Discretionary Employer Contributions Sample Clauses

Discretionary Employer Contributions. The Employer may make Employer Contributions to the accounts of Director Participants in any amount (which amount may be zero), as determined by the Employer in its sole discretion from time to time, in a writing, which is hereby incorporated herein.
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Discretionary Employer Contributions. If so provided by the Employer in Sections 1.05(a)(1), for the Plan Year in which the Plan is adopted and for each Plan Year thereafter, the Employer may make Discretionary Employer Contributions to the Trust in accordance with Section 1.05 to be allocated among eligible Participants, in the ratio that each Participant's Compensation bears to the total Compensation paid to all eligible Participants for the Plan Year.
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Discretionary Employer Contributions. The Employer may contribute to the Participant's Account an amount which has been allocated according to the allocation method specified in the Employer Affiliation Agreement which allocation shall be nondiscriminatory within the meaning of Section 403(b)(1) of the Code. Such Employer's Contributions shall be subject to the following limitations:
Sample 1
Discretionary Employer Contributions. ☒ The Employer may make Discretionary Employer Contributions to the Plan in an amount or percentage as determined by the Company. Discretionary Employer Contributions will be made on behalf of all Participants who satisfy one or more of the following requirements: ☐ no requirements ☐ are Non-Highly Compensated Employees ☐ complete 1,000 Hours of Employment during the Plan Year ☐ complete 501 Hours of Employment during the Plan Year ☐ complete _________ (not to exceed 1,000) Hours of Employment during the Plan Year ☐ are in the employ of the Employer on the last day of the Plan Year ☒ terminate employment on or after Early (if applicable) or Normal Retirement Date ☒ die during the Plan Year 14 ☒ become Disabled during the Plan Year (if the Plan provides a Disability Retirement Date definition) ☐ are in the employ of the Employer on the last day of the Plan Year or complete ________ (not to exceed 1,000) Hours of Employment during the Plan Year ☒ other: are in the employ of the Employer on the last day of the Plan Year and complete 1,000 Hours of Employment during the Plan Year ☒ Discretionary Employer Contributions shall be determined in accordance with the following: ☒ a. Non-integrated formula – The amount of contribution shall be allocated to each eligible Participant: ☒ in the ratio that each eligible Participant’s Compensation bears to the Compensation of all eligible Participants for the Plan Year ☐ other (specify method of determining contribution that does not discriminate in favor of Highly Compensated Employees (e.g., same dollar amount per Hour of Employment)) ___________________ ☐ b. Integrated formula – Contributions will be allocated in accordance with Section 4.10(b) of the Basic Plan Document. The Integration Level shall be equal to: ☐ The Taxable Wage Base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year ☐ $________________ (a dollar amount less than the Taxable Wage Base ☐ ___% (not to exceed 100%) of the Taxable Wage Base ☐ c. Uniform points allocation formula – Each eligible Participant shall receive ________________ points for each (must select at least age or service) _______ years of age, ____________ Years of Vesting Service. In addition, an eligible Participant shall receive points for each dollar (not to exceed $200) of Compensation. Each Participant’s allocation shall bear the same relationship to all contributions as his or her total points bears to all points awarded. ☐ d. Uniform age-weig...
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Discretionary Employer Contributions. The Employer shall have the discretion to make Employer Contributions to the Plan with respect to any Plan Year on behalf of any Participant. Employer Contributions shall be made in the complete and sole discretion of the Employer and no Participant shall have the right to receive any Employer Contribution regardless of whether Employer Contributions are made on behalf of any other Participant.
Sample 1
Discretionary Employer Contributions. The Employer may make discretionary credits to the Deferred Compensation Account of each Active Participant in an amount determined each Plan Year by the Employer. ☐ (i) Immediate 100% vesting. ☒ (ii) Number of Years of Service Vested Percentage Less than1 1 2 3 4 5 6 7 8 9 10 or more 0 % 0 % 0 % 100 % ______ % ______ % ______ % ______ % ______ % ______ % ______ % For this purpose, Years of Service of a Participant shall be calculated from the date designated below:
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Discretionary Employer Contributions 
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Related to Discretionary Employer Contributions

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • 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.

  • 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.

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

  • 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 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • 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.

  • 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.

  • EMPLOYEE CONTRIBUTIONS [X] (a) Participants shall be permitted to make Elective Deferrals in any amount from 1 % up to 15 % of their Compensation. If (a) is applicable, Participants shall be permitted to amend their Salary Savings Agreements to change the contribution percentage as provided below:

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