Common use of ¨   Mandatory Years/Periods of Service Formula Clause in Contracts

¨   Mandatory Years/Periods of Service Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the Matching percentage indicated below of each Benefiting Participant’s Elective Deferrals based on the Benefiting Participant’s < ¨ 1-Year Periods of Service > < ¨ Years of Service, and a Year of Service for purposes of this Section is a Plan Year in which a Participant is credited with (max. 1,000) Hours of Service >, subject to any limitations indicated below. (check each tier that applies) to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation >

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc), 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

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¨   Mandatory Years/Periods of Service Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the Matching percentage indicated below of each Benefiting Participant’s Elective Deferrals based on the Benefiting Participant’s < ¨ 1-Year Periods of Service > < ¨ Years of Service, and a Year of Service for purposes of this Section is a Plan Year in which a Participant is credited with (max. 1,000) Hours of Service >, subject to any limitations indicated below. (check each tier that applies) to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation >

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

¨   Mandatory Years/Periods of Service Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the Matching percentage indicated below of each Benefiting Participant’s Elective Deferrals based on the Benefiting Participant’s < ¨ 1-Year Periods of Service > < ¨ Years of Service, and a Year of Service for purposes of this Section is a Plan Year in which a Participant is credited with (max. 1,000) 1,000)k Hours of Service >, subject to any limitations indicated below. (check each tier that applies) to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation >

Appears in 1 contract

Samples: 401(k) Adoption Agreement (Pacific Capital Bancorp /Ca/)

¨   Mandatory Years/Periods of Service Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the Matching percentage indicated below of each Benefiting Participant’s Elective Deferrals based on the Benefiting Participant’s < ¨ 1-Year Periods of Service > < ¨ Years of Service, and a Year of Service for purposes of this Section is a Plan Year in which a Participant is credited with (max. 1,000max.1,000) Hours of Service >, subject to any limitations indicated below. (check each tier that applies) to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation >

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Western Digital Corp)

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¨   Mandatory Years/Periods of Service Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the Matching percentage indicated below of each Benefiting Participant’s Elective Deferrals based on the Benefiting Participant’s < ¨ 1-Year Periods of Service > < ¨ Years of Service, and a Year of Service for purposes of this Section is a Plan Year in which a Participant is credited with (max. 1,000) Hours of Service >, subject to any limitations indicated below. (check each tier that applies) Years/Periods of Service Matching % to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation > to % < ¨ up to $ > < ¨ up to % of Compensation >

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

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