Common use of Actual Deferral Percentage Test Safe Harbor Clause in Contracts

Actual Deferral Percentage Test Safe Harbor. (1) Unless the Employer elects in the Adoption Agreement to make Enhanced Matching Contributions (as provided in the Adoption Agreement) or safe harbor nonelective contributions, the Employer will contribute monthly or on another periodic basis for the Plan Year a safe harbor matching contribution to the Plan on behalf of each eligible Employee equal to (i) 100 percent of the amount of the Employee's 401(k) deferrals that do not exceed 3 percent of the Employee's Salary for the Plan Year, plus (ii) 50 percent of the amount of the Employee's 401(k) deferrals that exceed 3 percent of the Employee's Salary but that do not exceed 5 percent of the Employee's Salary ("Basic Matching Contributions").

Actual Deferral Percentage Test Safe Harbor. (1) Unless the Employer elects in the Adoption Agreement to make Enhanced Matching Contributions (as provided in the Adoption Agreement) or safe harbor nonelective contributions, the Employer will contribute monthly or on another periodic basis for the Plan Year a safe harbor matching contribution to the Plan on behalf of each eligible Employee equal to (i) 100 percent of the amount of the Employee's ’s 401(k) deferrals that do not exceed 3 percent of the Employee's ’s Salary for the Plan Year, plus (ii) 50 percent of the amount of the Employee's ’s 401(k) deferrals that exceed 3 percent of the Employee's ’s Salary but that do not exceed 5 percent of the Employee's ’s Salary ("“Basic Matching Contributions"”).

Actual Deferral Percentage Test Safe Harbor. (1) Unless the Employer elects in the Adoption Agreement to make Enhanced Matching Contributions (as provided in the Adoption Agreement) or safe harbor nonelective contributions, the Employer will contribute monthly or on another periodic basis for the Plan Year a safe harbor matching contribution to the Plan on behalf of each eligible Employee equal to (i) 100 percent of the amount of the Employee's =s 401(k) deferrals that do not exceed 3 three percent (3%) of the Employee's =s Salary for the Plan Year, plus (ii) 50 percent of the amount of the Employee's =s 401(k) deferrals that exceed 3 three percent (3%) of the Employee's =s Salary but that do not exceed 5 percent of the Employee's =s Salary ("Basic ABasic Matching Contributions"”).

Actual Deferral Percentage Test Safe Harbor. (1) Unless the Employer elects in the Adoption Agreement to make Enhanced Matching Contributions (as provided in the Adoption Agreement) or safe harbor nonelective contributions, the Employer will contribute monthly or on another periodic basis for the Plan Year a safe harbor matching contribution to the Plan on behalf of each eligible Employee equal to (i) 100 percent of the amount of the Employee's ’s 401(k) deferrals that do not exceed 3 three percent (3%) of the Employee's ’s Salary for the Plan Year, plus (ii) 50 percent of the amount of the Employee's ’s 401(k) deferrals that exceed 3 three percent (3%) of the Employee's ’s Salary but that do not exceed 5 percent of the Employee's ’s Salary ("“Basic Matching Contributions"”).

Actual Deferral Percentage Test Safe Harbor. (1) Unless the Employer elects in the Adoption Agreement to make Enhanced Matching Contributions (as provided in the Adoption Agreement) or safe harbor nonelective contributions, the Employer will contribute monthly or on another periodic basis for the Plan Year a safe harbor matching contribution to the Plan on behalf of each eligible Employee equal to (i) 100 percent of the amount of the Employee's 401(k) deferrals that do not exceed 3 percent of the Employee's Salary for the Plan Year, plus (ii) 50 percent of the amount of the Employee's 401(k) deferrals that exceed 3 percent of the Employee's Salary but that do not exceed 5 percent of the EmployeeEmployee 's Salary ("Basic Matching Contributions").