Employer Profit Sharing Contributions. An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)
Employer Profit Sharing Contributions. An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after attaining age 21 (no more than 21).
Employer Profit Sharing Contributions. For purposes of Employer Profit Sharing Contributions, does Compensation include Employer Contributions made pursuant to a salary reduction agreement which are not includible in the gross income of the Employee under any of the following Sections of the Code? (Answer "Included" or "Excluded" for each of the following items.) Section 125 (cafeteria plans) [X] Included [ ] Excluded Section 402(e)(3) (401(k) plans) [X] Included [ ] Excluded Section 402(h)(1)(B)(salary deferral SEP plans) [X] Included [ ] Excluded Section 403(b) (tax-sheltered plans) [X] Included [ ] Excluded NOTE: If a box is not checked for an item, "Included" will be deemed to be selected for that item.
Employer Profit Sharing Contributions. The Employer Profit Sharing Contribution provisions under Questions 27. and
Employer Profit Sharing Contributions. For purposes of Employer Profit Sharing Contributions, Compensation will mean all of each Participant's (Choose one):
Employer Profit Sharing Contributions. For purposes of Employer Profit Sharing Contributions, Compensation shall not include the following (Check any that apply): [ ] Bonuses [ ] Commissions [ ] Overtime [ ] Other (Specify)______________________ NOTE: No exclusions from Compensation are permitted if the integrated allocation formula in Section 11, Part B is selected.
Employer Profit Sharing Contributions. An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after attaining age 21 (no more than 21). NOTE: If any of the above items in this Section 4, Part B is left blank, it will be deemed there is no age requirement for such item. If a single Entry Date is selected in Section 4, Part F for an item, no age requirement can exceed 20 1/2 for such item.
Employer Profit Sharing Contributions. The Entry Dates for purposes of Employer Profit Sharing Contributions shall be (Choose one):
Employer Profit Sharing Contributions. For purposes of Employer Profit Sharing Contributions, Compensation shall be determined over the following applicable period (Choose one):
Employer Profit Sharing Contributions. If selected by the Employer in ------------------------------------- the Adoption Agreement, for each Plan Year, the Employer will contribute, as Employer Profit Sharing Contributions, either a fixed amount or the amount determined by it in its discretion. Employer Profit Sharing Contributions, plus any forfeitures under Section 8.02 hereof, for a Plan Year shall be allocated as of the last day of such Plan Year among the Employer Profit Sharing Contribution Accounts of eligible Participants (as determined in accordance with the Adoption Agreement), as follows:
(a) If a non-integrated formula is elected in the Adoption Agreement, such contribution and forfeitures shall be allocated to the Employer Profit Sharing Contribution Account of each eligible Participant in the ratio that each such Participant's Compensation for the Plan Year bears to the total Compensation paid to all eligible Participants for the Plan Year; and
(b) If an integrated formula is elected in the Adoption Agreement, such contributions and forfeitures shall be allocated in the following steps:
(i) First, Employer Profit Sharing Contributions and lbrfeitures will be allocated to the Employer Profit Sharing Contribution Account of each eligible Participant in the ratio that the sum of each such Participant's Compensation and Compensation in excess of the Integration Level for the Plan Year bears to the sum of Compensation and Compensation in excess of the Integration Level for all such eligible Participants for the Plan Year, provided that the amount so credited to any such Participant's Employer Profit Sharing Contribution Account for the Plan Year shall not exceed the product of the Integration Rate times the sum of the Participant's Compensation and Compensation in excess of the Integration Level for the Plan Year. For purposes of this step, in the case of any Participant who has exceeded the cumulative permitted disparity limit described below, two times such Participant's Compensation for the Plan Year will be taken into account.
(ii) Next, any remaining Employer Profit Sharing Contributions and forfeitures will be allocated to the Employer Profit Sharing Contribution Account of each eligible Participant in the ratio that each such Participant's Compensation for the Plan Year bears to the total Compensation paid to all eligible Participants for the Plan Year.
(c) Overall permitted disparity limits. ----------------------------------
(i) Annual overall permitted disparity limit: Notwit...
