Common use of A Qualified Non Clause in Contracts

A Qualified Non. Elective Contribution may be made on behalf of Non-Highly Compensated Participants in an amount sufficient to satisfy (or to prevent an anticipated failure of) one of the tests set forth in Section 12.4. Such contribution shall be allocated in the same proportion that each Non-Highly Compensated Participant's 414(s) Compensation for the year (or prior year if the Prior Year Testing method is being used) bears to the total 414(s) Compensation of all Non-Highly Compensated Participants for such year.

Appears in 3 contracts

Samples: Adoption Agreement (Baldwin Technology Co Inc), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/), Non Standardized 401(k) Profit Sharing Plan (Aceto Corp)

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A Qualified Non. Elective Contribution may be made on behalf of Non-Highly Compensated Participants in an amount sufficient to satisfy (or to prevent an anticipated failure of) one of the tests set forth in Section 12.4. Such contribution shall be allocated in the same proportion that each equal amounts (per capita). However, for purposes of this contribution, Non-Highly Compensated Participant's 414(s) Compensation for Participants who are not employed at the year end of the Plan Year (or at the end of the prior year Plan Year if the Prior Year Testing method is being used) bears shall not be eligible to share in the total 414(s) Compensation of all Non-Highly Compensated Participants for such yearallocation and shall be disregarded.

Appears in 1 contract

Samples: Adoption Agreement (Baldwin Technology Co Inc)

A Qualified Non. Elective Contribution may be made on behalf of Non-Highly Compensated Participants in an amount sufficient to satisfy (or to prevent an anticipated failure of) one of the tests set forth in Section 12.4. Such contribution shall be allocated in the same proportion that each Non-Highly Compensated Participant's 414(s) Compensation for the year equal amounts (or prior year if the Prior Year Testing method is being used) bears to the total 414(s) Compensation of all Non-Highly Compensated Participants for such yearper capita).

Appears in 1 contract

Samples: Adoption Agreement (Baldwin Technology Co Inc)

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A Qualified Non. Elective Contribution may be made on behalf of Non-Highly Compensated Participants in an amount sufficient to satisfy (or to prevent an anticipated failure of) one of the tests set forth in Section 12.412.6. Such contribution shall be allocated in the same proportion that each equal amounts (per capita). However, for purposes of this contribution, Non-Highly Compensated Participant's 414(s) Compensation for Participants who are not employed at the year end of the Plan Year (or at the end of the prior year Plan Year if the Prior Year Testing method is being used) bears shall not be eligible to share in the total 414(s) Compensation of all Non-Highly Compensated Participants for such yearallocation and shall be disregarded.

Appears in 1 contract

Samples: Adoption Agreement (Baldwin Technology Co Inc)

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