Common use of Qualified Non-Elective Contributions Clause in Contracts

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.

Appears in 3 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Profit Sharing Plan (First Keystone Corp), Defined Contribution Plan and Trust (First Keystone Corp)

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Qualified Non-Elective Contributions. Contributions (other than Matching Contributions or Qualified Matching Contributions) made by the Employer and allocated to Participants' accounts the Participant's account that the Participants Participant may not elect to receive in cash until distributed from the Plan; that Plan and which are nonforfeitable when made; and that are distributable only in accordance with subject to the distribution provisions that are applicable to Elective Deferrals and Qualified Matching Contributionsrestrictions as provided in Article VI of said Plan.

Appears in 1 contract

Samples: 401(k) Retirement Plan Adoption Agreement (WHX Corp)

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