Common use of Modifications to Compensation Clause in Contracts

Modifications to Compensation. For purposes of the Plan, unless defined elsewhere, a Participant's Compensation shall (No exclusions permitted for section 414(s) safe harbor compensation.): Exclude compensation that is: ☐ a. overtime ☐ b. commissions ☐ c. discretionary bonuses ☐ d. bonuses ☐ e. taxable employee benefits ☐ x.xx excess of $ ☐ g. other exclusion - Specify: . (Cannot discriminate in favor of Highly Compensated Employees.)

Modifications to Compensation. For purposes of the Plan, unless defined elsewhere, a Participant's Compensation shall (No exclusions permitted for Code section 414(s) safe harbor compensation.): Exclude compensation that is: ☐ a. overtime ☐ b. commissions ☐ c. discretionary bonuses ☐ d. bonuses ☐ e. taxable employee benefits ☐ x.xx f. in excess of $ $_____ ☐ g. other exclusion - Specify: . ________________________________________ (Cannot discriminate in favor of Highly Compensated EmployeesEmployees and cannot involve any Employer Discretion.)

Modifications to Compensation. For purposes of the Plan, unless defined elsewhere, a Participant's Compensation shall (No exclusions permitted for Code section 414(s) safe harbor compensation.): Exclude compensation that is: ☐ a. overtime ☐ b. commissions ☐ c. discretionary bonuses ☐ d. bonuses ☐ e. taxable employee benefits ☐ x.xx f. in excess of $ _____ ☐ g. other exclusion - Specify: . (Cannot discriminate in favor of Highly Compensated EmployeesEmployees and cannot involve any Employer Discretion.)

Modifications to Compensation. For purposes of the Plan, unless defined elsewhere, a Participant's Compensation shall (No exclusions permitted for Code section 414(s) safe harbor compensation.): Exclude compensation that is: ☐ a. overtime ☐ b. commissions ☐ c. discretionary bonuses ☐ d. bonuses ☐ e. taxable employee benefits ☐ x.xx f. in excess of $ $_____ ☐ g. other exclusion - Specify: . (Cannot discriminate in favor of Highly Compensated Employees.)

Modifications to Compensation. For purposes of the Plan, unless defined elsewhere, a Participant's Compensation shall (No exclusions permitted for section 414(s) safe harbor compensation.): Exclude compensation that is: ☐ a. overtime ☐ b. commissions ☐ c. discretionary bonuses ☐ d. bonuses ☐ e. taxable employee benefits ☐ x.xx f. in excess of $ ☐ g. other exclusion - Specify: . (Cannot discriminate in favor of Highly Compensated Employees.)) SAMPLE