Common use of Contribution Percentage shall be Clause in Contracts

Contribution Percentage shall be. For purposes of this section, year is defined as (select one): ¨ (a) the Plan Year (if selected, must enter a percentage for each year): % for the first year following automatic enrollment (must be at least 3% but not more than 10%); % for the second year following automatic enrollment (must be at least 4% but not more than 10%); % for the third year following automatic enrollment (must be at least 5% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%). ¨ (b) the 12 month period ending on the anniversary of each Participant’s enrollment date (if selected, enter a percentage for each year): % for the first year following automatic enrollment (must be at least 4% but not more than 10%); % for the second year following automatic enrollment (must be at least 5% but not more than 10%); % for the third year following automatic enrollment (must be at least 6% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%).

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)

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Contribution Percentage shall be. For purposes of this section, year is defined as (select one): ¨ ): (a) the Plan Year (if selected, must enter a percentage for each year): ____ % for the first year following automatic enrollment (must be at least 3% but not more than 10%); ____ % for the second year following automatic enrollment (must be at least 4% but not more than 10%); ____ % for the third year following automatic enrollment (must be at least 5% but not more than 10%); ____ % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%). ¨ . (b) the 12 month period ending on the anniversary of each Participant’s enrollment date (if selected, enter a percentage for each year): ____ % for the first year following automatic enrollment (must be at least 4% but not more than 10%); ____ % for the second year following automatic enrollment (must be at least 5% but not more than 10%); ____ % for the third year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); ____ % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%).

Appears in 1 contract

Samples: Defined Contribution Plan and Trust (Triad Guaranty Inc)

Contribution Percentage shall be. For purposes of this section, year is defined as (select one): ¨ ): (a) the Plan Year (if selected, must enter a percentage for each year): ____% for the first year following automatic enrollment (must be at least 3% but not more than 10%); ____% for the second year following automatic enrollment (must be at least 4% but not more than 10%); ____% for the third year following automatic enrollment (must be at least 5% but not more than 10%); ____% for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%). ¨ (b) the 12 month period ending on the anniversary of each Participant’s 's enrollment date (if selected, enter a percentage for each year): ____% for the first year following automatic enrollment (must be at least 4% but not more than 10%); ____% for the second year following automatic enrollment (must be at least 5% but not more than 10%); ____% for the third year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%).

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan Adoption Agreement (Colfax CORP)

Contribution Percentage shall be. For purposes of this section, year is defined as (select one): ¨ ): (a) the Plan Year (if selected, must enter a percentage for each year): ____% for the first year following automatic enrollment (must be at least 3% but not more than 10%); ____% for the second year following automatic enrollment (must be at least 4% but not more than 10%); ____% for the third year following automatic enrollment (must be at least 5% but not more than 10%); ____% for the fourth year following automatic enrollment (must be at least 6% but not more than 10than10%); ____% for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%). ¨ (b) the 12 month period ending on the anniversary of each Participant’s 's enrollment date (if selected, enter a percentage for each year): ____% for the first year following automatic enrollment (must be at least 4% but not more than 10%); ____% for the second year following automatic enrollment (must be at least 5% but not more than 10%); ____% for the third year following automatic enrollment (must be at least 6% but bu! not more than 10%); ____% for the fourth year following automatic enrollment (must be at least 6% but not no! more than 10%); ) ____% for the fifth year following automatic enrollment (must be at least 6% but not more than 10than10%); ____% for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); ____% for the seventh year following automatic enrollment (must be at least 6% °/o but not more than 10%); ____% for the eighth year and all subsequent years following automatic enrollment (must be at al least 6% but not more than 10%).

Appears in 1 contract

Samples: Adoption Agreement (Books a Million Inc)

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Contribution Percentage shall be. For purposes of this section, year is defined as (select one): ¨ ): (a) the Plan Year (if selected, must enter a percentage for each year): % for the first year following automatic enrollment (must be at least 3% but not more than 10%); % for the second year following automatic enrollment (must be at least 4% but not more than 10%); % for the third year following automatic enrollment (must be at least 5% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%). ¨ . (b) the 12 month period ending on the anniversary of each Participant’s enrollment date (if selected, enter a percentage for each year): % for the first year following automatic enrollment (must be at least 4% but not more than 10%); % for the second year following automatic enrollment (must be at least 5% but not more than 10%); % for the third year following automatic enrollment (must be at least 6% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%).

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan Adoption Agreement (SXC Health Solutions Corp.)

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