Excludable Employees. If the Employer so elects in Item 2B of the Adoption Agreement, Employees who are not reasonably expected to earn at least the amount of Compensation stated in Item 2B(i) of the Adoption Agreement (not to exceed $5,000) from the Employer during the Plan Year for which the contribution is being made and Employees who have not earned at least the amount of Compensation stated in Item 2B(ii) of the Adoption Agreement (not to exceed $5,000) from the Employer during any of the number of prior calendar years stated in Item 2B(ii) of the Adoption Agreement (not to exceed two calendar years) shall be excluded from eligibility.
Appears in 5 contracts
Samples: Fidelity Simple Ira Plan (Fidelity Aberdeen Street Trust), Simple Ira Plan Agreement, Simple Ira Plan Agreement
Excludable Employees. If the Employer so elects in Item 2B of the Adoption Agreement, Employees who are not reasonably expected to earn at least the amount of Compensation stated in Item 2B(i) of the Adoption Agreement (not to exceed $5,000) from the Employer during the Plan Year for which the contribution is being made and Employees who have not earned at least the amount of Compensation stated in Item 2B(ii) of the Adoption Agreement (not to exceed $5,000) from the Employer during any of the number of prior calendar years stated in Item 2B(ii) of the Adoption Agreement (not to exceed two calendar years) shall be excluded from eligibility.the
Appears in 1 contract
Samples: Simple Ira Plan Agreement
