Participant Non-Deductible Voluntary Contributions Sample Clauses

Participant Non-Deductible Voluntary Contributions. Select One
Sample 1
AutoNDA by SimpleDocs
Participant Non-Deductible Voluntary Contributions. If selected by the Employer in Section VI A of the Adoption Agreement, a Participant may make Participant Non-Deductible Voluntary Contributions to his Account in any Plan Year; provided, however, that the aggregate amount of such Participant Non-Deductible Voluntary Contributions, plus any Participant Non-Deductible Voluntary Contributions made by him under any other plan maintained by the Employer and intended to meet the requirements of Code Section 401, shall not exceed ten percent (10%) of his total compensation (disregarding any exclusions from Compensation specified by the Employer in Section III-B of the Adoption Agreement) for the period in which he has been a Participant in the Plan; provided, further, that in no event shall a Participant be permitted to makes Participant Non-Deductible Voluntary Contribution in an amount which would cause the annual addition to his Account to exceed the limitations set forth in Section 5 hereof. A Participant's Participant Non-Deductible Voluntary Contributions shall be allocated to his Participant Non-Deductible Voluntary Account pursuant to Section 7.3 hereof. A Participant may withdraw all or 5 portion of his Participant Non-Deductible Voluntary Account upon 30 days' written notice to the Administrator.
Sample 1
Participant Non-Deductible Voluntary Contributions if selected under Section VI-A of the Adoption Agreement;
Sample 1

Related to Participant Non-Deductible Voluntary Contributions

  • PARTICIPANT NONDEDUCTIBLE CONTRIBUTIONS The Plan: (Choose (a) or (b); (c) is available only with (b)) [X] (a) Does not permit Participant nondeductible contributions. [ ] (b) Permits Participant nondeductible contributions, pursuant to Section 14.04 of the Plan.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • EMPLOYEE CONTRIBUTIONS [X] (a) Participants shall be permitted to make Elective Deferrals in any amount from 1 % up to 15 % of their Compensation. If (a) is applicable, Participants shall be permitted to amend their Salary Savings Agreements to change the contribution percentage as provided below:

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (2))

Time is Money Join Law Insider Premium to draft better contracts faster.