Continuing Eligibility Requirement(s) - A Participant who is an Active Participant during. a Contribution Period and makes eligible contributions during the Contribution Period shall only be entitled to receive Matching Employer Contributions under Section 1.11 for that Contribution Period if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (3) and (4) may not be elected together; Option (5) may not be elected with Option (2), (3), or (4); Options (2), (3), (4), (5), and (7) may not be elected with respect to Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)(11) safe harbor with respect to Matching Employer Contributions): (1) x No requirements. (2) ¨ Is employed by the Employer or a Related Employer on the last day of the Contribution Period. (3) ¨ Earns at least 501 Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.) (4) ¨ Earns at least (not to exceed 1,000) Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.) (5) ¨ Either earns at least 501 Hours of Service during the Plan Year or is employed by the Employer or a Related Employer on the last day of the Plan Year. (Only if the Contribution Period is the Plan Year.) (6) ¨ Is not a Highly Compensated Employee for the Plan Year. (7) ¨ Is not a partner or a member of the Employer, if the Employer is a partnership or an entity taxed as a partnership. (8) ¨ Special continuing eligibility requirement(s) for additional Matching Employer Contributions. (Only if Option 1.11(b), Additional Matching Employer Contributions, is checked.) (A) The continuing eligibility requirement(s) for additional Matching Employer Contributions is/are: (Fill in number of applicable eligibility requirement(s) from above, including the number of Hours of Service if Option (4) has been selected. Options (2), (3), (4), (5), and (7) may not be elected with respect to additional Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m) (11) safe harbor with respect to Matching Employer Contributions.)
Appears in 2 contracts
Samples: Defined Contribution Plan (Profit Sharing/401(k) Plan) (Alcoa Inc.), Defined Contribution Plan (Profit Sharing/401(k) Plan) (Alcoa Inc.)
Continuing Eligibility Requirement(s) - A Participant who is an Active Participant during. a Contribution Period and makes eligible contributions during the Contribution Period shall only be entitled to receive Matching Employer Contributions under Section 1.11 for that Contribution Period if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (3) and (4) may not be elected together; Option (5) may not be elected with Option (2), (3), or (4); Options (2), (3), (4), (5), and (7) may not be elected with respect to Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)(11) safe harbor with respect to Matching Employer Contributions):
(1) x No requirements.
(2) ¨ Is employed by the Employer or a Related Employer on the last day of the Contribution Period.
(3) ¨ Earns at least 501 Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(4) ¨ Earns at least (not to exceed 1,000) Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(5) ¨ Either earns at least 501 Hours of Service during the Plan Year or is employed by the Employer or a Related Employer on the last day of the Plan Year. (Only if the Contribution Period is the Plan Year.)
(6) ¨ Is not a Highly Compensated Employee for the Plan Year.
(7) ¨ Is not a partner or a member of the Employer, if the Employer is a partnership or an entity taxed as a partnership.
. Note: If Option (8) ¨ Special continuing eligibility requirement(s) for additional Matching Employer Contributions. (Only if Option 1.11(b2), Additional Matching Employer Contributions(3), (4), or (5) is checked.)
(A) The continuing eligibility requirement(s) for additional adopted during a Contribution Period, such Option shall not become effective until the first day of the next Contribution Period. Matching Employer Contributions is/are: (Fill in number attributable to the Contribution Period that are funded during the Contribution Period shall not be subject to the eligibility requirements of applicable eligibility requirement(s) from above, including the number of Hours of Service if Option (2), (3), (4) has been selected), or (5). Options If Option (2), (3), (4), (5), and or (7) may not be is elected with respect to additional any Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or and if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and also elected, the Employer intends Plan will not be deemed to satisfy the Code “ACP” test in accordance with Section 401(m)
(11) safe harbor with respect 6.10 of the Basic Plan Document and will have to Matching Employer Contributionspass the “ACP” test each year.)
Appears in 1 contract
Samples: Defined Contribution Plan (Acadia Pharmaceuticals Inc)
Continuing Eligibility Requirement(s) - A Participant who is an Active Participant during. a Contribution Period and makes eligible contributions during the Contribution Period shall only be entitled to receive Matching Employer Contributions under Section 1.11 for that Contribution Period if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (3) and (4) may not be elected together; Option (5) may not be elected with Option (2), (3), or (4); Options (2), (3), (4), (5), and (7) may not be elected with respect to Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)(11) safe harbor with respect to Matching Employer Contributions):
(1) x No þNo requirements.
(2) ¨ Is ¨Is employed by the Employer or a Related Employer on the last day of the Contribution Period.
(3) ¨ Earns ¨Earns at least 501 Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(4) ¨ Earns ¨Earns at least (not to exceed 1,000) Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(5) ¨ Either ¨Either earns at least 501 Hours of Service during the Plan Year or is employed by the Employer or a Related Employer on the last day of the Plan Year. (Only if the Contribution Period is the Plan Year.)
(6) ¨ Is ¨Is not a Highly Compensated Employee for the Plan Year.
(7) ¨ Is ¨Is not a partner or a member of the Employer, if the Employer is a partnership or an entity taxed as a partnership.
