Common use of Profits Requirement Clause in Contracts

Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ ] (A) Matching Contributions. [ ] (B) Qualified Non-Elective Contributions. [ ] (C) discretionary contributions.

Appears in 7 contracts

Samples: Adoption Agreement (Nobility Homes Inc), Adoption Agreement (Peoples Sidney Financial Corp), Nonstandardized Adoption Agreement (Option Care Inc/De)

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Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ ] (A) Matching Contributions. [ ] (B) Qualified Non-Elective Contributions. [ ] (C) discretionary contributionsDiscretionary Contributions.

Appears in 2 contracts

Samples: Safeguard Scientifics Inc Et Al, Port Financial Corp

Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ ] (A) Matching Contributions. [ ] (B) Qualified Non-Elective Contributions. PROTOTYPE CASH OR DEFERRED PROFIT- SHARING PLAN #001 [ ] (C) discretionary contributions.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Vs Holdings Inc)

Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ [_] (A) Matching Contributions. [ [_] (B) Qualified Non-Elective Contributions. [ [_] (C) discretionary contributionsDiscretionary Contributions.

Appears in 1 contract

Samples: Westfield Financial Inc

Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ ] (A) Matching Contributions. [ ] (B) Qualified Non-Elective Contributions. [X] (C) discretionary contributions. (ii) No NetProfits are required for: [X] (A) Matching Contributions. [X] (B) Qualified Non-Elective Contributions. [ ] (C) discretionary contributions. NOTE: Elective Deferrals can always be contributed regardless of profits.

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance Inc)

Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ ] (A) Matching Contributions. [ ] (B) Qualified Non-Elective Contributions. [ ] (C) discretionary contributionsDiscretionary Contributions. (ii) No Net Profits are required for: [X] (A) Matching Contributions. [X] (B) Qualified Non-Elective Contributions. [X] (C) Discretionary Contributions. NOTE: Elective Deferrals can always be contributed regardless of profits.

Appears in 1 contract

Samples: Professionals Insurance Co Management Group

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Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ Yes No --- -- [_] [X] (A) Matching Contributions. [ [_] [X] (B) Qualified Non-Elective Contributions. [ [_] [X] (C) discretionary Discretionary contributions.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Homestore Com Inc)

Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ ] (A) Matching Contributions. [ ] (B) Qualified Non-Elective Contributions. REGIONAL PROTOTYPE CASH OR DEFERRED PROFIT-SHARING PLAN #012 [ ] (C) discretionary contributionsDiscretionary Contributions.

Appears in 1 contract

Samples: Berkshire Hills Bancorp Inc

Profits Requirement. (i) Current or Accumulated Net Profits are required for: [ ] (A) Matching Contributions. [ ] (B) Qualified Non-Elective Contributions. [ ] (C) discretionary contributions.

Appears in 1 contract

Samples: Global Sports Inc

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