Prototype Plan definition

Prototype Plan means the basic plan document described herein.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Prototype Plan. The ▇▇▇▇▇▇▇ ▇▇▇▇▇ Special Prototype Defined Contribution Plan set forth in this document, as amended or restated from time to time.

Prototype Plan means these Sections 1.24.

Examples of Prototype Plan in a sentence

• The 3-digit number assigned to this Adoption Agreement (see page 1) is solely for the Regional Prototype Plan Sponsor's recordkeeping purposes and does not necessarily correspond to the plan number the Employer designated in the prior paragraph.

• The Employer may not rely on the Regional Prototype Plan Sponsor's notification letter covering this Adoption Agreement.

• This Plan may not be used and shall not be deemed to be a Prototype Plan unless an authorized representative of the Sponsor has acknowledged the use of the Plan.

• The Regional Prototype Plan Sponsor may not amend the Plan in any manner which would modify any election made by the Employer under the Plan without the Employer's written consent.

• If the Employer is not entitled to participate under this Prototype Plan, the Employer's Plan is an individually-designed plan and the reliance procedures specified in the applicable Adoption Agreement no longer will apply.

More Definitions of Prototype Plan

Prototype Plan means these Sections 1-23.

Prototype Plan means the form of this Plan and Trust Agreement, as approved from time to time by the Internal Revenue Service.

Prototype Plan means a plan maintained by the Company that is adopted in the form of a "prototype plan," as defined in Revenue Procedure 2000-20 (or any future guidance published by the Internal Revenue Service) for which the Sponsor or one of its affiliates serves as the sponsoring organization.

Prototype Plan means the Merrill Lynch Special Prototype Defined Contribution Plan set forth in this document, as amended or restated from time to time.

Prototype Plan means the form of the Fidelity SIMPLE-IRA Plan, as approved from time to time by the IRS. 2.19 "Salary Reduction Agreement" shall mean a written agreement or arrangement between the Participant and the Employer pursuant to which the Participant's salary is reduced and the amount of such reduction is contributed by the Employer to the Participant's IRA under the Plan. 2.20 "SIMPLE" shall mean a Savings Incentive Match Plan for Employees, as defined in Section 408(p) of the Code under which Elective Deferrals, Matching Contributions or Nonelective Contributions may be made. 2.21 "Self-Employed" shall mean an individual who has Earned Income for a Plan Year from the trade or business (or would have had Earned Income but for the fact that the trade or business had no net profits for the Plan Year) with respect to which the Plan is established. 2.22 "Sponsoring Organization" shall mean Fidelity Management & Research Company, a Massachusetts corporation, or its successor. ARTICLE III

Prototype Plan means the Alliance Prototype 401(k) Plan set forth in this document, as amended from time to time.

Prototype Plan means the American Century Prototype Defined Contribution Plan, Basic Plan Document #02, as set out in this document and including any subsequent amendments.