Common use of Allocating Employer Contributions Clause in Contracts

Allocating Employer Contributions. The Employer must specify in the Adoption Agreement the manner in which the Employer’s contribution shall be allocated to Participants including any minimum contribution for Top-Heavy Plans. Employer contributions shall be allocated to all Participants eligible to receive a contribution as provided in the Adoption Agreement.

Appears in 7 contracts

Samples: Defined Contribution Plan, Adoption Agreement (Sterling Chemicals Inc), Defined Contribution Plan (Georgetown Bancorp, Inc.)

AutoNDA by SimpleDocs

Allocating Employer Contributions. The Employer must specify in the Adoption Agreement the manner in which the Employer’s 's contribution shall be allocated to Participants including any minimum contribution for Top-Heavy Plans. Employer contributions shall be allocated to all Participants eligible to receive a contribution as provided in the Adoption Agreement.

Appears in 2 contracts

Samples: Defined Contribution Plan (Thomasville Bancshares Inc), Defined Contribution Plan (Spheris Leasing LLC)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!