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 12 contracts

Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (First Northwest Bancorp), Nonstandardized Adoption Agreement (1st Constitution Bancorp)

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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):

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (BBCN 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: Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

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