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: Nonstandardized Profit Sharing Plan and Trust/Custodial Account (Good Times Restaurants Inc), Non Standardized Adoption Agreement (Princeton Review 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.Participants. [X] (b) Not Applicable. PROTOTYPE CASH OR DEFERRED PROFIT- SHARING PLAN #001

Appears in 1 contract

Samples: Adoption Agreement (Century 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. REGIONAL PROTOTYPE CASH OR DEFERRED PROFIT-SHARING PLAN #012 [X] (b) Not Applicable.

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan (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 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 ParticipantParticipants. [X] (b) Not applicable. If no answer is specified, option (b) will apply.

Appears in 1 contract

Samples: 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 Participant.

Appears in 1 contract

Samples: Adoption Agreement (Sano Corp)

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: Adoption Agreement (Oregon Trail 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. [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: 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 Protoype Cash or Deferred Profit- Sharing Plan #002 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 (Option Care Inc/De)

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: 401(k) Retirement Plan and Trust 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 ParticipantParticipants. [x] (b) Not Applicable.

Appears in 1 contract

Samples: Adoption Agreement (Westfield Financial 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 (Peoples Sidney Financial Corp)

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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. (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. (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: Regional Prototype Cash or Deferred Profit Sharing Plan (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. (b) Not Applicable. Prototype Cash or Deferred Profit- Sharing Plan #001

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 ParticipantParticipants. [X] (b) Not Applicable.

Appears in 1 contract

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

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. [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: Adoption Agreement (Vs Holdings Inc)

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