Common use of Qualified Nonelective Employer Contributions Clause in Contracts

Qualified Nonelective Employer Contributions. If Option 1.07(a), Deferral Contributions, is checked, the Employer may contribute an amount which it designates as a Qualified Nonelective Employer Contribution to be included in the “ADP” or “ACP” test. Unless otherwise provided below, Qualified Nonelective Employer Contributions shall be allocated to Participants who were eligible to participate in the Plan at any time during the Plan Year and are Non-Highly Compensated Employees either (A) in the ratio which each Participant’s “testing compensation”, as defined in Subsection 6.01(t), for the Plan Year bears to the total of all Participants’ “testing compensation” for the Plan Year or (B) as a flat dollar amount.

Qualified Nonelective Employer Contributions. If Option 1.07(a), Deferral Contributions, is checked, the Employer may contribute an amount which it designates as a Qualified Nonelective Employer Contribution to be included in the “ADP” or “ACP” test. Unless otherwise provided below, Qualified Nonelective Employer Contributions shall be allocated to Participants who were eligible to participate in the Plan at any time during the Plan Year and are Non-Highly Compensated Employees either (A) in the ratio which each Participant’s “"testing compensation”", as defined in Subsection 6.01(t), for the Plan Year bears to the total of all Participants’ “"testing compensation” " for the Plan Year or (B) as a flat dollar amount.

Qualified Nonelective Employer Contributions. If Option 1.07(a), Deferral Contributions, is checked, the Employer may contribute an amount which it designates as a Qualified Nonelective Employer Contribution to be included in the “"ADP” " or “"ACP” " test. Unless otherwise provided below, Qualified Nonelective Employer Contributions shall be allocated to Participants who were eligible to participate in the Plan at any time during the Plan Year and are Non-Highly Compensated Employees either (A) in the ratio which each Participant’s “'s "testing compensation”", as defined in Subsection 6.01(t), for the Plan Year bears to the total of all Participants’ “' "testing compensation” " for the Plan Year or (B) as a flat dollar amount.