Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when made. This contribution will be made to:
Appears in 7 contracts
Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (1st Constitution Bancorp), Defined Contribution Plan (Savannah Bancorp Inc)
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when made. This contribution will be made to:
o a. All eligible Participants.
o b. Only eligible Participants who are Non-Highly Compensated Employees.
Appears in 5 contracts
Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc)
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when made. This contribution will be made to:
¨ a. All eligible Participants.
¨ b. Only eligible Participants who are Non-Highly Compensated Employees.
Appears in 2 contracts
Samples: Nonstandardized Adoption Agreement (United Community Bancorp), Defined Contribution Plan (Fraternity Community Bancorp Inc)
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when mademade and not available for in-service withdrawal. This contribution will be made to:
¨ a. All eligible Participants.
¨ b. Only eligible Participants who are Non-Highly Compensated Employees.
Appears in 2 contracts
Samples: Defined Contribution Plan (Chicopee Bancorp, Inc.), Defined Contribution Plan (United Community Bancorp)
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which that shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when mademade and not available for in-service withdrawal. This contribution will be made to:
a. All eligible Participants.
b. Only eligible Participants who are Non-Highly Compensated Employees.
Appears in 2 contracts
Samples: Adoption Agreement, Adoption Agreement
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when mademade and not available for in-service withdrawal. This contribution will be made to:
¨ a. All eligible Participants. ¨ b. Only eligible Participants who are Non-Highly Compensated Employees.
Appears in 2 contracts
Samples: Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.), Defined Contribution Plan (Georgetown Bancorp, Inc.)
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s 's account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s 's contribution shall be fully vested when mademade and not available for in-service withdrawal. This contribution will be made to:
a. All eligible Participants.
b. Only eligible Participants who are Non-Highly Compensated Employees.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when mademade and not available for in-service withdrawal. This contribution will be made to:
* a. All eligible Participants.
Appears in 1 contract
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s 's account in a uniform unifonm dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s 's contribution shall be fully vested when made. This contribution will be made to:
a. All eligible Participants.
b. Only eligible Participants who are Non-Highly Compensated Employees.
Appears in 1 contract
Samples: Adoption Agreement for Cash or Deferred Profit Sharing Plan (BBCN Bancorp Inc)
Discretionary Uniform Dollar QNEC Contribution Formula. The Employer shall have the right to make a discretionary QNEC contribution which shall be allocated to each eligible Participant’s account in a uniform dollar amount to be determined by the Employer and allocated in a nondiscriminatory manner. This part of the Employer’s contribution shall be fully vested when mademade and not available for in-service withdrawal. This contribution will be made to:
¨ a. All eligible Participants.
Appears in 1 contract
