Profit Sharing Contributions Sample Clauses

Profit Sharing Contributions. Forfeitures of Profit Sharing Contributions will be used as follows (check (a) or (b)): (a) Applied to reduce the following contributions required of the Employer (check (i) and/or (ii)): / / (i) Profit Sharing Contributions / / (ii) Employer Matching Contributions /X/ (b) Reallocated as additional Profit Sharing Contributions

Profit Sharing Contributions. To become eligible, an employee ----------------------------- must complete (choose one): (a) No minimum service required. (b) One 6-month Eligibility Period (c) One _____-month Eligibility Period (must be less than 12) [X] (d) One 12-month Eligibility Period (a) to provide for 100% full and immediate vesting of Profit Sharing Contributions)

Profit Sharing Contributions. The Profit Sharing Contributions shall be (select one): (1) an amount, if any, as determined by the Employer, for each Participant eligible to share in the allocation for a Plan Year. ¨ (2) ______% of the Plan Compensation of each Participant eligible to share in the allocation for a Plan Year.

Profit Sharing Contributions. Compensation for the purposes of determining the amount and allocation of Profit Sharing Contributions shall be determined as follows (choose either (a) or (b), and (c) and/or (d), as applicable). N/A [ ] (a) Compensation will include Form W-2 earnings as defined in Section 2.8 of the Plan. [ ] (b) Compensation will include all compensation included in the definition of Code Section 415 Compensation in Section 6.5(b) of the Plan.

Profit Sharing Contributions. If the Plan is a Profit-Sharing Plan, an Employer contribution to the Trust Fund shall be made in cash (except that in lieu of cash: (A) all or part of the contribution may be made in the form of unencumbered Qualifying Employer Securities if the contribution is discretionary, or (B) all or part of the contribution may be made in the form of Qualifying Employer Securities if, to the extent applicable, the requirements of ERISA Section 408(e) are satisfied) and in such amount, if any, as specified in the Adoption Agreement and, with respect to Qualifying Employer Securities, as is consistent with Sections 10.4.2 and 10.4.3. Profit Sharing Contributions for a Plan Year shall be allocated in the manner specified in the Adoption Agreement no later than as of the last day of that Plan Year to the Account of each Participant who is eligible for an allocation as selected by the Employer. Unless selected otherwise in the Adoption Agreement, an Active Participant shall be eligible to receive an allocation of a Profit Sharing Contribution to his or her Profit Sharing Contribution Account with regard to a Plan Year if either (A) he or she was actively employed by the Employer on the last day of that Plan Year or (B) during that Plan Year, he or she was credited with more than 500 Hours of Service and experienced a severance from employment.

Profit Sharing Contributions. An Eligible Employee shall be eligible to receive an allocation of Profit Sharing Contributions (if permitted pursuant to A.13) at the time specified in B.33 upon meeting the requirements of B.30 through B.32 (Section 3.03(a)):

Profit Sharing Contributions. To become eligible, an employee must complete (choose one): (a) No minimum service required. (b) One 6-month Eligibility Period (c) One __-month Eligibility Period (must be less than 12) [ ] (d) One 12-month Eligibility Period

Profit Sharing Contributions. For each Plan Year, the Employer will not make an Employer Profit Sharing Contribution [X] or, if this box is checked, the Employer will make an Employer Profit Sharing Contribution. A. [ ] Fixed Formula For each Plan Year, the Employer will make an Employer Profit Sharing Contribution to the Trust in an amount equal to _____ % (not to exceed 15%) of each such eligible Participant's Compensation. 3 4 A Participant shall be entitled to an allocation of the fixed Employer Profit Sharing Contribution for a Plan Year if the Participant receives Compensation from the Employer during a Plan Year [ ] and, if this box is checked, the Participant is employed on the last day of the Plan Year, or the Participant retires, dies or becomes disabled during the Plan Year. [ ] and, if this box is checked, the Participant is credited with at least ____ (insert "1000" or less) Hours of Service during the Plan Year, or the Participant retires, dies or becomes disabled during the Plan Year. B. [X] Discretionary Formula For each Plan Year, the Employer will make an Employer Profit Sharing Contribution to the Trust equal to the amount, if any, determined by the Employer for such Plan Year. A Participant shall be entitled to an allocation of the discretionary Employer Profit Sharing Contribution for a Plan Year if the Participant receives Compensation from the Employer during the Plan Year [X] and, if this box is checked, the Participant is employed on the last day of the Plan Year, or the Participant retires, dies or becomes disabled during the Plan Year. [ ] and, if this box is checked, the Participant is credited with at least ______ (insert "1000" or less) Hours of Service during the Plan Year, or the Participant retires, dies or becomes disabled during the Plan Year. C. Employer Profit Sharing Contributions will be allocated to eligible Participants in the ratio that each eligible Participant's Compensation for the Plan Year bears to the total Compensation paid to all eligible Participants for the Plan Year, or

Profit Sharing Contributions. (Plan Sections 4.1 and 4.2) (1)

Profit Sharing Contributions. Compensation for the purposes of determining the amount and allocation of Profit Sharing Contributions shall be determined as follows (choose either (a) or (b), and (c) and/or (d), as applicable). / / (a) Compensation will include Form W-2 earnings as defined in Section 2.8 of the Plan. / / (b) Compensation will include all compensation included in the definition of Code Section 415 Compensation in Section 6.5(b) of the Plan. /X/ (c) In addition to the amount provided in either (a) or (b) above, compensation will also include any amounts withheld from the employee under a 401(k) plan, cafeteria plan, SARSEP, tax sheltered 403(b) arrangement, or Code Section 457 deferred compensation plan, and contributions described in Code Section 414(h)(2) that are picked up by a governmental employer.