Common use of Qualified Nonelective Contributions Clause in Contracts

Qualified Nonelective Contributions. If selected below, the Employer may make Qualified Nonelective Contributions for each Plan Year (select all those applicable): (1) In its discretion, the Employer may make Qualified Nonelective Contributions on behalf of (select one): (a) all Eligible Participants. |X| (b) only Eligible Participants who are Nonhighly Compensated Employees. (2) Qualified Nonelective Contributions will be contributed and allocated to each Eligible Participant in an amount equal to (select one): (a) (no more than 15%) of the Compensation of each Eligible Participant eligible to share in the allocation. (b) Such an amount determined by the Employer, which is needed to meet either the ADP Test or ACP Test. (3) At the discretion of the Employer, as needed and taken into account as Elective Deferrals included in the ADP Test on behalf of (select one): (a) all Eligible Participants. |X| (b) only those Eligible Participants who are Nonhighly Compensated Employees.

Qualified Nonelective Contributions. If selected below, the Employer may make Qualified Nonelective Contributions for each Plan Year (select all those applicable): (1) In its discretion, the Employer may make Qualified Nonelective Contributions on behalf of (select one): (a) all Eligible Participants. |X| [X] (b) only Eligible Participants who are Nonhighly Compensated Employees. (2) Qualified Nonelective Contributions will be contributed and allocated to each Eligible Participant in an amount equal to (select one): (a) (no more than 15%) of the Compensation of each Eligible Participant eligible to share in the allocation. . [X] (b) Such an amount determined by the Employer, which is needed to meet either the ADP Test or ACP Test. (3) At the discretion of the Employer, as needed and taken into account as Elective Deferrals included in the ADP Test on behalf of (select one): (a) all Eligible Participants. |X| [X] (b) only those Eligible Participants who are Nonhighly Compensated Employees.

Qualified Nonelective Contributions. If selected below, the Employer may make Qualified Nonelective Contributions for each Plan Year (select all those applicable): (1) In its discretion, the Employer may make Qualified Nonelective Contributions on behalf of (select one): ): / / (a) all Eligible Participants. |X| /X/ (b) only Eligible Participants who are Nonhighly Compensated Employees. (2) Qualified Nonelective Contributions will be contributed and allocated to each Eligible Participant in an amount equal to (select one): ): / / (a) ____% (no more than 15%) of the Compensation of each Eligible Participant eligible to share in the allocation. . /X/ (b) Such an amount determined by the Employer, which is needed to meet either the ADP Test or ACP Test. (3) At the discretion of the Employer, as needed and taken into account as Elective Deferrals included in the ADP Test on behalf of (select one): (a) all Eligible Participants. |X| /X/ (b) only those Eligible Participants who are Nonhighly Compensated Employees.

Qualified Nonelective Contributions. If selected below, the Employer may make Qualified Nonelective Contributions for each Plan Year (select all those applicable): (1) In its discretion, the Employer may make Qualified Nonelective Contributions on behalf of (select one): (a) all Eligible Participants. |X| [X] (b) only Eligible Participants who are Nonhighly Compensated Employees. (2) Qualified Nonelective Contributions will be contributed and allocated to each Eligible Participant in an amount equal to (select one): ): [ ] (a) % (no more than 15%) of the Compensation of each Eligible ---- Participant eligible to share in the allocation. . [X] (b) Such an amount determined by the Employer, which is needed to meet either the ADP Test or ACP Test. (3) At the discretion of the Employer, as needed and taken into account as Elective Deferrals included in the ADP Test on behalf of (select one): (a) all Eligible Participants. |X| [X] (b) only those Eligible Participants who are Nonhighly Compensated Employees.

Qualified Nonelective Contributions. If selected below, the Employer may make Qualified Nonelective Contributions for each Plan Year (select all those applicable): (1) In its discretion, the Employer may make Qualified Nonelective Contributions on behalf of (select one): ): / / (a) all Eligible Participants. |X| /x/ (b) only Eligible Participants who are Nonhighly Compensated Employees. (2) Qualified Nonelective Contributions will be contributed and allocated to each Eligible Participant in an amount equal to (select one): ): / / (a) ___% (no more than 15%) of the Compensation of each Eligible Participant eligible to share in the allocation. . /x/ (b) Such an amount determined by the Employer, which is needed to meet either the ADP Test or ACP Test. (3) At the discretion of the Employer, as needed and taken into account as Elective Deferrals included in the ADP Test on behalf of (select one): (a) all Eligible Participants. |X| /x/ (b) only those Eligible Participants who are Nonhighly Compensated Employees.

Qualified Nonelective Contributions. If selected below, the Employer may make Qualified Nonelective Contributions for each Plan Year (select all those applicable): (1) In its discretion, the Employer may make Qualified Nonelective Contributions on behalf of (select one): (a): / /(a) all Eligible Participants. |X| (b/ X /(b) only Eligible Participants who are Nonhighly Compensated Employees. (2) Qualified Nonelective Contributions will be contributed and allocated to each Eligible Participant in an amount equal to (select one): (a): / /(a) ____% (no more than 15%) of the Compensation of each Eligible Participant eligible to share in the allocation. (b. / X /(b) Such an amount determined by the Employer, which is needed to meet either the ADP Test or ACP Test. (3) At the discretion of the Employer, as needed and taken into account as Elective Deferrals included in the ADP Test on behalf of (select one): (a): / /(a) all Eligible Participants. |X| (b/ X /(b) only those Eligible Participants who are Nonhighly Compensated Employees.

Qualified Nonelective Contributions. If selected below, the Employer may make Qualified Nonelective Contributions for each Plan Year (select all those applicable): (1) In its discretion, the Employer may make Qualified Nonelective Contributions on behalf of (select one): (a) all Eligible Participants. |X| [X] (b) only Eligible Participants who are Nonhighly Compensated Employees. (2) Qualified Nonelective Contributions will be contributed and allocated to each Eligible Participant in an amount equal to (select one): (a) (no more than 15%) of the Compensation of each Eligible Participant eligible to share in the allocation. (b) Such an amount determined by the Employer, which is needed to meet either the ADP Test or ACP Test. (3) At the discretion of the Employer, as needed and taken into account as Elective Deferrals included in the ADP Test on behalf of (select one): (a) all Eligible Participants. |X| [X} (b) only those Eligible Participants who are Nonhighly Compensated Employees.