Qualified Non-Elective Contributions Sample Clauses

Qualified Non-Elective Contributions. 11.1 / / The Employer will make Qualified Non-Elective Contributions to the Plan. If the Employer does make Qualified Non-Elective Contributions to the Plan, then the amount of such contributions to the Plan for each Plan Year shall be:
AutoNDA by SimpleDocs
Qualified Non-Elective Contributions. Contributions (other than Matching Contributions or Qualified Matching Contributions) made by the Employer and allocated to Participants' accounts that the Participants may not elect to receive in cash until distributed from the Plan; that are nonforfeitable when made; and that are distributable only in accordance with the distribution provisions that are applicable to Elective Deferrals and Qualified Matching Contributions.
Qualified Non-Elective Contributions. In the case of any Plan Sponsor that elects in its Adoption Agreement to make Qualified Non-Elective Contributions, such Plan Sponsor will comply with paragraph (i), (ii), or (iii), depending on its election in its Adoption Agreement.
Qualified Non-Elective Contributions. QNEC") The Adopting Employer's discretionary Qualified Non-Elective Contribution will be allocated in the following manner:
Qualified Non-Elective Contributions. If the Plan is a Code §401(k) Plan or a Code §401(m) Plan, then the Employer may make a Qualified Non-Elective Contribution to the Plan in such amount as the Employer, in its sole discretion, may determine, subject to the following provisions:
Qualified Non-Elective Contributions. If elected by the Employer in the Adoption Agreement, the Employer may make Qualified Non-elective Contributions to the Plan. In addition, in lieu of distributing Excess Contributions as provided in Section 3.2(G) of the Plan, or Excess Aggregate Contributions as provided in Section 3.5(C) of the Plan, the Employer may make Qualified Non-elective Contributions on behalf of Employees that are sufficient to satisfy either the Actual Deferral Percentage or the Average Contribution Percentage test, or both, pursuant to regulations under the Code.
Qualified Non-Elective Contributions. (Plan Section 12.1(a)(4))
AutoNDA by SimpleDocs
Qualified Non-Elective Contributions. The Employer may elect to make Qualified Non-elective Contributions under the Plan on behalf of all Participants who are Non-Highly Compensated Employees in a ratio which each Non-Highly Compensated Participant's Compensation for the Plan Year bears to the total Compensation of all Non- Highly Compensated Participants for such Plan Year.
Qualified Non-Elective Contributions. In the event that the Average Actual Deferral Percentage for Participants who are Highly Compensated Employees for a Plan Year would fail to satisfy the requirements of Section 6(c)(1), then instead of or in addition to applying the provisions of Section 6(b)(2)(D), the Company may elect to make Qualified Non-Elective Contributions to the Plan on behalf of certain Participants. Qualified Non-Elective Contributions, if any, shall be made in compliance with Treasury Regulation Section 1.401(k)-2(a)(6). Such Qualified Non-Elective Contributions (if any) shall be allocated to Participants who are Non-Highly Compensated Employees for the Plan Year and shall be allocated to such Participant’s Qualified Non-Elective Contributions Account pro rata based on the respective proportion that each such Participant’s Compensation bears to the total amount of Compensation of all such Participants. Any Qualified Non-Elective Contributions which are used to satisfy the requirements of Section 6(c)(1) shall not also be used to satisfy the requirements of Section 6(d)(1).
Qualified Non-Elective Contributions. ( ) If this paragraph is checked, in any Plan Year in which the Plan cannot satisfy either the ADP or ACP test, the Employer may make Qualified Non-Elective Contributions to the Trust on behalf of Non-Highly Compensated Employees in an amount sufficient to enable the Plan to satisfy such tests.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!