Common use of DESIGNATED QUALIFIED NONELECTIVE CONTRIBUTIONS Clause in Contracts

DESIGNATED QUALIFIED NONELECTIVE CONTRIBUTIONS. The Employer, in its sole discretion, may contribute an amount which it designates as a qualified nonelective contribution. [X] (d) NONELECTIVE CONTRIBUTIONS. (CHOOSE ANY COMBINATION OF (1) THROUGH (4)) (1) Discretionary contribution. The amount (or additional amount) the Employer may from time to time deem advisable. (2) The amount (or additional amount) the Employer may from time to time deem advisable, separately determined for each of the following classifications of Participants: (CHOOSE (i) OR (ii)) (i) Nonhighly Compensated Employees and Highly Compensated Employees. [ ] (ii) (SPECIFY CLASSIFICATIONS) _______________________________. Under this Option (2), the Advisory Committee will allocate the amount contributed for each Participant classification in accordance with Part II of Adoption Agreement Section 3.04, as if the Participants in that classification were the only Participants in the Plan. (3) of the Compensation of all Participants under the Plan, determined for the Employer's taxable year for which it makes the contribution. [NOTE: THE PERCENTAGE SELECTED MAY NOT EXCEED 15%.] [ ] (4) _______% of Net Profits but not more than $_________.

Appears in 1 contract

Samples: Adoption Agreement (Recovery Engineering Inc)

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DESIGNATED QUALIFIED NONELECTIVE CONTRIBUTIONS. The Employer, in its sole discretion, may contribute an amount which it designates as a qualified nonelective contribution. [X] (d) NONELECTIVE CONTRIBUTIONS. (CHOOSE ANY COMBINATION OF Choose any combination of (1) THROUGH through (4)) (1) Discretionary contribution. The amount (or additional amount) the Employer may from time to time deem advisable. (2) The amount (or additional amount) the Employer may from time to time deem advisable, separately determined for each of the following classifications of Participants: (CHOOSE Choose (i) OR or (ii)) (i) Nonhighly Compensated Employees and Highly Compensated Employees. [ ] (ii) (SPECIFY CLASSIFICATIONSSpecify classifications) _______________________________. Under this Option (2), the Advisory Committee will allocate the amount contributed for each Participant classification in accordance with Part II of Adoption Agreement Section 3.04, as if the Participants in that classification were the only Participants in the Plan. (3) of the Compensation of all Participants under the Plan, determined for the Employer's taxable year for which it makes the contribution. [NOTENote: THE PERCENTAGE SELECTED MAY NOT EXCEED The percentage selected may not exceed 15%.] [ ] (4) _______% of Net Profits but not more than $_________.

Appears in 1 contract

Samples: Adoption Agreement (Midcoast Energy Resources Inc)

DESIGNATED QUALIFIED NONELECTIVE CONTRIBUTIONS. The Employer, in its sole discretion, may contribute an amount which it designates as a qualified nonelective contribution. [Xx] (d) NONELECTIVE CONTRIBUTIONS. (CHOOSE ANY COMBINATION OF (1) THROUGH (4)) (1) Discretionary contribution. The amount (or additional amount) the Employer may from time to time deem advisable. (2) The amount (or additional amount) the Employer may from time to time deem advisable, separately determined for each of the following classifications of Participants: (CHOOSE (iI) OR (iiII)) (i) Nonhighly Compensated Employees and Highly Compensated Employees. [ [_] (ii) (SPECIFY CLASSIFICATIONS) _________________________________________. Under this Option (2), the Advisory Committee will allocate the amount contributed for each Participant classification in accordance with Part II 11 of Adoption Agreement Section 3.04, as if the Participants in that classification were the only Participants in the Plan. (3) of the Compensation of all Participants under the Plan, determined for the Employer's taxable year for which it makes the contribution. [NOTE: THE PERCENTAGE SELECTED MAY NOT EXCEED 15%.15 % . ] [ [_] (4) _______% of Net Profits but not more than $_____________.

