Common use of CONDITIONS OF ELIGIBILITY (Plan Section 3 Clause in Contracts

CONDITIONS OF ELIGIBILITY (Plan Section 3. 1) An Eligible Employee will be eligible to participate in the Plan upon satisfaction of the following: SERVICE REQUIREMENT a. [ ] None b. [ ] 1 Year of Service c. [ ] Other: _ Eligibility requirements under the Plan must not be more favorable for highly compensated Employees (as defined in § 414(q)) than for other Employees, may not exceed one (1) Year of Service and must be the same for Highly Compensated and Non-Highly Compensated Employees. Please see Standard Provision 12 for additional information when utilizing this Section 6.c.) AGE REQUIREMENT DRAFT d. [ ] None e. [ ] Age (may not exceed 21) f. Waiver of conditions. The service and/or age requirements specified above will be waived in accordance with the following (leave blank if there are no waivers of conditions):

Appears in 1 contract

Samples: Adoption Agreement for Defined Contribution Pre Approved Plan (Solo 401(k))

AutoNDA by SimpleDocs

CONDITIONS OF ELIGIBILITY (Plan Section 3. 1) An Eligible Employee will be eligible to participate in the Plan upon satisfaction of the following: SERVICE REQUIREMENT a. [ ] None b. [ ] 1 Year of Service c. [ ] Other: _ Eligibility requirements under the Plan must not be more favorable for highly compensated Employees (as defined in § 414(q)) than for other Employees, may not exceed one (1) Year of Service and must be the same for Highly Compensated and Non-Highly Compensated Employees. Please see Standard Provision 12 for additional information when utilizing this Section 6.c.) AGE REQUIREMENT DRAFTREQUIREMENT d. [ ] None e. [ ] Age (may not exceed 21)) SAMPLE f. Waiver of conditions. The service and/or age requirements specified above will be waived in accordance with the following (leave blank if there are no waivers of conditions): 1. [ ] If employed on _, the age and service requirements and the entry date requirement below are waived, subject to the following exceptions: (leave blank if no exceptions).

Appears in 1 contract

Samples: Adoption Agreement for Defined Contribution Pre Approved Plan (Solo 401(k))

CONDITIONS OF ELIGIBILITY (Plan Section 3. 1) An Eligible Employee will be eligible to participate in the Plan upon satisfaction of the following: : a. SERVICE REQUIREMENT a. [ ] None None b. [ ] 1 Year of Service b. c. [ ] Other: _ Eligibility requirements under the Plan must not be more favorable for highly compensated Employees (as defined in § 414(q)) than for other Employees, may not exceed one (1) Year of Service and must be the same for Highly Compensated and Non-Highly Compensated Employees. Please see Standard Provision 12 for additional information when utilizing this Section 6.c.) AGE REQUIREMENT DRAFTREQUIREMENT d. [ ] None e. [ ] Age (may not exceed 21) f. Waiver of conditions. The service and/or age requirements specified above will be waived in accordance with the following (leave blank if there are no waivers of conditions): 1. [ ] If employed on , the age and service requirements and the entry date requirement below are waived, subject to the following exceptions: (leave blank if no exceptions).

Appears in 1 contract

Samples: Adoption Agreement

CONDITIONS OF ELIGIBILITY (Plan Section 3. 1) An Eligible Employee will be eligible to participate in the Plan upon satisfaction of the following: SERVICE REQUIREMENT a. [ ] None b. [ ] 1 Year of ServiceService DRAFT c. [ ] Other: _ Eligibility (must be definitely determinableEligibility requirements under the Plan must not be more favorable for highly compensated Employees (as defined in § 414(q)) than for other Employees, may not exceed one (1) Year of Service and must be the same for Highly Compensated and Non-Highly Compensated Employees). Please see Standard Provision 12 for additional information when utilizing this Section 6.c.) AGE REQUIREMENT DRAFTREQUIREMENT d. [ ] None e. [ ] Age (may not exceed 21) f. Waiver of conditions. The service and/or age requirements specified above will be waived in accordance with the following (leave blank if there are no waivers of conditions): 1. [ ] If employed on , the age and service requirements and the entry date requirement below are waived, subject to the following exceptions: (leave blank if no exceptions).

Appears in 1 contract

Samples: Adoption Agreement for Defined Contribution Pre Approved Plan (Solo 401(k))

CONDITIONS OF ELIGIBILITY (Plan Section 3. 1) An Eligible Employee will be eligible to participate in the Plan upon satisfaction of the following: SERVICE REQUIREMENT a. [ ] None b. [ ] 1 Year of Service c. [ ] Other: _ Eligibility requirements under the Plan must not be more favorable for highly compensated Employees (as defined in § 414(q)) than for other Employees, may not exceed one (1) Year of Service and must be the same for Highly Compensated and Non-Highly Compensated Employees. Please see Standard Provision 12 for additional information when utilizing this Section 6.c.) AGE REQUIREMENT DRAFTREQUIREMENT d. [ ] None e. [ ] Age (may not exceed 21) f. Waiver of conditions. The service and/or age requirements specified above will be waived in accordance with the following (leave blank if there are no waivers of conditions): 1. [ ] If employed on _, the age and service requirements and the entry date requirement below are waived, subject to the following exceptions: (leave blank if no exceptions).

Appears in 1 contract

Samples: MFS Individual (K) Plan Adoption Agreement

AutoNDA by SimpleDocs

CONDITIONS OF ELIGIBILITY (Plan Section 3. 1) An Eligible Employee will be eligible to participate in the Plan upon satisfaction of the following: SERVICE REQUIREMENT a. [ [X] None b. [ ] 1 Year of Service c. [ ] Other: _ Eligibility requirements under the Plan must not be more favorable for highly compensated Employees (as defined in § 414(q)) than for other Employees, may not exceed one (1) Year of Service and must be the same for Highly Compensated and Non-Highly Compensated Employees. Please see Standard Provision 12 for additional information when utilizing this Section 6.c.) AGE REQUIREMENT DRAFTREQUIREMENT d. [ [X] None e. [ ] Age (may not exceed 21) f. Waiver of conditions. The service and/or age requirements specified above will be waived in accordance with the following (leave blank if there are no waivers of conditions): 1. [ ] If employed on , the age and service requirements and the entry date requirement below are waived, subject to the following exceptions: (leave blank if no exceptions).

Appears in 1 contract

Samples: Adoption Agreement for Solo 401(k)

CONDITIONS OF ELIGIBILITY (Plan Section 3. 1) An Eligible Employee will be eligible to participate in the Plan upon satisfaction of the following: SERVICE REQUIREMENT a. [ ] None b. [ ] 1 Year of Service c. [ ] Other: _ Eligibility requirements under the Plan must not be more favorable for highly compensated Employees (as defined in § 414(q)) than for other Employees, may not exceed one (1) Year of Service and must be the same for Highly Compensated and Non-Highly Compensated Employees. Please see Standard Provision 12 for additional information when utilizing this Section 6.c.) AGE REQUIREMENT DRAFTREQUIREMENT d. [ ] None e. [ ] Age (may not exceed 21) f. Waiver of conditions. The service and/or age requirements specified above will be waived in accordance with the following (leave blank if there are no waivers of conditions): 1. [ ] If employed on , the age and service requirements and the entry date requirement below are waived, subject to the following exceptions: (leave blank if no exceptions).

Appears in 1 contract

Samples: Adoption Agreement for Defined Contribution Pre Approved Plan (Solo 401(k))

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!