Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one):
(a) 100% vesting immediately upon participation.
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-Sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one): 401(K) AND/ OR PROFIT SHARING THRIFT CONTRIBUTION CONTRIBUTION
(a) 100% vesting immediately upon participation.
(b) 100% after -------- (not more than 5) years of Vesting Service. |X| |X| (c) Graded vesting schedule: 20% 20% after 1 year of Vesting Service; 40% 40% after 2 years of Vesting Service; 60% 60% (not less than 20%) after 3 years of Vesting Service; 80% 80% (not less than 40%) after 4 years of Vesting Service; 100% 100% (not less than 60%) after 5 years of Vesting Service; 100% 100% (not less than 80%) after 6 years of Vesting Service; 100% after 7 years of Vesting Service.
(2) Top Heavy Plan 401(K) AND/ OR PROFIT SHARING THRIFT CONTRIBUTION CONTRIBUTION Vesting Schedule (Select one):
(a) 100% vesting immediately upon participation.
(b) 100% after --------- (not more than 3 years of Vesting Service. |X| |X| (c) Graded vesting schedule: 20% 20% after 1 year of Vesting Service; 40% 40% (not less than 20%) after 2 years of Vesting Service; 60% 60% (not less than 40%) after 3 years of Vesting Service; 80% 80% (not less than 60%) after 4 years of Vesting Service; 100% 100% (not less than 80%) after 5 years of Vesting Service; 100% after 6 years of Vesting Service.
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-Sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one):
(a) 100% vesting immediately upon participation. [ ] [ ] (b) 100% after ____ (not more than 5) years of Vesting Service. [X] [ ] (c) Graded vesting schedule: 20% ___ % after 1 year of Vesting Service; 40% ___ % after 2 years of Vesting Service; 60% ___ % (not less than 20%) after 3 years of Vesting Service; 80% ___ % (not less than 40%) after 4 years of Vesting Service; 100% ___ % (not less than 60%) after 5 years of Vesting Service; 100% ___ % (not less than 80%) after 6 years of Vesting Service; 100% after 7 years of Vesting Service.
(2) Top Heavy Plan Matching 401(k) and/or Matching Thrift Profit-Sharing Contributions Contributions ------------- ------------- Vesting Schedule (Select one):
(a) 100% vesting immediately upon participation. [ ] [ ] (b) 100% after ________ (not more than 3) years of Vesting Service. [X] [ ]
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Profit-Sharing Contributions, Matching 401(k) Contributions and/or Matching Thrift Contributions, if applicable, in accordance with the following schedule (Select one): Matching 401(k) and/or Matching Profit-Sharing Thrift contributions Contributions -------------------- ------------- |X| |X| (a) 100% vesting immediately upon participation. |_| |_| (b) 100% after _____ (not more than 5) years of Vesting Service.
Employer Contribution Accounts. Each Participant’s Employer Contribution Account shall be further subdivided into the following two Accounts:
Employer Contribution Accounts. (1) A Participant shall have a vested percentage in his or her Matching Contribution and Profit Sharing Contribution Account(s), if applicable, in accordance with the following schedule (select one for each column as applicable): ¨ ¨ (a ) 100% vesting immediately upon participation. ¨ (b ) 100% after ____ (not more than 3) years of Vesting Service. ¨ (c ) 100% after ____ (not more than 5) years of Vesting Service. þ þ (d ) Graded vesting schedule: 0% 0% immediately upon participation; 20% 20% after 1 year of Vesting Service; 40% 40% after 2 years of Vesting Service; 60% 60% after 3 years of Vesting Service; 80% 80% after 4 years of Vesting Service; 100 % 100% after 5 years of Vesting Service; 100% 100% after 6 years of Vesting Service; 100% 100% after 7 years of Vesting Service;
(1) (b) or a “2-to-6- year graded vesting schedule” in A. (1)(d) and (2) Profit Sharing Contributions must satisfy either a 5-year cliff vesting schedule in A. (1)(c) or a “3-to-7- year graded vesting schedule” in A. (1)(d). See
Employer Contribution Accounts. The Trustees shall establish a separate Employer Contribution Account for each Participant for each Adoption Agreement completed in connection with this Basic Plan Document. A Participant's share of Employer contributions, forfeitures and mandatory Employee contributions determined in accordance with Sections 6.01 and 6.02 shall be allocated to each such Account. Except as provided in Subsection (b), all Participants' Employer Contribution Accounts shall be held as a single, commingled fund except for life insurance and individual annuity contracts.
Employer Contribution Accounts. The portion of a Participant's Account consisting of his Employer Matching Contributions, Discretionary Profit Sharing Contributions, Qualified Nonelective Contributions, Qualified Matching Contributions, Safe Harbor Matching Contributions, Safe Harbor Nonelective Contributions and ACP Test Only Safe Harbor Matching Contributions subaccounts.
Employer Contribution Accounts. The Safe Harbor Method CODA provisions of Section 3.16 of the Base Plan Document shall:
(1) A Participant shall have a vested percentage in his or her Matching Contribution and Profit Sharing Contribution Account(s), if applicable, in accordance with the following schedule (select one for each column as applicable):
Employer Contribution Accounts. The portion of a Participant's Accrued Benefit consisting of his Employer Matching Contributions Account and his Discretionary Employer Contributions Account.
