Common use of ADDITIONAL RULES FOR PAIRED PLANS Clause in Contracts

ADDITIONAL RULES FOR PAIRED PLANS. If the Employer has adopted a qualified plan under Fidelity Basic Plan Document No. 09 which is to be considered as a paired plan with this Plan, the elections in Section 1.03 must be identical to the Employer's corresponding elections for the other plan. When the paired plans are top-heavy or are deemed to be top-heavy as provided in Section 9.01, the plan paired with this Plan will provide a minimum contribution to each non-key Employee which is equal to 3 percent (or such other percent elected by the Employer in Section 1.12(c)) of such Employee's Compensation. Notwithstanding the preceding sentence, the minimum contribution shall be provided by this Plan if contributions under the other plan paired with this Plan are frozen.

Appears in 6 contracts

Samples: Profit Sharing/401(k) Plan (Lawter International Inc), Profit Sharing/401(k) Plan (Dep Corp), Non Standardized Adoption Agreement (Marine Transport Corp)

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ADDITIONAL RULES FOR PAIRED PLANS. If the Employer has adopted a qualified plan under Fidelity Basic Plan Document No. 09 which is to be considered as a paired plan with this Plan, the elections in Section 1.03 must be identical to the Employer's corresponding elections for the other plan. When the paired plans are top-heavy or are deemed to be top-heavy as provided in Section 9.01, the plan Plan paired with this Plan will provide a minimum contribution to each non-key Employee which is equal to 3 percent (or such other percent elected by the Employer in Section 1.12(c)) of such Employee's Compensation. Notwithstanding the preceding sentence, the minimum contribution shall be provided by this Plan if contributions under the other plan Plan paired with this Plan are frozen.

Appears in 1 contract

Samples: Profit Sharing/401(k) Plan (Jaymark Inc)

ADDITIONAL RULES FOR PAIRED PLANS. If the Employer has adopted a qualified --------------------------------- plan under Fidelity Basic Plan Document No. 09 which is to be considered as a paired plan with this Plan, the elections in Section 1.03 must be identical to the Employer's corresponding elections for the other plan. When the paired plans are top-heavy or are deemed to be top-heavy as provided in Section 9.01, the plan paired with this Plan will provide a minimum contribution to each non-key Employee which is equal to 3 percent (or such other percent elected by the Employer in Section 1.12(c)) of such Employee's Compensation. Notwithstanding the preceding sentence, the minimum contribution shall be provided by this Plan if contributions under the other plan paired with this Plan are frozen.

Appears in 1 contract

Samples: Adoption Agreement (Technitrol Inc)

ADDITIONAL RULES FOR PAIRED PLANS. If the Employer has adopted a qualified plan under Fidelity Basic Plan Document No. 09 which is to be considered as a paired plan with this Plan, the elections in Section 1.03 must be identical to the Employer's corresponding elections for the other plan. When the paired plans are topTop-heavy Heavy or are deemed to be topTop-heavy Heavy as provided in Section 9.01, the plan paired with this Plan will provide a minimum contribution to each nonNon-key Employee which is equal to 3 percent (or such other percent elected by the Employer in Section 1.12(c)) of such Employee's Compensation. Notwithstanding the preceding sentence, the minimum contribution shall be provided by this Plan if contributions under the other plan paired with this Plan are frozen.. 27

Appears in 1 contract

Samples: Profit Sharing / 401(k) Plan (Celadon Group Inc)

ADDITIONAL RULES FOR PAIRED PLANS. If the Employer has adopted a qualified plan under Fidelity Basic Plan Document No. 09 which is to be considered as a paired plan with this Plan, the elections in Section 1.03 must be identical to the Employer's corresponding elections for the other plan. When the paired plans are top-heavy or are deemed to be top-heavy as provided in Section 9.01, the plan paired with this Plan will provide a minimum contribution to each non-key Employee which is equal to 3 3-percent (or such other percent elected by the Employer in Section 1.12(c)) of such Employee's Compensation. Notwithstanding the preceding sentence, the minimum contribution shall be provided by this Plan if contributions under the other plan paired with this Plan are frozen.

Appears in 1 contract

Samples: Adoption Agreement Non Standardized Profit Sharing Plan (Extended Systems Inc)

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ADDITIONAL RULES FOR PAIRED PLANS. If the Employer has adopted a --------------------------------- qualified plan under Fidelity Basic Plan Document No. 09 which is to be considered as a paired plan with this Plan, the elections in Section 1.03 must be identical to the Employer's corresponding elections for the other plan. When the paired plans are top-heavy or are deemed to be top-heavy as provided in Section 9.01, the plan Plan paired with this Plan will provide a minimum contribution to each non-key Employee which is equal to 3 percent (or such other percent elected by the Employer in Section 1.12(c)) of such Employee's Compensation. Notwithstanding the preceding sentence, the minimum contribution shall be provided by this Plan if contributions under the other plan Plan paired with this Plan are frozen.

Appears in 1 contract

Samples: Profit Sharing/401(k) Plan (Impac Group Inc /De/)

ADDITIONAL RULES FOR PAIRED PLANS. If the Employer has adopted a qualified plan under Fidelity Basic Plan Document No. 09 which is to be considered as a paired plan with this Plan, the elections in Section 1.03 must be identical to the Employer's corresponding elections for the other plan. When the paired plans are top-heavy or are deemed to be top-heavy as provided in Section 9.01, the plan paired with this Plan will provide a minimum contribution to each non-key Employee which is equal to 3 percent (or such other percent elected by the Employer in Section 1.12(c)) of such Employee's Compensation. Notwithstanding the preceding sentence, the minimum contribution shall be provided by this Plan if contributions under the other plan paired with this Plan are frozen.the

Appears in 1 contract

Samples: Profit Sharing/401(k) Plan (Lexington Precision Corp)

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