QACA Safe Harbor Elected Sample Clauses

QACA Safe Harbor Elected. Paragraph 21.2(a)(ii), Paragraph 21.3(a)(ii) The Employer will make QACA Safe Harbor Contributions as elected below. (Select and complete (i) and (ii) or (iii) and (iv) below) o(i)QACA Safe Harbor Matching Contributions. (check (A) or (B)) o(A)Basic QACA Safe Harbor Matching Formula. 100% of Participant Elective Deferrals not to exceed 1% of the Participant’s Plan Compensation plus 50% of Participant Elective Deferrals that exceed 1% of the Participant’s Plan Compensation but that do not exceed 6% of the Participant’s Plan Compensation; or o(B)Enhanced QACA Safe Harbor Matching Formula. 100% of the Participant’s Elective Deferrals that do not exceed _______ (must be 1% or greater but not more than 10%) of the Participant’s Compensation for the Plan Year plus ___% (must be at least 50%) of the Participant’s Elective Deferrals thereafter, but no Safe Harbor Matching Contributions will be made on Elective Deferrals that exceedpercent (must be at least 6% but no more than 10%) of Compensation. (The number inserted in the second blank cannot exceed 100%.]