Common use of 120           Voluntary After-tax Contribution Clause in Contracts

120           Voluntary After-tax Contribution. Any contribution (other than Xxxx Elective Deferrals) made to the Plan or any other Defined Contribution Plan by or on behalf of a Participant that is included in the Participant’s gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

Appears in 6 contracts

Samples: Defined Contribution Plan (1st Constitution Bancorp), Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (ASB Bancorp Inc)

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120           Voluntary After-tax Contribution. Any contribution (other than Xxxx Rxxx Elective Deferrals) made to the Plan or any other Defined Contribution Plan by or on behalf of a Participant that is included in the Participant’s gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

Appears in 1 contract

Samples: Defined Contribution Plan (Savannah Bancorp Inc)

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