Common use of Continuing Eligibility Requirement(s) - A Participant Clause in Contracts

Continuing Eligibility Requirement(s) - A Participant. shall only be entitled to receive Nonelective Employer Contributions for a Plan Year under this Section 1.12 if the Participant is an Active Participant during the Plan Year and 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 Nonelective Employer Contributions under the fixed formula if Option 1.12(a)(3), 401(k) Safe Harbor Formula, is checked): (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 discretionary Nonelective Employer Contributions. (Only if both Options 1.12(a) and (b) are checked.) (A) The continuing eligibility requirement(s) for discretionary Nonelective 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.)

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.)

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Continuing Eligibility Requirement(s) - A Participant. shall only be entitled to receive Nonelective Employer Contributions for a Plan Year under this Section 1.12 if the Participant is an Active Participant during the Plan Year and satisfies the following requirement(s) (Check the appropriate box(es)—Options 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 Nonelective Employer Contributions under the fixed formula if Option 1.12(a)(3), 401(k) Safe Harbor Formula, is checked): (1) x ¨ No requirements. (2) ¨ x 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(s2) for discretionary Nonelective Employer Contributions(3), (4), or (5) is adopted during a Contribution Period, such Option shall not become effective until the first day of the next Contribution Period. (Only if both Options 1.12(a) and (b) are checked.) (A) The continuing eligibility requirement(s) for discretionary Nonelective 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).)

Appears in 1 contract

Samples: Defined Contribution Plan (Acadia Pharmaceuticals Inc)

Continuing Eligibility Requirement(s) - A Participant. shall only be entitled to receive Nonelective Employer Contributions for a Plan Year under this Section 1.12 if the Participant is an Active Participant during the Plan Year and satisfies the following requirement(s) (Check the appropriate box(es)—Options 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 Nonelective Employer Contributions under the fixed formula if Option 1.12(a)(3), 401(k) Safe Harbor Formula, is checked): (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 discretionary Nonelective Employer Contributions. (Only if both Options 1.12(a) and (b) are checked.) (A) The continuing eligibility requirement(s) for discretionary Nonelective 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.)

Appears in 1 contract

Samples: Defined Contribution Plan (Profit Sharing/401(k) Plan) (Alcoa Inc.)

Continuing Eligibility Requirement(s) - A Participant. shall only be entitled to receive Nonelective Employer Contributions for a Plan Year under this Section 1.12 if the Participant is an Active Participant during the Plan Year and satisfies the following requirement(s) (Check the appropriate box(es)—Options 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 Nonelective Employer Contributions under the fixed formula if Option 1.12(a)(3), 401(k) Safe Harbor Formula, is checked): (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 discretionary Nonelective Employer Contributions. (Only if both Options 1.12(a) and (b) are checked.) (A) The continuing eligibility requirement(s) for discretionary Nonelective Employer Contributions is/are: (2) (Fill in number of applicable eligibility requirement(s) from above, including the number of Hours of Service if Option (4) has been selected.)

Appears in 1 contract

Samples: Defined Contribution Plan (Profit Sharing/401(k) Plan) (AVX Corp)

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Continuing Eligibility Requirement(s) - A Participant. shall only be entitled to receive Nonelective Employer Contributions for a Plan Year under this Section 1.12 if the Participant is an Active Participant during the Plan Year and satisfies the following requirement(s) (Check the appropriate box(es)—Options 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 Nonelective Employer Contributions under the fixed formula if Option 1.12(a)(3), 401(k) Safe Harbor Formula, is checked): (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 discretionary Nonelective Employer Contributions. (Only if both Options 1.12(a) and (b) are checked.) (A) The continuing eligibility requirement(s) for discretionary Nonelective Employer Contributions is/are: _____(Fill in number of applicable eligibility requirement(s) from above, including the number of Hours of Service if .) Note: If Option (2) (3), (4), or (5) has been selectedis adopted during a Contribution Period, such Option shall not become effective until the first day of the next Contribution Period. Nonelective Employer Contributions attributable to the Contribution Period that are funded during the Contribution Period shall not be subject to the eligibility requirements of Option (2), (3), (4), or (5).)

Appears in 1 contract

Samples: Defined Contribution Plan (Cabot Microelectronics Corp)

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