Employer Accounts. At the rate of 20% each year after 3 Years of Service. (20% vested in third year) ( )
Employer Accounts. In-service distributions from Employer Accounts will be allowed as follows: [Check applicable box(es).]
a. [ x ] Standard: no distributions before separation from service.
b. [ ] on or after age . c. [ ] after the anniversary of Plan participation.
Employer Accounts. If an Employer wishes to implement EvoShare without their Retirement Service Provider being an EvoShare Partner, EvoShare would charge the Employer the fee agreed upon subscription If an Employer’s Retirement Service Provider is an EvoShare Partner, the employer is subject to the fee structure, if applicable, that has been established between EvoShare and the EvoShare Partner. Employer Accounts are subject to approval by EvoShare. EvoShare has sole discretion in choosing whether or not to approve an Employer registration. Companies who desire to have or already have an employer sponsored retirement program for employees (“Employer”) may apply for registration to use EvoShare’s services (“Services”). By submitting an application to participate in the Services, you represent and warrant that you: 1) have the right to enter into and perform this agreement with EvoShare including, but not limited to, the consent of the Employer to use its name and/or logo, and 2) that the information in your application is true, complete and current. By participating in the Services, you grant EvoShare a worldwide right to: 1) display your listing on our Website; 2) promote your organization or company as part of the Services online, in print and any other media; and 3) display your trademark, logo, slogans and other source or business identifiers in promotion of your company or organization. If an Employer terminates its customer relationship with an EvoShare Partner and their new Retirement Service Provider is not an EvoShare Partner, the Employer would be required to pay EvoShare’s onboarding and monthly fees, or terminate the relationship with EvoShare. Employers may terminate their relationship with EvoShare and our right to use their name and logo at any time by providing EvoShare with a written notice and EvoShare will cease all use within a 30-day period. EvoShare acknowledges that you retain all rights, title, and interest in and to your name and logo and reserves all rights not expressly granted. Employers may promote their participation in the service by displaying the EvoShare trademark, logo, slogan and other source or business identifiers. EvoShare may terminate this Agreement or remove their listing from the Website and Services at any time for any reason. Upon receipt of written notice of termination from EvoShare, the Employer must promptly remove any source or business identifiers of EvoShare and disable the links from their website to the Services. Employees...
Employer Accounts. Plan Provision ( ) b. 100% vested after ____ Year(s) of Service (Not to exceed 3) (X) c. Same as non-Top Heavy vesting schedule (Must be at least as favorable as a or b) ( ) d. Other: (Optional vesting schedule must be at least as favorable as a. or b.)
Employer Accounts. The Employer Deferral Account shall be subdivided ----------------- into three subaccounts:
(a) The Employer Deferral Account Matching subaccount to which shall be allocated Employer Matching Contributions.
(b) The Employer Deferral Account Profit Sharing subaccount to which shall be allocated Excess Profit Sharing Employer Non-Elective Contributions.
Employer Accounts. Plan Provision ( ) b. 100% vested after ____ Year(s) of Service (Not to exceed 3)
Employer Accounts. Plan Provision ( ) b. 100% vested after _____ Year(s) of Service (Not to exceed 3) (x ) c. Same as non-Top Heavy vesting schedule (Must be at least as favorable as a or b) ( ) d. Other: (Optional vesting schedule must be at least as favorable as a. or b.) Year(s) of Service Percent Vesting ------------------ --------------- Less than 1 ______ 1 but less than 2 ______ 2 but less than 3 ______ 3 but less than 4 ______ 4 but less than 5 ______ 5 but less than 6 ______ 6 but less than 7 ______ 7 or more ______
Employer Accounts. Except as specifically provided in Section 4.3, the Trustee shall not be required to maintain any separate account or accounts for any group of employees under the Plan, nor does the Trustee need to make any separate investment of the Trust Fund for the account of any Employer and its employees. If, for any purpose, it becomes necessary as of any date to determine the part of the Trust Fund allocable to any group of employees employed or formerly employed by any Employer, such part shall be determined by the Committee, taking into consideration the relative aggregate benefits paid from the Trust Fund to or on behalf of such group of employees, and such other factors as the Committee deems appropriate. Any such determination by the Committee shall be binding upon all of the Employers, employees and former employees of the Employers and all other persons. In the event any Employer elects to terminate or fund separately all or any portion of the benefits provided under the Plan for any group of employees employed or formerly employed by it, the Trustee shall segregate and dispose of the appropriate part of the Trust Fund as directed by the Committee in writing or shall hold such part in a separate trust governed by the same provisions as this Trust Agreement.
Employer Accounts. In-service distributions from Employer Accounts will be allowed as follows: [Check applicable box (es)]
a. [ ] STANDARD: no distributions before separation from service.
b. [x] for a. financial hardship under the safe harbor tests. [Sec Section 9.2(b)(3).]
c. [x] under other circumstances. [Attach appropriate addendum IX.C.3.c.]
Employer Accounts. In-service distributions from Employer Accounts will be allowed as follows: [Check applicable box (es)] a. [ ] STANDARD: no distributions before separation from service. b. [x] for a. financial hardship under the safe harbor tests. [Sec Section 9.2(b)(3).] c. [x] under other circumstances. [Attach appropriate addendum IX.C.3.c.] 4. Qualified Nonelective and Qualified Matching Accounts. In-service distributions from Qualified Nonelective and Qualified Matching Accounts will be allowed as follows: [Check applicable box (es)] a. [x] STANDARD: no distributions before separation from service. b. [ ] for financial hardship [See Section 9.2 (b)(3).] 5.
