Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of each Employee Participant in an amount determined as described below:
Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of each Participant in an amount determined as described below (check at least one):
(A) ¨ In an amount equal to % of each Participant’s Compensation each Plan Year.
(B) ¨ In an amount determined and allocated as described below:
(C) ¨ In an amount equal to (check at least one):
(i.) ¨ Any profit sharing contribution that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 401(a)(17):
(ii.) ¨ Any contribution described in Code Section 401(m) that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 401(a)(17):
Fixed Employer Contributions. The Employer shall contribute on behalf of each Participant % of Earnings or $ for the Plan Year (subject to the limitations of Article V of the Plan). Mandatory Participant Contributions [ ] are required [ ] are not required to be eligible for this Employer Contribution.
Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of each Director Participant in an amount determined as described below: _________________________________________________________________
Fixed Employer Contributions. The Employer shall make an Employer Contribution in accordance with the following (check at least one):
(A) |_| to all Participants in an amount equal to ___% of each Participant's Compensation each Plan Year.
(B) |X| to those Participants listed on Attachment A-3 in the amounts determined and allocated as set forth on Attachment D hereto.
(C) |_| In an amount equal to (check at least one):
(i) |_| Any profit sharing contribution that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 410(a)(17): __________________________________________________
(ii) |_| Any contribution described in Code Section 401(m) that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 401(a)(17): __________________________________________________
Fixed Employer Contributions. Discretionary Employer Contributions
Fixed Employer Contributions o a. of each Participant’s Compensation. o b. $ to each Participant.
Fixed Employer Contributions. (Select either (A) or (B) in each of (i) and (ii)):
(i) Contribution Formula:
Fixed Employer Contributions. The Employer shall make an Employer Contribution on behalf of each Participant in an amount determined as described below (check at least one):
(A) ¨In an amount equal to % of each Participant’s Compensation each Plan Year.
(B) ¨In an amount determined and allocated as described below:
(C) ¨In an amount equal to (check at least one):
(i.) ¨Any profit sharing contribution that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 401(a)(17):
(ii.) ¨Any contribution described in Code Section 401(m) that the Employer would have made on behalf of the Participant under the following qualified defined contribution plan but for the limitations imposed by Code Section 401(a)(17):
Fixed Employer Contributions. ☒ The Employer will make Fixed Employer Contributions to the Plan, Fixed Employer Contributions will be in addition to Safe Harbor Nonelective Contributions, if any. Fixed Employer Contributions will be made on behalf of all Participants who satisfy one or more of the following requirements: ☐ no requirements ☐ are Non-Highly Compensated Employees ☐ complete 1,000 Hours of Employment during the Plan Year ☐ complete 501 Hours of Employment during the Plan Year ☐ complete _________ (not to exceed 1,000) Hours of Employment during the Plan Year ☐ are in the employ of the Employer on the last day of the Plan Year ☐ terminate employment on or after Early (if applicable) or Normal Retirement Date ☐ die during the Plan Year ☐ become Disabled during the Plan Year (if the Plan provides a Disability Retirement Date definition) ☐ are in the employ of the Employer on the last day of the Plan Year or complete(not to exceed 1,000) Hours of Employment during the Plan Year ☒ other: A one-time 2018 contribution will be made on behalf of Participants who did not receive a discretionary profit sharing contribution under Section III.B.6 for the Plan Year ending in 2017 solely because they had not completed the initial one Year of Eligibility Service requirement applicable to the 2017 discretionary profit sharing contribution, Each such Participant shall be referred to herein as a “Fixed Contribution Participant”, In general, this one-time contribution shall be determined by calculating the discretionary profit sharing contribution that each Fixed Contribution Participant would have received for 2017 if the service eligibility requirement had not been in effect. For the avoidance of doubt, in order to be eligible to receive this one-time contribution, a Participant must (i) be employed on the last day of the 2017 Plan Year and have completed 1,000 Hours of Employment during the 2017 Plan Year, and (ii) be employed on the date the contribution is funded in 2018.
