Common use of Cash Option Clause in Contracts

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed % of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.

Appears in 2 contracts

Samples: Non Standardized Adoption Agreement (Princeton Review Inc), Good Times Restaurants Inc

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Cash Option. [ [X] (aA) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed 20 % of any Employer paid cash bonus made for such Participant for any year. A Participant participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants.

Appears in 1 contract

Samples: Standarized Adoption Agreement (Oregon Trail Financial Corp)

Cash Option. [ [_] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed ____% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant. [X] (b) Not Applicable.

Appears in 1 contract

Samples: Adoption Agreement (Finish Line Inc /De/)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed ___% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Valley National Corp /De/)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed __% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant. [ ] (b) Not Applicable.

Appears in 1 contract

Samples: Global Sports Inc

Cash Option. [ ] |_| (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed ______% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants.

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance Inc)

Cash Option. [ [X] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed 100 % of any Employer paid cash bonus made --- for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Homestore Com Inc)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed _______% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants. REGIONAL PROTOTYPE CASH OR DEFERRED PROFIT-SHARING PLAN #012 [X] (b) Not Applicable.

Appears in 1 contract

Samples: Port Financial Corp

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed % of any Employer paid cash bonus made for ------ such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants.

Appears in 1 contract

Samples: Adoption Agreement (Peoples Sidney Financial Corp)

Cash Option. [ [x] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed 100% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.

Appears in 1 contract

Samples: Adoption Agreement (Nobility Homes Inc)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed % of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants. [X] (b) Not Applicable.

Appears in 1 contract

Samples: Adoption Agreement (Franklin Financial Corp /Tn/)

Cash Option. [ [x] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed 100 % of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Maxim Pharmaceuticals Inc)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed % of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant. [X] (b) Not Applicable.

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance Inc)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed ____% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.Participants. [X] (b) Not Applicable. PROTOTYPE CASH OR DEFERRED PROFIT- SHARING PLAN #001

Appears in 1 contract

Samples: Standardized Adoption Agreement (Century Bancorp Inc)

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Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed __% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant. [X] (b) Not Applicable.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Telecommunication Systems Inc /Fa/)

Cash Option. [ [X] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed 8% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee Employer fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.

Appears in 1 contract

Samples: Professionals Insurance Co Management Group

Cash Option. [ [_] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed ___________ % of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. , If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants. [x] (b) Not Applicable.

Appears in 1 contract

Samples: Westfield Financial Inc

Cash Option. [ [X] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed 25% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants.

Appears in 1 contract

Samples: Adoption Agreement (California Coastal Communities Inc)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed _% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.

Appears in 1 contract

Samples: Adoption Agreement (Sano Corp)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed % of any Employer paid cash bonus made -------- for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants. [X] (b) Not applicable. If no answer is specified, option (b) will apply.

Appears in 1 contract

Samples: Plan #001 Standardized Adoption Agreement (Allegiant Bancorp Inc)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed ___% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the ParticipantParticipants.

Appears in 1 contract

Samples: Adoption Agreement (Shared Technologies Cellular Inc)

Cash Option. [ [X] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed 15 % of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding the above, the election to defer must be made before the bonus is made available to the Participant.Participants. [ ] (b) Not Applicable. 19 PROTOTYPE CASH OR DEFERRED PROFIT- SHARING PLAN #001

Appears in 1 contract

Samples: Standardized Adoption Agreement (Vs Holdings Inc)

Cash Option. [ ] (a) The Employer may permit a Participant to elect to defer to the Plan, an amount not to exceed % exceed__% of any Employer paid cash bonus made for such Participant for any year. A Participant must file an election to defer such contribution at least fifteen (15) days prior to the end of the Plan Year. If the Employee fails to make such an election, the entire Employer paid cash bonus to which the Participant would be entitled shall be paid as cash and not to the Plan. Amounts deferred under this section shall be treated for all purposes as Elective Deferrals. Notwithstanding Notwith- standing the above, the election to defer must be made before the bonus is made available to the Participant. Prototype Cash or Deferred Profit- Sharing Plan #004 [X] (b) Not Applicable.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Community Bancorp /Vt)

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