Common use of Contribution Amount For A SIMPLE 401(k) Plan Clause in Contracts

Contribution Amount For A SIMPLE 401(k) Plan. If the Employer has executed the SIMPLE 401(k) Adoption Agreement the provisions of the following paragraphs shall apply for a Plan Year if the Employer is an Eligible Employer and no contributions are made or benefits accrued for services during the Plan Year on behalf of any Eligible Employee under any other plan, contract, pension or trust described in Code Section 219(g)(5)(A) or (B) maintained by the Employer.