Common use of Participants Eligible for Employer Contribution Allocation Clause in Contracts

Participants Eligible for Employer Contribution Allocation. The following Participants shall be eligible for an allocation to their Employer Contributions Account (select all those applicable): (1) Any Participant who was employed during the Plan Year. (2) In the case of a Plan using the hourly record method for determining Vesting Service, any Participant who was credited with a Year of Service during the Plan Year. [X] (3) Any Participant who was employed on the last day of the Plan Year.

Appears in 3 contracts

Samples: Prototype Defined Contribution Plan Adoption Agreement (Prentiss Properties Trust/Md), Prototype Defined Contribution Plan Adoption Agreement (Tca Cable Tv Inc), 401(k) Plan Adoption Agreement (Good Guys Inc)

AutoNDA by SimpleDocs

Participants Eligible for Employer Contribution Allocation. The following Participants shall be eligible for an allocation to their Employer Contributions Account (select all those applicable): (1) Any Participant who was employed during the Plan Year.. / / (2) In the case of a Plan using the hourly record method for determining Vesting Service, any Participant who was credited with a Year of Service during the Plan Year. [X] (3/ /(3) Any Participant who was employed on the last day of the Plan Year.. / /

Appears in 1 contract

Samples: Prototype Defined Contribution Plan Adoption Agreement (Media 100 Inc)

AutoNDA by SimpleDocs

Participants Eligible for Employer Contribution Allocation. The following Participants shall be eligible for an allocation to their Employer Contributions Account (select all those applicable): (1) Any Participant who was employed during the Plan Year. (2) In the case of a Plan using the hourly record method for determining Vesting Service, any Participant who was credited with a Year of Service during the Plan Year. [X] /X/ (3) Any Participant who was employed on the last day of the Plan Year.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Sterling Financial Corp /Wa/)

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