Modified definition of Net Profits. For purposes of this subsection (c), Net Profits is defined as follows: [Note: Any definition of Net Profits under this subsection (2) must be described in a manner that precludes Employer discretion, must satisfy the nondiscrimination requirements of Code §401(a)(4) and the regulations thereunder, and must apply uniformly to all Participants.]
Modified definition of Net Profits. For purposes of this subsection e., Net Profits is defined as follows: ____________________________ [NOTE: Any definition of Net Profits under this (2) must be described in a manner that precludes Employer discretion, must satisfy the nondiscrimination requirements of Section 1.401(a)(4) of the regulations, and must apply uniformly to all Participants.] [ ] 21. ALLOCATION FORMULA FOR EMPLOYER NONELECTIVE CONTRIBUTIONS (OTHER THAN QNECs): (See Section 2.3(d) of the BPD.)
