Examples of Employer Profit Sharing Contributions in a sentence
All of a Participant's Years of Service with the Employer shall be counted to determine the nonforfeitable percentage of his Employer Profit Sharing Contributions Account and/or his Employer Pension Contributions Account except those Years of Service excluded under item 7 of the Adoption Agreement.
Employer Pension Contributions and Employer Profit Sharing Contributions must be made no later than the due date, including extensions thereof, for filing the Employer's Federal income tax return for the year coincident with or within which the Plan Year ends (or such later time as authorized by Treasury Regulations).
If elected in item 6(B) of the Adoption Agreement, Employer Profit Sharing Contributions for a Plan Year shall not exceed the Net Profits of the Employer for such Plan Year.
As of the end of the Plan Year, forfeitures derived from Employer Profit Sharing Contributions Accounts which become available for reallocation during such Plan Year because of the operation of the vesting provisions of Section 7.2(b), shall be allocated to the Employer Profit Sharing Contribution Accounts of the Participants who are eligible to share in an Employer Profit Sharing Contributions for the Plan Year.
Employer Profit Sharing Contributions shall be allocated to the Individual Accounts of Qualifying Participants in the ratio that each Qualifying Participant's Compensation for the Plan Year bears to the total Compensation of all Qualifying Participants for the Plan Year.