Common use of Contributions and Forfeitures Clause in Contracts

Contributions and Forfeitures. 3.01 AMOUNT. ------ Part I. [Options (a) through (g)] Amount of Employer's contribution. The Employer's annual contribution to the Trust will equal the total amount of deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions, as determined under this Section 3.01. (Choose any combination of (a), (b), (c) and (d), or choose (e)) (a) Deferral contributions (Code Section 401(k) arrangement). (Choose (1) or (2) or both) (1) Salary reduction arrangement. The Employer must contribute the amount by which the Participants have reduced their Compensation for the Plan Year, pursuant to their salary reduction agreements on file with the Advisory Committee. A reference in the Plan to salary reduction contributions is a reference to these amounts. (2) Cash or deferred arrangement. The Employer will contribute on behalf of each Participant the portion of the Participant's proportionate share of the cash or deferred contribution which he has not elected to receive in cash. See Section 14.02

Appears in 3 contracts

Samples: Adoption Agreement (Modine Manufacturing Co), Adoption Agreement (Modine Manufacturing Co), Adoption Agreement (Modine Manufacturing Co)

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Contributions and Forfeitures. 3.01 AMOUNT. ------. Part I. [Options (a) through (g)] Amount of Employer's contribution. The Employer's annual contribution to the Trust will equal the total amount of deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions, as determined under this Section 3.01. (Choose any combination of (a), (b), (c) and (d), or choose (e)) (a) Deferral contributions (Code Section 401(kCodess.401(k) arrangement). (Choose (1) or (2) or both) (1) Salary reduction arrangement. The Employer must contribute the amount by which the Participants have reduced their Compensation for the Plan Year, pursuant to their salary reduction agreements on file with the Advisory Committee. A reference in the Plan to salary reduction contributions is a reference to these amounts. (2) Cash or deferred arrangement. The Employer will contribute on behalf of each Participant the portion of the Participant's proportionate share of the cash or deferred contribution which he has not elected to receive in cash. See Section 14.02

Appears in 2 contracts

Samples: Adoption Agreement (National Auto Finance Co Inc), Adoption Agreement (Washington Homes Inc)

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Contributions and Forfeitures. 3.01 AMOUNT. ------. Part I. [Options (a) through (g)] Amount of Employer's contribution. The Employer's annual contribution to the Trust will equal the total amount of deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions, as determined under this Section 3.01. (Choose any combination of (a), (b), (c) and (d), or choose (e)) (a) Deferral contributions (Code Section 401(k) arrangement). (Choose (1) or (2) or both) (1) Salary reduction arrangement. The Employer must contribute the amount by which the Participants have reduced their Compensation for the Plan Year, pursuant to their salary reduction agreements on file with the Advisory Committee. A reference in the Plan to salary reduction contributions is a reference to these amounts. (2) Cash or deferred arrangement. The Employer will contribute on behalf of each Participant the portion of the Participant's proportionate share of the cash or deferred contribution which he has not elected to receive in cash. See Section 14.02

Appears in 1 contract

Samples: Adoption Agreement (Hub Group Inc)

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