Limitations on Safe Harbor Matching Contributions. If a Safe Harbor Matching Contribution is made to the Plan: o a. The Employer elects to make Safe Harbor Matching Contributions on an annual basis. o b. The Employer elects to match actual Elective Deferrals made: o i. on a payroll basis [Plan defaults to this election]. o ii. on a monthly basis. o iii. on a Plan Year quarterly basis.
Appears in 2 contracts
Samples: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc)
Limitations on Safe Harbor Matching Contributions. If a Safe Harbor Matching Contribution is made to the Plan:
o a. The Employer elects to make match Safe Harbor Matching Contributions on an annual basis.
o þ b. The Employer elects to match actual Elective Deferrals made:
o þ i. on a payroll basis [Plan defaults to this election].
o ii. on a monthly basis. o iii. on a Plan Year quarterly basis.
Appears in 1 contract
Limitations on Safe Harbor Matching Contributions. If a Safe Harbor Matching Contribution is made to the Plan:
o a. The Employer elects to make match Safe Harbor Matching Contributions on an annual basis.
o b. The Employer elects to match actual Elective Deferrals made:
o i. on a payroll basis [Plan defaults to this election].
o ii. on a monthly basis. o iii. on a Plan Year quarterly basis.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp)
Limitations on Safe Harbor Matching Contributions. If a Safe Harbor safe harbor Matching Contribution is made to the Plan:
o a. The Employer elects to make Safe Harbor safe harbor Matching Contributions on an annual basis.
o þ b. The Employer elects to match actual annual Elective Deferrals Deferrals, Catch-up Contributions and Voluntary After-Tax Contributions made:
o i. : þ on a payroll basis [Plan defaults to this electionthis].
. o ii. on a monthly basis. o iii. on a Plan Year quarterly basis. o The Employer elects to true up safe harbor Matching Contributions made to the Plan on the above basis.
Appears in 1 contract
Limitations on Safe Harbor Matching Contributions. If a Safe Harbor Matching Contribution is made to the Plan:
o a. The Employer elects to make Safe Harbor Matching Contributions on an annual basis.
o b. The Employer elects to match actual Elective Deferrals made:
o i. on a payroll basis [Plan defaults to this election].
o . ii. on a monthly basis. o iii. on a Plan Year quarterly basis.
Appears in 1 contract
Samples: Adoption Agreement for Cash or Deferred Profit Sharing Plan (BBCN Bancorp Inc)
