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: 401(k) Plan Adoption Agreement, Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement, 401(k) Plan Adoption Agreement
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: 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), 401(k) Plan Adoption Agreement (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)(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: 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)
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: 401(k) Plan Adoption Agreement (Books a Million 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: 401(k) Plan Adoption Agreement (Peoples Holding Co)
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: Defined Contribution Plan and Trust (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: Defined Contribution Plan and Trust (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: Profit Sharing/401(k) Plan Adoption Agreement (Capital Corp of the West)