Common use of EGTRRA Vesting Clause in Contracts

EGTRRA Vesting. I. The Employer understands that if the vesting schedule elected in Section XI of the Adoption Agreement does not satisfy the requirements of the Internal Revenue Code, as amended by EGTRRA with respect to Employer matching contributions (including supplemental (Formula 1) contributions), then effective January 1, 2002, such contributions shall vest under vesting schedule ____ (Insert the number of the vesting schedule you wish to elect as provided in Section XI A. of the Adoption Agreement. Note: you may not elect vesting schedule 3 or vesting schedule 6 under this Section XI E.) II. By checking this box o , the Employer provides that the EGTRRA vesting schedule elected above with respect to Employer matching contributions (including supplemental (Formula 1) contributions) shall be applied on a prospective basis only. By execution of this Addendum to the Adoption Agreement by a duly authorized representative of the Employer, such Addendum shall hereby be made a part of the Employer's Adoption Agreement and is thus incorporated into and made a part of the Plan.

Appears in 2 contracts

Samples: Adoption Agreement (Osage Bancshares, Inc.), Adoption Agreement (Osage Federal Financial Inc)

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EGTRRA Vesting. I. 1. The Employer understands that if the vesting schedule elected in Section XI of the Adoption Agreement does not satisfy the requirements of the Internal Revenue Code, as amended by EGTRRA with respect to Employer matching contributions (including supplemental (Formula 1) contributions), then effective January 1, 2002, such contributions shall vest under vesting schedule ____ (Insert the number of the vesting schedule you wish to elect as provided in Section XI A. of the Adoption Agreement. Note: you may not elect vesting schedule 3 or vesting schedule 6 under this Section XI E.) II2. By checking this box o G , the Employer provides that the EGTRRA vesting schedule elected above with respect to Employer matching contributions (including supplemental (Formula 1) contributions) shall be applied on a prospective basis only. By execution of this Addendum to the Adoption Agreement by a duly authorized representative of the Employer, such Addendum shall hereby be made a part of the Employer's ’s Adoption Agreement and is thus incorporated into and made a part of the Plan.

Appears in 1 contract

Samples: Adoption Agreement (Ottawa Savings Bancorp, Inc.)

EGTRRA Vesting. I. 1. The Employer understands that if the vesting schedule elected in Section XI of the Adoption Agreement does not satisfy the requirements of the Internal Revenue Code, as amended by EGTRRA with respect to Employer matching contributions (including supplemental (Formula 1) contributions), then effective January 1, 2002, such contributions shall vest under vesting schedule _______ (Insert the number of the vesting schedule you wish to elect as provided in Section XI A. of the Adoption Agreement. Note: you may not elect vesting schedule 3 or vesting schedule 6 under this Section XI E.) II2. By checking this box o , the Employer provides that the EGTRRA vesting schedule elected above with respect to Employer matching contributions (including supplemental (Formula 1) contributions) shall be applied on a prospective basis only. By execution of this Addendum to the Adoption Agreement by a duly authorized representative of the Employer, such Addendum shall hereby be made a part of the Employer's Adoption Agreement and is thus incorporated into and made a part of the Plan.

Appears in 1 contract

Samples: Adoption Agreement (Kearny Financial Corp.)

EGTRRA Vesting. I. 1. The Employer understands that if the vesting schedule elected in Section XI of the Adoption Agreement does not satisfy the requirements of the Internal Revenue Code, as amended by EGTRRA with respect to Employer matching contributions (including supplemental (Formula 1) contributions), then effective January 1, 2002, such contributions shall vest under vesting schedule ________ (Insert the number of the vesting schedule you wish to elect as provided in Section XI A. of the Adoption Agreement. Note: you may not elect vesting schedule 3 or vesting schedule 6 under this Section XI E.) II2. By checking this box o [_], the Employer provides that the EGTRRA vesting schedule elected above with respect to Employer matching contributions (including supplemental (Formula 1) contributions) shall be applied on a prospective basis only. By execution of this Addendum to the Adoption Agreement by a duly authorized representative of the Employer, such Addendum shall hereby be made a part of the Employer's Adoption Agreement and is thus incorporated into and made a part of the Plan.

Appears in 1 contract

Samples: Adoption Agreement (American Bancorp of New Jersey Inc)

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EGTRRA Vesting. I. 1. The Employer understands that if the vesting schedule elected in Section Sec XI of the Adoption Agreement does not satisfy the requirements of the Internal Revenue Code, as amended by EGTRRA with respect to Employer matching contributions (including supplemental (Formula 1) contributions), then effective January 1, 2002, such contributions shall vest under vesting schedule _____ (Insert the number of the vesting schedule you wish to elect as provided in Section XI A. of the Adoption Agreement. Note: you may not elect vesting schedule 3 or vesting schedule 6 under this Section XI E.) II2. By checking this box o , the Employer provides that the EGTRRA vesting schedule elected above with respect to Employer matching contributions (including supplemental (Formula 1) contributions) shall be applied on a prospective basis only. By execution of this Addendum to the Adoption Agreement by a duly authorized representative of the Employer, such Addendum Addendum, shall hereby be made a part of the Employer's Adoption Agreement and is thus incorporated into and made a part of the Plan.

Appears in 1 contract

Samples: Adoption Agreement (Central Federal Corp)

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