Common use of EMPLOYER CONTRIBUTIONS AND ALLOCATION THEREOF Clause in Contracts

EMPLOYER CONTRIBUTIONS AND ALLOCATION THEREOF. NOTE: The Employer shall make contributions to the Plan in accordance with the formula or formulas selected below. The Employer's contribution shall be subject to the limitations contained in Articles III and X. For this purpose, a contribution for a Plan Year shall be limited for the Limitation Year which ends with or within such Plan Year. Also, the integrated allocation formulas below are for Plan Years beginning in 1989 and later. The Employer's allocation for earlier years shall be as specified in its Plan prior to amendment for the Tax Reform Act of 1986. (a) Current or Accumulated Net Profits are required for: [ ] (i) Matching Contributions. [ ] (ii) Qualified Non-Elective Contributions. [ ] (iii) Discretionary Contributions. If no answer is specified, Current or Accumulated Net Profits will not be required. NOTE: Elective Deferrals can always be contributed regardless of profits.