Common use of Bonus Option Clause in Contracts

Bonus Option. [x] 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. [ ] 2. Not applicable. Participants are not permitted to make a separate deferral election and the Participant’s deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.

Appears in 3 contracts

Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)

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Bonus Option. [x] x 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. [ ] ¨ 2. Not applicable. Participants are not permitted to make a separate deferral election and the Participant’s deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.

Appears in 2 contracts

Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), ASB Bancorp Inc

Bonus Option. [x[ ] 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. [ [x] 2. Not applicable. Participants are not permitted to make a separate deferral election and the Participant’s deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (1st Constitution Bancorp), Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

Bonus Option. [x] 1. Not applicable. The Plan’s 's definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. [ ] D. 2. Not applicable. Participants are not permitted penmitted to make a separate deferral election and the Participant’s 's deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (BBCN Bancorp Inc)

Bonus Option. [x] ¨ 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. [ ] ¨ 2. Not applicable. Participants are not permitted to make a separate deferral election and the Participant’s deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (United Community Bancorp)

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Bonus Option. [x] o 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals. [ ] 2. Not applicable. Participants are not permitted to make a separate deferral election and the Participant’s deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Athens Bancshares Corp)

Bonus Option. [x[ ] 1. Not applicable. The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Rxxx Elective Deferrals. [ [x] 2. Not applicable. Participants are not permitted to make a separate deferral election and the Participant’s deferral amount elected on their Salary Deferral Agreement will also apply to any bonus received by the Participant for any Plan Year.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc)

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