Common use of Determination of Benefits Clause in Contracts

Determination of Benefits. The Plan will determine the amount of employee contributions and the amount of elective deferrals of an individual treated as reemployed under this Section 15.2 for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual’s average actual employee contributions or elective deferrals for the lesser of: (i) the 12-month period of service with the Employer immediately prior to qualified military service; or (ii) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

Appears in 2 contracts

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

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Determination of Benefits. The Plan will determine the amount of employee contributions Employee Contributions and the amount of elective deferrals Elective Deferrals of an individual treated as reemployed under this Section 15.2 3.11(K) for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual’s 's average actual employee contributions Employee Contributions or elective deferrals Elective Deferrals for the lesser of: (ia) the 12-month period of service with the Employer immediately prior to qualified military serviceQualified Military Service; or (iib) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

Appears in 1 contract

Samples: Defined Contribution Pre Approved Plan (J&j Snack Foods Corp)

Determination of Benefits. The Plan will determine the amount of employee contributions and the amount of elective deferrals of an individual treated as reemployed under this Section 15.2 3.2 for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual’s 's average actual employee contributions or elective deferrals for the lesser of: (i) the 12-month period of service with the Employer immediately prior to qualified military service; or (ii) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc)

Determination of Benefits. The Plan will determine the amount of employee contributions Employee Contributions and the amount of elective deferrals Elective Deferrals of an individual treated as reemployed under this Section 15.2 3.10(K) for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual’s average actual employee contributions Employee Contributions or elective deferrals Elective Deferrals for the lesser of: (ia) the 12-month period of service with the Employer immediately prior to qualified military serviceQualified Military Service; or (iib) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

Appears in 1 contract

Samples: 403(b) Volume Submitter Plan Adoption Agreement

Determination of Benefits. The Plan will determine the amount of employee contributions and the amount of elective deferrals of an individual treated as reemployed under this Section 15.2 for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual’s 's average actual employee contributions or elective deferrals for the lesser of: (i) the 12-month period of service with the Employer immediately prior to qualified military service; or (ii) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

Appears in 1 contract

Samples: 401(k) Profit Sharing Plan (Nci Building Systems Inc)

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Determination of Benefits. The Plan will determine the amount of employee contributions and the amount of elective deferrals of an individual treated as reemployed under this Section 15.2 3.2 for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual’s average actual employee contributions or elective deferrals for the lesser of: (i) the 12-month period of service with the Employer immediately prior to qualified military service; or (ii) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

Determination of Benefits. The Plan will determine the amount of employee contributions Employee Contributions and the amount of elective deferrals Elective Deferrals of an individual treated as reemployed under this Section 15.2 3.11(K) for purposes of applying paragraph Code §414(u)(8)(C) on the basis of the individual’s 's average actual employee contributions Employee Contributions or elective deferrals Elective Deferrals for the lesser of: (ia) the 12-month 12‑month period of service with the Employer immediately prior to qualified military serviceQualified Military Service; or (iib) if service with the Employer is less than such 12-month period, the actual length of continuous service with the Employer.

Appears in 1 contract

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

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