Employer Basic Contributions. The Employer may elect to make regular basic contributions under the Plan. Such basic contributions on behalf of any Member shall not be conditioned upon the Member making after-tax contributions and/or (401(k) deferrals under this Article III. If so adopted, the Employer shall contribute to the Plan on behalf of each Member (as specified by the Employer in the Adoption Agreement) an amount equal to a percentage not to exceed 15% (as specified by the Employer in the Adoption Agreement) in increments of 1% of the Member's Salary. The percentage elected by the Employer shall be uniformly applicable to all Members. The Employer may elect, if basic contributions are made on behalf of its Members on a monthly basis, to restrict the allocation of such basic contribution to those Members who were employed with the Employer on the last day of the month for which the basic contribution is made.
Employer Basic Contributions. The Employer may elect to make regular basic contributions under the Plan. Such basic contributions on behalf of any Member shall not be conditioned upon the Member making after-tax contributions and/or (401(k) deferrals under this Article III. If so adopted, the Employer shall contribute to the Plan on behalf of each Member (as specified by the Employer in the Adoption Agreement) an amount equal to a percentage not to exceed 15% (as specified by the Employer in the Adoption Agreement) in increments of 1% of the
Employer Basic Contributions. Those contributions to the Plan, as authorized in the Joinder Agreement, made pursuant to ss.4.01 of this Part B - Basic Provisions, allocated to the Accounts of Participants pursuant to Schedule B.
Employer Basic Contributions. 16 Section 7 Supplemental Contributions by Employer................................... 16 Section 8 The Profit Sharing Feature............................................... 17 Section 9 The 401(k) Feature....................................................... 19 Section 10 Determining the Actual Deferral Percentages.............................. 21 Section 11 Determining the Actual Contribution Percentages.......................... 23 Section 12 The Aggregate Limit Test................................................. 26 Section 13
Employer Basic Contributions. Regardless of whether an Eligible Employee elects to make Employee Elective Contributions, each pay period the Employer will contribute to the Plan on behalf of the Eligible Employee an amount equal to three percent of the Eligible Employee’s Compensation. In addition, regardless of whether an Eligible Employee elects to make Employee Elective Contributions, if the Eligible Employee is employed by the Employer on the last day of the Plan Year, the Employer will contribute to the Plan an amount equal to two percent of the Eligible Employee’s Compensation if PFPC Inc. achieves financial results in excess of 135 percent of its announced target for the Plan Year. The Plan Manager shall rely on representations of the management of PFPC Inc. regarding its financial results with no duty of further inquiry. If the Eligible Employee is not employed by the Employer on the last day of the Plan Year due to death, Disability or Retirement, the two percent contribution still will be made on the Eligible Employee’s behalf. If the Eligible Employee is not employed by the Employer on the last day of the Plan Year, but is employed by a Related Entity on the last day of the Plan Year, the two percent contribution still will be made on the Eligible Employee’s behalf, but only with respect to the Eligible Employee’s Compensation received from the Employer. If the Eligible Employee becomes a member of a collective bargaining unit that does not participate in the Plan, then unless the collective bargaining agreement provides otherwise, the two percent contribution still will be made on the Eligible Employee’s behalf, but only with respect to the Eligible Employee’s Compensation received from the Employer prior to the date the Eligible Employee becomes a member of the collective bargaining unit.
Employer Basic Contributions
