Compensation Exclusions. Compensation shall exclude the item(s) listed below for purposes of determining Deferral Contributions, Employee Contributions, if any, and Qualified Nonelective Employer Contributions, or, if Subsection 1.01(b)(3), Profit Sharing Only, is selected, Nonelective Employer Contributions. Unless otherwise indicated in Subsection 1.05(b), these exclusions shall also apply in determining all other Employer-provided contributions. (Check the appropriate box(es); Options (2), (3), (4), (5), and (6) may not be elected with respect to Deferral Contributions if Option 1.10(a)(3), Safe Harbor Matching Employer Contributions, is checked):
(1) ¨ No exclusions.
(2) ¨ Overtime Pay.
(3) ¨ Bonuses.
Compensation Exclusions. Compensation shall exclude the item(s) selected below.
(1) þ No exclusions.
(2) o Overtime pay.
(3) o Bonuses.
Compensation Exclusions. Compensation shall not include reimbursements or other expense allowances, fringe benefits (cash and non-cash), moving expenses, deferred compensation, welfare benefits, unused leave (as described in Section 2.01(k)(2)), or any of the following additional item(s):
(1) ¨ No additional exclusions.
(2) x Differential Wages.
(3) ¨ Overtime pay.
(4) ¨ Bonuses.
(5) x Commissions.
(6) x The value of restricted stock or of a qualified or a non-qualified stock option granted to an Employee by the Employer to the extent such value is includable in the Employee’s taxable income.
(7) ¨ Severance pay received prior to termination of employment. (Severance pay received following termination of employment is a severance amount as described in Subsection 2.01(k) and is always excluded.) Note: If the Employer selects an option, other than (1) or (2) above, with respect to Nonelective Employer Contributions, Compensation must be tested to show that it meets the requirements of Code Section 414(s), unless 401(k) Safe Harbor Formula has been selected, or the allocations must be tested to show that they meet the general test under regulations issued under Code Section 401(a)(4). If the Employer selects an option, other than (1) or (2) above, and Option 1.11(a)(3), Safe Harbor Matching Employer Contributions, is selected, a Participant must be permitted to make Deferral Contributions under the Plan sufficient to receive the full 401(k) Safe Harbor Matching Employer Contribution, determined as a percentage of Compensation meeting the requirements of Code Section 414(s).
Compensation Exclusions. Exclude pay earned before participation in Plan from definition of Compensation:
Compensation Exclusions. Compensation shall exclude the item(s) listed below for purposes of determining Deferral Contributions, Employee Contributions, if any, and Qualified Nonelective Employer Contributions, or, if Subsection 1.01(b)(3), Profit Sharing Only, is selected, Nonelective Employer Contributions. Unless otherwise indicated in Subsection 1.05(b), these exclusions shall also apply in determining all other Employer-provided contributions. (Check the appropriate box(es); Options (2), (3), (4), (5), and (6) may not be elected with respect to Deferral Contributions if Option 1.l0(a)(3), Safe Harbor Matching Employer Contributions, is checked):
(1) [X] No exclusions.
(2) [ ] Overtime Pay.
(3) [ ] Bonuses.
(4) [ ] Commissions.
(5) [ ] The value of a qualified or a non-qualified stock option granted to an Employee by the Employer to the extent such value is includable in the Employee's taxable income. Plan Number: 47754 6 Non-Std PS Plan The CORPORATEplan for Retirement(SM) 12/05/2001 CLI-1204419v2
(6) [ ] Severance Pay.
Compensation Exclusions a. ☒ Compensation earned by Employee prior to becoming eligible to participate will be excluded in allocating QNEC
b. ☐ Limit Compensation included in allocating QNEC to $ (< Code Section 401(a)(17) annual compensation limit).
Compensation Exclusions. Compensation shall not include reimbursements or other expense allowances, fringe benefits (cash and non-cash), moving expenses, deferred compensation, welfare benefits, unused leave (as described in Section 2.01(k)(2)), or any of the following additional item(s):
(1) ☐ No additional exclusions.
(2) ☐ Differential Wages.
(3) ☐ Overtime pay.
(4) ☐ Bonuses.
Compensation Exclusions. Compensation shall exclude the following item(s):
(1) Reimbursements or other expense allowances.
(2) Moving expenses.
(3) Deferred compensation.
(4) Severance pay received prior to termination of employment. (Severance pay received following termination of employment is a severance amount as described in Subsection 2.01(k) which is always excluded.)
(5) The following other items are excluded from Compensation (List separately any items excluded from Compensation only for a particular group of employees and provide a description of that group.):
Compensation Exclusions. Compensation shall exclude the item(s) listed below for purposes of determining contributions. (Check the appropriate box(es)):
(1) [X] No exclusions. (Must be selected if Section 1.10(a)(3)or Section 1.11(a)(3), safe harbor Matching Employer Contribution or safe harbor Nonelective Employer Contribution, is selected.)
(2) [_] Overtime Pay.
(3) [_] Bonuses.
(4) [_] Commissions.
(5) [_] The value of a qualified or a non-qualified stock option granted to an Employee by the Employer to the extent such value is includable in the Employee's taxable income.
(6) [_] Severance Pay.
Compensation Exclusions. Compensation, as defined in Plan Section 1.02, shall exclude the following. If deemed Code Section 125 Compensation is excluded below, it shall also be excluded in Plan Section 3.07.
