Common use of Non-Elective Employer Contributions Clause in Contracts

Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contribution. If a discretionary contribution is made, the Employer’s contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):

Appears in 7 contracts

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Nonstandardized Adoption Agreement (1st Constitution Bancorp), Defined Contribution Plan (ASB Bancorp Inc)

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Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contribution. If a discretionary contribution is made, the Employer’s contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):): Non-Elective Formula 1 3 Non-Elective Formula 2

Appears in 2 contracts

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Adoption Agreement (Connecticut Water Service Inc / Ct)

Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contribution. If a discretionary contribution is made, the Employer’s contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):): 401(k) NS AA #010 2121

Appears in 1 contract

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct)

Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contribution. If a discretionary contribution is made, the Employer’s contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):): Non-Elective Formula 1 Non-Elective Formula 2 1. Pro-Rata Formula: The Employer’s contribution for the Plan Year shall be allocated to each eligible Participant on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 1 contract

Samples: Adoption Agreement (Sterling Chemicals Inc)

Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contribution. If a discretionary contribution is made, the Employer’s contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):): Non-Elective Formula 1 Non-Elective Formula 2

Appears in 1 contract

Samples: Defined Contribution Plan (Savannah Bancorp Inc)

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Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contribution. If a discretionary contribution is made, the Employer’s 's contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):

Appears in 1 contract

Samples: Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contributionor fixed contribution(s). If a discretionary contribution is made, the The Employer’s contribution contribution(s) for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan)::

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan Adoption Agreement (Willis Group Holdings LTD)

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