Appears in 1 contract

Samples: Adoption Agreement (Benchmark Electronics Inc)

DESIGNATED QUALIFIED NONELECTIVE CONTRIBUTIONS. The Employer, in its sole discretion, may contribute an amount which it designates as a qualified nonelective contribution. [X] (d) NONELECTIVE CONTRIBUTIONS. (CHOOSE ANY COMBINATION OF Choose any combination of (1) THROUGH through (4)) (1) Discretionary contribution. The amount (or additional amount) the Employer may from time to time deem advisable. (2) The amount (or additional amount) the Employer may from time to time deem advisable, separately determined for each of the following classifications of Participants: (CHOOSE Choose (i) OR or (ii)) (i) Nonhighly Compensated Employees and Highly Compensated Employees. [ ] (ii) (SPECIFY CLASSIFICATIONS) Specify classifications)_______________________________. _ Under this Option (2), the Advisory Committee will allocate the amount contributed for each Participant classification in accordance with Part II of Adoption Agreement Section 3.04, as if the Participants in that classification were the only Participants in the Plan. (3) of the Compensation of all Participants under the Plan, determined for the Employer's taxable year for which it makes the contribution. [NOTENote: THE PERCENTAGE SELECTED MAY NOT EXCEED The percentage selected may not exceed 15%.] [ ] (4) _______% of Net Profits but not more than $___________.

Appears in 1 contract

Samples: Adoption Agreement (Transcrypt International Inc)

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DESIGNATED QUALIFIED NONELECTIVE CONTRIBUTIONS. The Employeremployer, in its sole discretion, may contribute an amount which it designates as a qualified nonelective contribution. [Xx] (d) NONELECTIVE CONTRIBUTIONS. (CHOOSE ANY COMBINATION OF (1) THROUGH (4)) (1) Discretionary contribution. The amount (or additional amount) the Employer may from time to time deem advisable. (2) The amount (or additional amount) the Employer may from time to time deem advisable, separately determined for each of the following classifications of Participants: (CHOOSE (i) OR (ii)) (i) Nonhighly Compensated Employees and Highly Compensated Employees. [ ] (ii) (SPECIFY CLASSIFICATIONS) _______________________________. _ Under this Option (2), the Advisory Committee will allocate the amount contributed for each Participant classification in accordance with Part II of Adoption Agreement Section 3.04, as if the Participants in that classification were the only Participants in the Plan. (3) of the Compensation of all Participants under the Plan, determined for the Employer's taxable year for which it makes the contribution. [NOTE: THE PERCENTAGE SELECTED MAY NOT EXCEED 15%.] [ ] (4) _______% of Net Profits but not more than $_________.

Appears in 1 contract

Samples: Adoption Agreement (Pluma Inc)

DESIGNATED QUALIFIED NONELECTIVE CONTRIBUTIONS. The Employer, in its sole discretion, may contribute an amount which it designates as a qualified nonelective contribution. [X] (d) NONELECTIVE CONTRIBUTIONS. (CHOOSE ANY COMBINATION OF (1) THROUGH (4)) (1) Discretionary contribution. The amount (or additional amount) the Employer may from time to time deem advisable. (2) The amount (or additional amount) the Employer may from time to time deem advisable, separately determined for each of the following classifications of Participants: (CHOOSE (iI) OR (iiII)) ) [ ] (i) Nonhighly i)Nonhighly Compensated Employees and Highly Compensated Employees. [ ] (ii) (SPECIFY CLASSIFICATIONS) ______)_________________________. Under this Option (2), the Advisory Committee will allocate the amount contributed for each Participant classification in accordance with Part II of Adoption Agreement Section 3.04, as if the Participants in that classification were the only Participants in the Plan. (3) of the Compensation of all Participants under the Plan, determined for the Employer's taxable year for which it makes the contribution. [NOTE: THE PERCENTAGE SELECTED MAY NOT EXCEED 15%.] [ ] (4) _______% of Net Profits but not more than $__________.

Appears in 1 contract

Samples: Adoption Agreement (American Community Bancshares Inc)

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