Common use of Amount of Contribution Clause in Contracts

Amount of Contribution. An Employee is neither required nor permitted to contribute to the Plan for any Plan Year beginning after the Plan Year in which the prototype Plan is adopted by the Employer. Employee contributions for Plan Years beginning after 1986 shall be limited so as to meet the nondiscriminatory test of Section 401(m) of the Code. The Plan Administrator shall not accept deductible employee contributions which are made for a taxable year beginning after December 31, 1986. Contributions made prior to that date will be maintained in a separate account which will be nonforfeitable at all times. The account will share in the gains and losses of the trust in the same manner as provided in Section 3.1.2 of the Plan. No part of the deductible voluntary contribution account will be used to purchase life insurance.

Amount of Contribution. An Employee is neither required nor permitted to contribute to the Plan for any Plan Year beginning after the Plan Year in which the prototype Plan is adopted by the Employer. Employee contributions for Plan Years beginning after 1986 shall be limited so as to meet the nondiscriminatory test of Section section 401(m) of the Code. The Plan Administrator shall not accept deductible employee Employee contributions which that are made for a taxable year beginning after December 31, 1986. Contributions made prior to that date will be maintained in a separate account which will be nonforfeitable at all times. The account will share in the gains and losses of the trust in the same manner as provided in Section 3.1.2 of the Plan. No part of the deductible voluntary contribution account will be used to purchase life insurance.