Common use of Minimum Benefits Clause in Contracts

Minimum Benefits. Employer matching contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of Code Section 416(c)(2) and the Plan. The preceding sentence shall apply with respect to matching contributions under the Plan or, if the Plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Code Section 401(m).

Appears in 2 contracts

Samples: Adoption Agreement (Ottawa Savings Bancorp, Inc.), Exhibit 10 (Atlantic Coast Federal Corp)

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Minimum Benefits. Employer matching contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of Code Section 416(c)(2) of the Code and the Plan. The preceding sentence shall apply with respect to matching contributions under the Plan or, if the Plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage Actual Contribution Percentage test and other requirements of Code Section 401(m)) of the Code.

Appears in 1 contract

Samples: Corvas International Inc

Minimum Benefits. (a) Matching contributions. Employer matching contributions contributions, if applicable, shall be taken into account for purposes of satisfying the minimum contribution requirements of Code Section section 416(c)(2) of the Code and the Planplan. The preceding sentence shall apply with respect to matching contributions under the Plan plan or, if the Plan plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Code Section section 401(m)) of the Code.

Appears in 1 contract

Samples: www.healthscopebenefits.com

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Minimum Benefits. (a) Matching contributions. Employer matching contributions contributions, if applicable, shall be taken into account for purposes of satisfying the minimum contribution requirements of Code Section 416(c)(2) of the Code and the Planplan. The preceding sentence shall apply with respect to matching contributions under the Plan plan or, if the Plan plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Code Section 401(m)) of the Code.

Appears in 1 contract

Samples: www.healthscopebenefits.com

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