Specify one option only. Not Applicable. Employer is an existing Participating Employer. The Participating Employer elects not to make Prior Service Benefit Contributions. The Participating Employer will contribute to each Participant % (no less than three percent (3%)) of the annual Compensation of each Participant during the Prior Service Period.
Specify one option only. Participant loans are not allowed. Participant loans are allowed in accordance with Article 8 of the Plan and loan procedures adopted by the Plan Administrator.
Specify one option only. The Participating Employer will contribute % of the Compensation of such Participant for the Plan Month. directed by each Participant, with a minimum of % and a maximum of % of the Compensation of such Participant. The Participating Employer will contribute for each Participant: 4 % of Compensation based on _0_-_1_4attained Years of Service _6 % of Compensation based on _1_5_+_ attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service For Participants hired after March 31, 1986, the Participating Employer will contribute the percentage of Compensation of such Participant for the Plan Month corresponding to the rate required of the employer share portion of Social Security (Old Age, Survivors, and Disability) under the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. Employer Contributions will stop once earnings have reached the social security annual maximum taxable earnings limit. For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for the employer share of both the Social Security and Medicare components of the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. For Participants hired on or before March 31, 1986, the Social Security component of the Employer Contribution will taxable earnings limit. Note if this option is selected, it must also be selected below in Section 3.3.
Specify one option only. Status of Employee is not applicable. All Employees are Eligible Employees, per Section 1.16. In accordance with the default provisions of Section 2.6(a) of the Plan, a Participant who continues in the employ of the Participating Employer but ceases to be employed as an Eligible Employee is not eligible to make Mandatory Participant Contributions to the Plan under Section 3.3, is not entitled to Employer Contributions under Plan Section 3.1 and is not entitled to Prior Service Benefit Contributions (if any) under Plan Section 3.2. [If this option is chosen, select one of the following sub-options, as applicable.] Upon return to an employment status meeting the eligibility criteria, the Eligible Employee will recommence participation immediately, in accordance with the tion above in Section 2.2. Upon return to an employment status meeting the eligibility criteria, the Eligible Employee must complete the applicable commencement of participation period elected above in Section 2.2 before recommencing participation in the Plan. Such applicable commencement period will begin as of the date the Employee returns to such employment status. A Participant who continues in the employ of the Participating Employer but ceases to be employed as an Eligible Employee will be deemed to satisfy the eligibility provisions and will continue to be eligible to make Mandatory Participant Contributions to the Plan under Section 3.3, will continue to receive Employer Contributions under Plan Section 3.1, and will continue to receive Prior Service Benefit Contributions (if any) under Plan Section 3.2, despite the change in status.
Specify one option only. Not Applicable. Participants are 100% vested in their Accounts. In accordance with the default provisions of Section 11.6 of the Plan, forfeitures will be utilized to reduce future Employer Contributions. Forfeitures will be allocated among the Accounts of active Participants in the Plan.
Specify one option only. The Participating Employer shall grant prior service credit for purposes of eligibility service in the event an Employee terminates employment with an Association Member (including the Participating Employer) more than thirty (30) days before his most recent Date of Hire with the Participating Employer. In accordance with the default provisions of Section 2.4(b) of the Plan, the Participating Employer shall not grant prior service credit for purposes of eligibility service in the event an Employee terminates employment with an Association Member (including the Participating Employer) more than thirty (30) days before his most recent Date of Hire with the Participating Employer. Not Applicable. Eligibility service has been selected above as immediate (none).
Specify one option only. Continuous employment is counted for employment with the Participating Employer only. Continuous employment is counted for employment with Association Members only.
Specify one option only. None. Every Employee meeting the criteria above may begin participation upon the first day of the payroll period following the Employee’s Date of Hire. Twelve month period. Six month period. _____________ month period. (Reminder, maximum vesting period is ten years.) 2.4(b) RE-EMPLOYMENT MORE THAN THIRTY (30) DAYS AFTER TERMINATION.
Specify one option only. The Participating Employer shall grant prior service credit for purposes of vesting service in the event an Employee terminates employment with an Association Member (including the Participating Employer) more than thirty (30) days before his most recent Date of Hire with the Participating Employer. In accordance with the default provisions of Section 5.2(c), the Participating Employer shall not grant prior service credit for purposes of vesting service in the event an Employee terminates employment with an Association Member (including the Participating Employer) more than thirty (30) days before his most recent Date of Hire with the Participating Employer. Not Applicable. Vesting has been selected above as immediate.
Specify one option only. The Mandatory Participant Contribution will equal 5 % of the Compensation of such Participant for the Plan Month. The Mandatory Participant Contribution will equal an amount directed by each Participant, with a minimum of _% and a maximum of _% of the Compensation of such Participant for the Plan Month. Once an election is made, it is an irrevocable election. The Mandatory Participant Contribution will equal: • % of Compensation based on attained Years of Service • % of Compensation based on attained Years of Service • % of Compensation based on attained Years of Service • % of Compensation based on attained Years of Service • % of Compensation based on attained Years of Service For Participants hired after March 31, 1986, the Mandatory Participant Contribution will equal the percentage of Compensation of such Participant for the Plan Month corresponding to the rate required of the employer share portion of Social Security (Old Age, Survivors, and Disability) under the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. Mandatory Participant Contributions for a Participant will stop once such Participant’s earnings have reached the social security annual maximum taxable earnings limit. For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for the employer share of both the Social Security and Medicare components of the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. For Participants hired on or before March 31, 1986, the Social Security component of the Mandatory Participant Contribution will stop once such Participant’s earnings have reached the Social Security annual maximum taxable earnings limit. Note if this option is selected, it must also be selected below in Section 3.1.
