Common use of Date of tax-exempt Employer contributions Clause in Contracts

Date of tax-exempt Employer contributions. Notwithstanding anything in the Plan to the contrary, in the case of an Employer that is exempt from Federal income tax (including a governmental employer), Employer contributions are treated as credited to a participant's account for a particular limitation year only if the contributions are actually made to the plan no later than the 15th day of the tenth calendar month following the end of the calendar year or fiscal year (as applicable, depending on the basis on which the employer keeps its books) with or within which the particular limitation year ends.

Appears in 5 contracts

Samples: Individual 401(k) Plan Purchase Agreement, 401(k) Profit Sharing Plan (Nci Building Systems Inc), Employer Sponsored Plan Account Agreement

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Date of tax-exempt Employer contributions. Notwithstanding anything in the Plan to the contrary, in the case of an Employer that is exempt from Federal income tax (including a governmental employer), Employer contributions are treated as credited to a participant's ’s account for a particular limitation year only if the contributions are actually made to the plan no later than the 15th day of the tenth calendar month following the end of the calendar year or fiscal year (as applicable, depending on the basis on which the employer keeps its books) with or within which the particular limitation year ends.

Appears in 3 contracts

Samples: 401(k) Plan Adoption Agreement (Knowles Corp), 401(k) Plan Adoption Agreement (Firstmerit Corp /Oh/), 401(k) Profit Sharing Plan Adoption Agreement (Simpson Manufacturing Co Inc /Ca/)

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Date of tax-exempt Employer contributions. Notwithstanding anything in the Plan to the contrary, in the case of an Employer that is exempt from Federal income tax (including a governmental employer), Employer contributions Contributions are treated as credited to a participantParticipant's account for a particular limitation year Limitation Year only if the contributions are actually made to the plan Plan no later than the 15th day of the tenth calendar month following the end of the calendar year or fiscal year (as applicable, depending on the basis on which the employer Employer keeps its books) with or within which the particular limitation year Limitation Year ends.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)

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