a Member under the Plan) upon satisfaction of the requirements of Subsection (1)(a) of Section 2.6.
AutoNDA by SimpleDocs
NONELECTIVE EMPLOYER CONTRIBUTIONS. An Employee who transfers from non-covered employment with the Controlled Group to employment as a Covered Employee shall become a Nonelective Contribution Participant and a Member (if he is not otherwise a Member under the Plan) upon satisfaction of the requirements of Section 2.6(1).
NONELECTIVE EMPLOYER CONTRIBUTIONS. (Note any Employer contribution will reduce, dollar for dollar, the amount a Participant can contribute.) (Check Box 1 OR Box 2 AND complete Box 3.)
NONELECTIVE EMPLOYER CONTRIBUTIONS. If the Adoption Agreement provides that the Plan is a safe harbor 401(k)/profit sharing plan, the Employer shall make a Nonelective Employer contribution for each Eligible Participant (as defined in Section 4.2) for the Plan Year in the amount of 3 percent of such Eligible Participant’s Compensation for the Plan Year, pro- vided that the conditions of Section 1.401(k)-2(a)(6) of the Treasury Regulations are satisfied.
Time is Money Join Law Insider Premium to draft better contracts faster.