Designation of Alternate Plan to Receive Safe Harbor Contribution. If the Safe Harbor Contribution as elected below is not being made to this Plan, the name of the other plan that will receive the Safe Harbor Contribution is: . [ ] 3. Basic Matching Contribution Formula: Matching Contributions will be made on behalf of Participants in an amount equal to 100% of the amount of the Eligible Participant’s Elective Deferrals that do not exceed 3% of the Participant’s Compensation and 50% of the amount of the Participant’s Elective Deferrals that exceed 3% of the Participant’s Compensation but that do not exceed 5% of the Participant’s Compensation.
Appears in 4 contracts
Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct), Prototype Defined Contribution Plan (Savannah Bancorp Inc), Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)
Designation of Alternate Plan to Receive Safe Harbor Contribution. If the Safe Harbor Contribution as elected below is not being made to this Plan, the name of the other plan that will receive the Safe Harbor Contribution is: . [ ] 3. C. Basic Matching Contribution Formula: Matching Contributions will be made on behalf of Participants in an amount equal to 100% of the amount of the Eligible Participant’s 's Elective Deferrals that do not exceed 3% of the Participant’s 's Compensation and 50% of the amount of the Participant’s 's Elective Deferrals that exceed 3% of the Participant’s 's Compensation but that do not exceed 5% of the Participant’s 's Compensation.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)
