Common use of Compensation for the First Year of Participation Clause in Contracts

Compensation for the First Year of Participation. Contributions for the Plan Year in which an Employee first becomes a Participant shall be determined based on the Employee’s Compensation as provided below. (1) ¨ Compensation for the entire Plan Year. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for the initial Plan Year will be determined in accordance with this subsection 1.05(b) (1) using only Compensation from the Effective Date of the Plan through the end of the initial Plan Year.) (A) ¨ For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. (2) x Only Compensation for the portion of the Plan Year in which the Employee is eligible to participate in the Plan. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for the initial Plan Year will be determined in accordance with this subsection 1.05(b) (2) using only Compensation from the Effective Date of the Plan through the end of the initial Plan Year.) (A) ¨ For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, for those Employees who become Active Participants on the Effective Date of the Plan, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. For all other Employees, only Compensation for the period in which they are eligible shall be used.

Compensation for the First Year of Participation. Contributions for the Plan Year in which an Employee first becomes a Participant shall be determined based on the Employee’s 's Compensation as provided below. (1) ¨ ☐ Compensation for the entire Plan Year. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for the initial Plan Year will be determined in accordance with this subsection 1.05(b) (1) using only Compensation from the Effective Date of the Plan through the end of the initial Plan Year.) (A) ¨ ☐ For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. (2) x ☑ Only Compensation for the portion of the Plan Year in which the Employee is eligible to participate in the Plan. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for the initial Plan Year will be determined in accordance with this subsection 1.05(b) (2) using only Compensation from the Effective Date of the Plan through the end of the initial Plan Year.) (A) ¨ ☐ For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, for those Employees who become Active Participants on the Effective Date of the Plan, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. For all other Employees, only Compensation for the period in which they are eligible shall be used.

Compensation for the First Year of Participation. Contributions for the Plan Year in which an Employee first becomes a Participant shall be determined based on the Employee’s 's Compensation as provided below. (1) ¨ 🞎 Compensation for the entire Plan Year. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for the a Plan’s initial Plan Year will be determined in accordance with this subsection 1.05(b)1.05 (1) using only Compensation from the Effective Date original effective date of the Plan through the end of the initial Plan Year.) (A) ¨ 🞎 Short Initial Plan Year: For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. (2) x 🗹 Only Compensation for the portion of the Plan Year in which the Employee is eligible to participate in the Plan. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for the a Plan’s initial Plan Year will be determined in accordance with this subsection 1.05(b)1.05 (2) using only Compensation from the Effective Date original effective date of the Plan through the end of the initial Plan Year.) (A) ¨ 🞎 Short Initial Plan Year: For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, for those Employees who become Active Participants on the Effective Date original effective date of the Plan, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. For all other Employees, only Compensation for the period in which they are eligible shall be used.

Compensation for the First Year of Participation. Contributions for the Plan Year in which an Employee first becomes a Participant shall be determined based on the Employee’s 's Compensation as provided below. (Complete by checking the appropriate boxes.) (1) ¨ Compensation ¨Compensation for the entire Plan Year. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for with regard to the initial Plan Year will be determined in accordance with this subsection 1.05(b) (1) using only Compensation from the Effective Date of the Plan through the end of the initial Plan YearPlan.) (A) ¨ For ¨For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, for all Employees who become Active Participants during the initial Plan Year, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. (2) x Only þOnly Compensation for the portion of the Plan Year in which the Employee is eligible to participate in the Plan. (Complete (A) below, if applicable. If (A) is not selected, the amount of any Nonelective Employer Contribution for with regard to the initial Plan Year will be determined in accordance with this subsection 1.05(b) (2) using only Compensation from the Effective Date of the Plan through the end of the initial Plan YearPlan.) (A) ¨ For ¨For purposes of determining the amount of Nonelective Employer Contributions, other than 401(k) Safe Harbor Nonelective Employer Contributions, for those Employees who become Active Participants on the Effective Date of the Plan, Compensation for the 12-month period ending on the last day of the initial Plan Year shall be used. For all other Employees, only Compensation for the period in which they are eligible shall be used.