Common use of Allocation of Employer Profit Sharing Contributions Clause in Contracts

Allocation of Employer Profit Sharing Contributions. In accordance with Section VII, J above, a Member shall be eligible to share in Employer Profit Sharing Contributions, if any, as follows: 1. A Member shall be eligible for an allocation of Employer Profit Sharing Contributions for a Contribution Determination Period only if he or she (choose (a), (b), (c), (d), or (e) whichever shall apply): a) is actively employed at any time during the Contribution Determination Period; b) completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); c) is actively employed on the last day of the Contribution Determination Period; d) is actively employed on the last day of the Contribution Determination Period and completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); e) are not actively employed on the last day of the Plan Year due to Death Disability

Appears in 1 contract

Samples: Adoption Agreement (Sugar Creek Financial Corp)

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Allocation of Employer Profit Sharing Contributions. In accordance with Section VII, J above, a Member shall be eligible to share in Employer Profit Sharing Contributions, if any, as followsfollows : 1. A Member shall be eligible for an allocation of Employer Profit Sharing Contributions for a Contribution Determination Period only if he or she (choose (a), (b), (c), (d), or (e) whichever shall apply): a) ¨ is actively employed at any time during the Contribution Determination Period; b) ¨ completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); c) ¨ is actively employed on the last day of the Contribution Determination Period; d) ¨ is actively employed on the last day of the Contribution Determination Period and completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); e) ¨ are not actively employed on the last day of the Plan Year due to ¨ Death Disability¨ Disability ¨ Retirement

Appears in 1 contract

Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/)

Allocation of Employer Profit Sharing Contributions. In accordance with Section VII, J G above, a Member shall be eligible to share in Employer Profit Sharing Contributions, if any, as followsfollows : 1. A Member shall be eligible for an allocation of Employer Profit Sharing Contributions for a Contribution Determination Period only if he or she (choose (a), (b), (c), (d), or (e) whichever shall apply): a) ¨ is actively employed at any time during the Contribution Determination Period; b) ¨ completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); c) ¨ is actively employed on the last day of the Contribution Determination Period; d) ¨ is actively employed on the last day of the Contribution Determination Period and completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); e) ¨ are not actively employed on the last day of the Plan Year due to ¨ Death Disability¨ Disability ¨ Retirement

Appears in 1 contract

Samples: Adoption Agreement (Newport Bancorp Inc)

Allocation of Employer Profit Sharing Contributions. In accordance with Section VII, J above, a Member shall be eligible to share in Employer Profit Sharing Contributions, if any, as follows: 1. A Member shall be eligible for an allocation of Employer Profit Sharing Contributions for a Contribution Determination Period only if he or she (choose (a), (b), (c), (d), or (e) whichever shall apply): a) ¨ is actively employed at any time during the Contribution Determination Period; b) ¨ completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); c) ¨ is actively employed on the last day of the Contribution Determination Period; d) ¨ is actively employed on the last day of the Contribution Determination Period and completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); e) ¨ are not actively employed on the last day of the Plan Year due to ¨ Death Disability¨ Disability ¨ Retirement

Appears in 1 contract

Samples: Adoption Agreement (First Savings Financial Group Inc)

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Allocation of Employer Profit Sharing Contributions. In accordance with Section VII, J G above, a Member shall be eligible to share in Employer Profit Sharing Contributions, if any, as followsfollows : 1. A Member shall be eligible for an allocation of Employer Profit Sharing Contributions for a Contribution Determination Period only if he or she (choose (a), (b), (c), (d), or (e) whichever shall apply): a) is actively employed at any time during the Contribution Determination Period; b) completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); c) is actively employed on the last day of the Contribution Determination Period; d) X is actively employed on the last day of the Contribution Determination Period and completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); e) X are not actively employed on the last day of the Plan Year due to X Death DisabilityX Disability X Retirement

Appears in 1 contract

Samples: Adoption Agreement (Northeast Community Bancorp Inc)

Allocation of Employer Profit Sharing Contributions. In accordance with Section VII, J above, a Member shall be eligible to share in Employer Profit Sharing Contributions, if any, as followsfollows : 1. A Member shall be eligible for an allocation of Employer Profit Sharing Contributions for a Contribution Determination Period only if he or she (choose (a), (b), (c), (d), or (e) whichever shall apply): a) is actively employed at any time during the Contribution Determination Period; b) completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); c) is actively employed on the last day of the Contribution Determination Period; d) _X is actively employed on the last day of the Contribution Determination Period and completed 1,000 Hours of Employment if the Contribution Determination Period is a period of 12 months (250 Hours of Employment if the Contribution Determination Period is a period of 3 months); e) _X are not actively employed on the last day of the Plan Year due to _X Death Disability_X Disability _X Retirement

Appears in 1 contract

Samples: Adoption Agreement (Cecil Bancorp Inc)

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