Common use of Frequency and Eligibility Clause in Contracts

Frequency and Eligibility. Subject to the limits of the Plan and to the Administrator’s authority to limit Contributions under the Plan, for each Plan Year, the Employer may make a Special Contribution in an amount determined by the Administrator on behalf of each Non-Highly Compensated Employee Participant who is an Eligible Employee at any time during the Plan Year.

Appears in 2 contracts

Samples: 401(k) Plan (Pepsiamericas Inc/Il/), 401(k) Plan (Pepsiamericas Inc/Il/)

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Frequency and Eligibility. Subject to the limits of the Plan and to the Administrator’s authority to limit Contributions under the Plan, for each Plan Year, Year the Employer may make a Special Pay Based Contribution in an amount determined by the Administrator Employer on behalf of each Non-Highly Compensated Employee Participant who is an Eligible Employee at any time during the Plan YearParticipant.

Appears in 2 contracts

Samples: Salaried 401(k) Plan (Pepsiamericas Inc/Il/), Salaried 401(k) Plan (Pepsiamericas Inc/Il/)

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Frequency and Eligibility. Subject to the limits of the Plan and to the Administrator’s authority to limit Contributions under the Plan, for each Plan Year, Year the Employer may make a Special Contribution in an amount determined by the Administrator on behalf of each Non-Highly Compensated Employee Participant who is was an Eligible Employee at any time during the Plan Year.

Appears in 2 contracts

Samples: Salaried 401(k) Plan (Pepsiamericas Inc/Il/), Salaried 401(k) Plan (Pepsiamericas Inc/Il/)

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