Employer Discretionary Contributions. 22 4.4 401(k) Cash or Deferred Arrangements ("CODA")/Thrift Contributions . . . . . . . . . . . . . . . . . . . . . . 25 4.5 Maximum Amount of Elective Deferrals. . . . . . . . . . . 28 4.6
Employer Discretionary Contributions. The following provisions shall apply if the Employer has elected in the Adoption Agreement to make Employer Discretionary Contributions.
Employer Discretionary Contributions. The Employer reserves the right to make discretionary contributions to some or all Participants’ Accounts in such amount and in such manner as may be determined by the Employer. Such Employer Discretionary Contribution, at the option of the Employer, in accounts established by the Administrator. The Employer, in its sole discretion, may determine which account will be credited with each Employer Discretionary Contribution. In the event the Employer does not designate which Participant account shall be credited, such Employer Discretionary Contributions shall be credited to the Participant’s Retirement account. Employer Discretionary Contributions, if any, shall be credited to a Participant’s Account, and if applicable transferred to the Trust, at such time as the Employer shall determine.
Employer Discretionary Contributions. For each Plan Year, the Employer may contribute to the Trust, as an Employer Discretionary Contribution, an additional amount as determined in its discretion.
Employer Discretionary Contributions. The Employer may make Employer Discretionary Contributions to the Account on a Participant’s behalf if allowed by the Custodian, and pursuant to the terms of the Plan.
Employer Discretionary Contributions. 3.1 Employer discretionary contributions will be allocated in the following manner:
(a) Nonintegrated Allocation Formula. If a nonintegrated formula is specified in the Adoption Agreement, the allocation will be made to the Participant’s SEP-XXX in the same ratio that the Participant’s Compensation bears to all Participants’ Compensation for that year. The amount allocated to each Participant’s SEP-XXX will be limited to the lesser of 25% of the Participant’s Compensation or $40,000, as adjusted under Code Section 415(d). For purposes of the 25% limit described in the preceding sentence, a Participant’s Compensation does not include any elective deferral described in Code Section 402(g)(3) or any amount that is contributed by the Employer at the election of the Participant and that is not includible in the gross income of the Participant under Code Sections 125, 132(f)(4) or 457.
Employer Discretionary Contributions. (May not exceed 100% of Compensation unless a lower maximum percentage is noted below.) [X] No Discretionary Contributions [--] Discretionary Contributions as determined each year by the Employer using the following Allocation Formula: [--] Pro-Rata Based on Compensation Each Participant is credited with a portion of the Employer Contribution for the Plan Year equal to the ratio that the Participant’s Compensation for the Plan Year bears to all Participants’ Compensation for the Plan Year [--] Fixed Dollar Formula Each Participant shall be credited with an equal dollar amount [--] Discretionary Contributions allocated based on Points [--] Other Formula for Discretionary Contributions (See Additional Provisions Addendum) Discretionary Contributions shall be made: [--] On a payroll basis [--] On a monthly [--] On a quarterly basis [--] On an annual basis [--] Other remittance period for Discretionary Contributions: (must be at least annual)
Employer Discretionary Contributions. Each Employer may, but is not required to, credit as an Employer Discretionary Contribution to the Employer Discretionary Contribution Account of each Participant employed by the Employer on the last day of a Plan Year such amount, if any, as the Board of Directors of the Employer shall determine in its sole discretion, taking into consideration such factors as the Participant’s prior service, job responsibilities and performance, and the Employer’s success in meeting its financial goals. The amount of the Employer Discretionary Contribution for a Plan Year, if any shall be communicated to Participants employed by the Employer and shall be credited to the Account of Participants as soon as reasonably practicable following the end of a Plan Year or at such other time or frequency as determined by the Plan Administrator.
Employer Discretionary Contributions. Contributions made to the Plan by the Employer pursuant to Section 3.4.
Employer Discretionary Contributions. For each Plan Year, the Employer may contribute to the Trust, as an Employer Discretionary Contribution, an additional amount as determined in its discretion. Employer Discretionary Contributions shall be made in shares of Company Stock. The shares of Company Stock that are so contributed shall be valued at the closing price of such stock on the New York Stock Exchange, Inc. as reported by The Wall Street Journal in the New York Stock Exchange Composite Transactions for the last day of the Plan Year for which the contribution is made (or the next preceding regular business date if the last day of such Plan Year is not a regular business date).
