Common use of Modified definition of Net Profits Clause in Contracts

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.]

Appears in 3 contracts

Samples: www.asc-net.com, www.asc-net.com, www.asc-net.com

AutoNDA by SimpleDocs

Modified definition of Net Profits. For purposes of this subsection (c)e., 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)(41.401(a)(4) and of the regulations thereunderregulations, and must apply uniformly to all Participants.]] [X] 21. Allocation formula for Employer Nonelective Contributions (other than QNECs): (See Section 2.3(d) of the BPD.)

Appears in 2 contracts

Samples: Mercantile Bancorp, Inc., Mercantile Bancorp, Inc.

Modified definition of Net Profits. For purposes of this subsection (c)selection f., Net Profits is defined as follows: ______ [Note: Any definition of Net Profits under this subsection (2b) must be described in a manner that precludes Employer discretion, discretion and must satisfy the nondiscrimination requirements of Code §401(a)(41.401(a)(4) and of the regulations thereunder, and must apply uniformly to all Participants.]

Appears in 2 contracts

Samples: Mercantile Bancorp, Inc., Mercantile Bancorp, Inc.

Modified definition of Net Profits. For purposes of this subsection (c)e., 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)(4Section 1.401(a)(4) and of the regulations thereunderregulations, and must apply uniformly to all Participants.]] [X] 21. Allocation formula for Employer Nonelective Contributions (other than QNECs): (See Section 2.3(d) of the BPD.)

Appears in 1 contract

Samples: Peoples Holding Co

Modified definition of Net Profits. For purposes of this subsection (c)selection f., Net Profits is defined as follows: [NoteNOTE: Any definition of Net Profits under this subsection (2b) must be described in a manner that precludes Employer discretion, discretion and must satisfy the nondiscrimination requirements of Code §401(a)(4Section 1.401(a)(4) and of the regulations thereunder, and must apply uniformly to all Participants.]

Appears in 1 contract

Samples: Books a Million Inc

AutoNDA by SimpleDocs

Modified definition of Net Profits. For purposes of this subsection (c)e., 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)(41.401(a)(4) and of the regulations thereunderregulations, and must apply uniformly to all Participants.]] [X] 21. Allocation formula for Employer Nonelective Contributions (other than QNECs): (See Section 2.3(d) of the BPD.)

Appears in 1 contract

Samples: Prudential Retirement Services (National Penn Bancshares Inc)

Modified definition of Net Profits. For purposes of this subsection (c), selection f. Net Profits is defined as follows: _____________ [Note: Any definition of Net Profits under this subsection (2b) must be described in a manner that precludes Employer discretion, discretion and must satisfy the nondiscrimination requirements of Code §401(a)(41.401(a)(4) and of the regulations thereunder, and must apply uniformly to all Participants.]

Appears in 1 contract

Samples: Prudential Retirement Services (National Penn Bancshares Inc)

Modified definition of Net Profits. For purposes of this subsection (c)selection f., Net Profits is defined as follows: [Note: Any definition of Net Profits under this subsection (2b) must be described in a manner that precludes Employer discretion, discretion and must satisfy the nondiscrimination requirements of Code §401(a)(41.401(a) and (4) of the regulations thereunder, and must apply uniformly to all Participants.]

Appears in 1 contract

Samples: Capital Corp of the West

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!