NONELECTIVE EMPLOYER CONTRIBUTIONS. If (a) or (b) is elected below, the Employer may make Nonelective Employer Contributions on behalf of each of its “eligible” Participants in accordance with the provisions of this Section 1.12. Except as otherwise defined in this Adoption Agreement pertaining to Nonelective Employer Contributions, for purposes of this Section 1.12, an “eligible” Participant means a Participant who is an Active Participant during the Contribution Period and who satisfies the requirements of Subsection 1.12(d) or Section 1.13.
NONELECTIVE EMPLOYER CONTRIBUTIONS. If so provided by the Employer in Subsection 1.12(a) and/or (b) of the Adoption Agreement, the Employer shall make Nonelective Employer Contributions to the Trust in accordance with Section 1.12 of the Adoption Agreement to be allocated among “eligible” Participants as indicated therein. Nonelective Employer Contributions shall be allocated as follows:
(a) If the Employer has elected a fixed contribution formula, Nonelective Employer Contributions shall be allocated among “eligible” Participants in the manner specified in Section 1.12 of the Adoption Agreement or the 401(k) Safe Harbor Nonelective Employer Contributions Addendum to the Adoption Agreement, as applicable.
(b) If the Employer has elected a discretionary contribution amount, Nonelective Employer Contributions shall be allocated among “eligible” Participants, as determined in accordance with Section 1.12 of the Adoption Agreement, as follows:
(1) If the non-integrated formula is elected in Subsection 1.12(b)(1) of the Adoption Agreement, Nonelective Employer Contributions shall be allocated to “eligible” Participants in the ratio that each “eligible” Participant’s Compensation bears to the total Compensation paid to all “eligible” Participants for the Contribution Period.
(2) If the integrated formula is elected in Subsection 1.12(b)(2) of the Adoption Agreement, Nonelective Employer Contributions shall be allocated in the following steps:
(A) First, to each “eligible” Participant in the same ratio that the sum of the “eligible” Participant’s Compensation and “excess Compensation” for the Plan Year bears to the sum of the Compensation and “excess Compensation” of all “eligible” Participants for the Plan Year. This allocation as a percentage of the sum of each “eligible” Participant’s Compensation and “excess Compensation” shall not exceed the “permitted disparity limit”, as defined in Section 1.12 of the Adoption Agreement. Notwithstanding the foregoing, if in any Plan Year an “eligible” Participant has reached the “cumulative permitted disparity limit”, such “eligible” Participant shall receive an allocation under this Subsection 5.10(b)(2)(A) based on two times his Compensation for the Plan Year, rather than the sum of his Compensation and “excess Compensation” for the Plan Year. If an “eligible” Participant did not benefit under a qualified defined benefit plan or target benefit plan for any Plan Year beginning on or after January 1, 1994, the “eligible” Participant shall have no “cumulative...
NONELECTIVE EMPLOYER CONTRIBUTIONS. If the Employer elects to provide for Nonelective Contributions to a Profit Sharing Plan or 401(k) Plan (or if Section 3.04(C)(2) applies), or the Plan is a Money Purchase Pension Plan or a Target Benefit Plan, the Plan Administrator will apply the provisions of this Section 3.04.
NONELECTIVE EMPLOYER CONTRIBUTIONS. If the Employer so elects in the Adoption Agreement, the Employer may make Nonelective Employer Contributions under this Plan. The amount of such Nonelective Employer Contributions shall be equal to the amount specified in the Adoption Agreement.
NONELECTIVE EMPLOYER CONTRIBUTIONS. Note: An Employer may elect both a fixed formula and a discretionary formula. If both are selected, the discretionary formula shall be treated as an additional Nonelective Employer Contribution and allocated separately in accordance with the allocation formula selected by the Employer.
NONELECTIVE EMPLOYER CONTRIBUTIONS. A former Nonelective Contribution Participant who is reemployed as an Employee shall again become a Nonelective Contribution Participant and a Member (if he is not otherwise a Member under the Plan) upon satisfaction of the requirements of Subsection (1)(a) of Section 2.6.
NONELECTIVE EMPLOYER CONTRIBUTIONS. An Employee who transfers from non-covered employment with the Controlled Group to employment as a Covered Employee shall become a Nonelective Contribution Participant and a Member (if he is not otherwise a Member under the Plan) upon satisfaction of the requirements of Subsection (1) of Section 2.6.
NONELECTIVE EMPLOYER CONTRIBUTIONS. (Article 8.1 of the Plan). A Participant shall be 100% vested upon Death, Disability, Retirement Age or Plan Termination. Nonelective Employer Contributions shall vest in accordance with the following schedule (default to Matching Contribution Vesting Schedule if nothing checked):
(a) Not applicable. No Nonelective Employer Contributions. x (b) 100 percent vesting immediately. ¨ (c) 3 year cliff: Percentage Years of Service 0 percent 0-2 100 percent 3 ¨ (d) 5 year cliff: Percentage Years of Service 0 percent 0-4 100 percent 5 ¨ (e) 6 year graded: Percentage Years of Service 20 percent 2 40 percent 3 60 percent 4 80 percent 5 100 percent 6 ¨ (f) 7 year graded: Percentage Years of Service 20 percent 3 40 percent 4 60 percent 5 80 percent 6 100 percent 7 ¨ (g) Other .
NONELECTIVE EMPLOYER CONTRIBUTIONS. (Note any Employer contribution will reduce, dollar for dollar, the amount a Participant can contribute.)
1. [X] The Employer will not make any nonelective employer contributions to the Plan.
2. [ ] The Employer will make nonelective employer contributions to the Plan. Such contributions are vested at 100% upon contribution to the plan for the following Eligible Employees: (Complete Box a, b or c.)
a. [ ] all Eligible Employees checked in Section D. above and for the following amount $ .
b. [ ] only the following class(es) of Eligible Employees and amounts set forth below:
c. [ ] to Eligible Employees selected by the employer in its sole discretion and in such amounts as the Employer may determine at its sole discretion.
3. Employees designated as eligible to receive nonelective employer contributions [ ] are [ ] are not required to complete enrollment forms in order to receive such contributions.
NONELECTIVE EMPLOYER CONTRIBUTIONS. If the Adoption Agreement provides that the Plan is a safe harbor 401(k)/profit sharing plan, the Employer shall make a Nonelective Employer contribution for each Eligible Participant (as defined in Section 4.2) for the Plan Year in the amount of