(8) ¨ Special ¨Special continuing eligibility requirement(s) for additional Matching Employer Contributions. (Only if Option 1.11(b), Additional Matching Employer Contributions, is checked.)
(A) The continuing eligibility requirement(s) for additional Matching Employer Contributions is/are: (Fill in number of applicable eligibility requirement(s) from above, including the number of Hours of Service if Option (4) has been selected. Options (2), (3), (4), (5), and (7) may not be elected with respect to additional Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)
(11401(m)(11) safe harbor with respect to Matching Employer Contributions.)
Appears in 1 contract
Samples: Defined Contribution Plan (Cabot Microelectronics Corp)
Continuing Eligibility Requirement(s) - A Participant who is an Active Participant during. a Contribution Period and makes eligible contributions during the Contribution Period shall only be entitled to receive Matching Employer Contributions under Section 1.11 for that Contribution Period if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (3) and (4) may not be elected together; Option (5) may not be elected with Option (2), (3), or (4); Options (2), (3), (4), (5), and (7) may not be elected with respect to Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)(11) safe harbor with respect to Matching Employer Contributions):
(1) x ☑ No requirements.
(2) ¨ ☐ Is employed by the Employer or a Related Employer on the last day of the Contribution Period.
(3) ¨ ☐ Earns at least 501 Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(4) ¨ ☐ Earns at least (not to exceed 1,000) Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(5) ¨ ☐ Either earns at least 501 Hours of Service during the Plan Year or is employed by the Employer or a Related Employer on the last day of the Plan Year. (Only if the Contribution Period is the Plan Year.)
(6) ¨ ☐ Is not a Highly Compensated Employee for the Plan Year.
(7) ¨ ☐ Is not a partner or a member of the Employer, if the Employer is a partnership or an entity taxed as a partnership.
(8) ¨ ☐ Special continuing eligibility requirement(s) for additional Matching Employer Contributions. (Only if Option 1.11(b), Additional Matching Employer Contributions, is checked.)
(A) The continuing eligibility requirement(s) for additional Matching Employer Contributions is/are: __________ (Fill in number of applicable eligibility requirement(s) from above, including the number of Hours of Service if Option (4) has been selected. Options (2), (3), (4), (5), and (7) may not be elected with respect to additional Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)
(11401(m)(11) safe harbor with respect to Matching Employer Contributions.)
Appears in 1 contract
Samples: Defined Contribution Plan (Profit Sharing/401(k) Plan) (AVX Corp)
Continuing Eligibility Requirement(s) - A Participant who is an Active Participant during. a Contribution Period and makes eligible contributions during the Contribution Period shall only be entitled to receive Matching Employer Contributions under Section 1.11 for that Contribution Period if the Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (3) ), (4), (8), (9), and (410) may not be elected togetherin any combination; Option (5) may not be elected with Option (2), (3), or (4); Options (2), (3), ) through (4) or Options (8) through (10), (5), and (7) may not be elected with respect to Matching Employer Contributions if Option 1.11(a)(3), 401(k) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)(11) safe harbor with respect to Matching Employer Contributions):
(1) x 🗹 No requirements.
(2) ¨ 🞎 Is employed by the Employer or a Related Employer on the last day of the Contribution Period.
(3) ¨ 🞎 Earns at least 501 Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(4) ¨ 🞎 Earns at least (not to exceed 1,000) Hours of Service during the Plan Year. (Only if the Contribution Period is the Plan Year.)
(5) ¨ 🞎 Either earns at least 501 Hours of Service during the Plan Year or is employed by the Employer or a Related Employer on the last day of the Plan Year. (Only if the Contribution Period is the Plan Year.)
(6) ¨ 🞎 Is not a Highly Compensated Employee for the Plan Year.
(7) ¨ 🞎 Is not a partner or a member of the Employer, if the Employer is a partnership or an entity taxed as a partnership.
(8) ¨ 🞎 Is employed by the Employer or a Related Employer on the last day of the Employer's fiscal year.
(9) 🞎 Is employed by the Employer or a Related Employer on the date the Matching Employer Contribution allocation is declared.
(10) 🞎 Is employed by the Employer or a Related Employer on the date the Matching Employer Contribution is made.
(11) 🞎 Special continuing eligibility requirement(s) for additional Matching Employer Contributions. (Only if Option 1.11(b), Additional Contributions or “true up” Matching Employer Contributions, is checked.)
(A) 🞎 The continuing eligibility requirement(s) for additional Matching Employer Contributions selected in Option 1.11(b) is/are: :
(Fill in number of applicable B) 🞏 The continuing eligibility requirement(s) from above, including the number of Hours of Service if Option (4) has been selected. Options (2), (3), (4), (5), and (7) may not be elected with respect to additional for “true up” Matching Employer Contributions if Option 1.11(a)(3), 401(kdescribed in Section 1.11(d) Safe Harbor Matching Employer Contributions, is checked or if Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked and the Employer intends to satisfy the Code Section 401(m)
(11) safe harbor with respect to Matching Employer Contributions.)is/are:
Appears in 1 contract
Samples: Defined Contribution Plan