Common use of QNEC Contribution Formula Clause in Contracts

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following):

Appears in 3 contracts

Samples: Defined Contribution Plan (Savannah Bancorp Inc), Adoption Agreement (Connecticut Water Service Inc / Ct), Adoption Agreement (Connecticut Water Service Inc / Ct)

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QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): ¨ a. of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made. ¨ b. $__________ not to exceed ___% of Compensation. This part of the Employer’s contribution shall be fully vested when made and subject to the limitations specified in the Basic Plan Document #01.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (United Community Bancorp), Defined Contribution Plan (Fraternity Community Bancorp Inc)

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): o a. of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made. o b. $ not to exceed % of Compensation. This part of the Employer’s contribution shall be fully vested when made and subject to the limitations specified in the Basic Plan Document.

Appears in 2 contracts

Samples: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc)

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s 's Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): a. of Compensation of all eligible Participants. This part of the Employer's contributions shall be fully vested when made. b. $ not to exceed % of Compensation. This part of the Employer's contribution shall be fully vested when made and subject to the limitations specified in the Basic Plan

Appears in 1 contract

Samples: Adoption Agreement for Cash or Deferred Profit Sharing Plan (BBCN Bancorp Inc)

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): a. of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made. b. not to exceed ________% of Compensation. This part of the Employer’s contribution shall be fully vested when made and subject to the limitations specified in the Basic Plan Document #01.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (1st Constitution Bancorp)

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): a. of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made. [ ] b. $__________ not to exceed ___% of Compensation. This part of the Employer’s contribution shall be fully vested when made and subject to the limitations specified in the Basic Plan Document #01.

Appears in 1 contract

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct)

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): ¨ a. of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made.

Appears in 1 contract

Samples: Defined Contribution Plan (ASB Bancorp Inc)

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QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following):): [ ] a. % of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made. [ ] b. $ not to exceed % of Compensation. This part of the Employer’s contributions shall be fully vested when made and subject to the limitations specified in the Basic Plan Document #01.

Appears in 1 contract

Samples: Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): o a. of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made. o b. $ not to exceed % of Compensation. This part of the Employer’s contribution shall be fully vested when made and subject to the limitations specified in the Basic Plan Document #01.

Appears in 1 contract

Samples: Defined Contribution Plan (Athens Bancshares Corp)

QNEC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Non-Elective Contribution account an amount equal to (select one or more of the following): o a. of Compensation of all eligible Participants. This part of the Employer’s contributions shall be fully vested when made. o b. $__________ not to exceed ___% of Compensation. This part of the Employer’s contribution shall be fully vested when made and subject to the limitations specified in the Basic Plan Document #01.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp)

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