Common use of Defined Benefit Plan Clause in Contracts

Defined Benefit Plan. A plan under which a Participant’s benefit is determined by a formula contained in the plan and no Employee accounts are maintained for Participants.

Appears in 12 contracts

Samples: Defined Contribution Plan (ASB Bancorp Inc), Defined Contribution Plan (Fraternity Community Bancorp Inc), Savings and Investment Plan Document (Sterling Chemicals Inc)

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Defined Benefit Plan. A plan Plan under which a Participant’s 's benefit is determined by a formula contained in the plan Plan and no Employee individual accounts are maintained for Participants.

Appears in 7 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Profit Sharing Plan (First Keystone Corp), Adoption Agreement (Professionals Insurance Co Management Group)

Defined Benefit Plan. A plan under which a Participant’s 's benefit is determined by a formula contained in the plan and no Employee accounts are maintained for Participants.

Appears in 5 contracts

Samples: Defined Contribution Plan (1st Constitution Bancorp), Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Savannah Bancorp Inc)

Defined Benefit Plan. A plan under which a Participant’s benefit is determined by a based solely on the Plan’s benefit formula contained in without the plan and no Employee accounts are maintained establishment of separate Accounts for Participants.

Appears in 3 contracts

Samples: Governmental Nonstandardized Defined Contribution Plan, Defined Contribution Plan and Trust (National Penn Bancshares Inc), Defined Contribution Prototype Plan and Trust Agreement (Mercantile Bancorp, Inc.)

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Defined Benefit Plan. A plan under which a Participant’s 's benefit is determined by a based solely on the Plan's benefit formula contained in without the plan and no Employee accounts are maintained establishment of separate Accounts for Participants.

Appears in 1 contract

Samples: Profit Sharing/401(k) Prototype Plan and Trust (Capital Corp of the West)

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