Common use of Qualified Participants Clause in Contracts

Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). [ ] (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): [ ] (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [ ] (b) Be credited with ______ (choose 1,501 or 1,000) Hours of Service in the Plan Year. [ ] (c) Be an Employee on the last day of the Plan Year. [ ] (d) Retire, die or become disabled during the Plan Year.

Appears in 1 contract

Samples: 401(k) and Profit Sharing Plan Agreement (Ico Inc)

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Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). [ ] . (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): [ ] / / (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] / / (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [ ] /X/ (b) Be credited with ______ 1000 (choose 1,501 1, 501 or 1,000) Hours of Service in the Plan Year. [ ] /X/ (c) Be an Employee on the last day of the Plan Year. [ ] /X/ (d) Retire, die or become disabled during the Plan Year.

Appears in 1 contract

Samples: 401(k) and Profit Sharing Plan Agreement (Hunter Group Inc)

Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). [ ] (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): [ ] (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [ [X] (b) Be credited with ______ 1,000 (choose 1,501 1, 501 or 1,000) Hours of Service in the Plan Year. [ [X] (c) Be an Employee on of the last day of the Plan Year. [ [X] (d) Retire, die or become disabled during the Plan Year.

Appears in 1 contract

Samples: 401(k) and Profit Sharing Plan Agreement (Books a Million Inc)

Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). [ ] ý (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i1) or (ii)): [ ] ý (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] o (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [ ] o (b) Be credited with ______ (choose 1,501 1, 501 or 1,000) Hours of Service in the Plan Year. [ ] o (c) Be an Employee on the last day of the Plan Year. [ ] o (d) Retire, die or become disabled during the Plan Year.

Appears in 1 contract

Samples: 401(k) and Profit Sharing Plan Agreement (Earthlink Inc)

Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (bof(b), (c) and (d). [ ] . (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): [ ] ): (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] . (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (bof(b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [ ] : (b) Be credited with ______ (choose 1,501 or 1,000) Hours of Service in the Plan Year. [ ] . (c) Be an Employee on the last day of the Plan Year. [ ] (d) Retire, die or become disabled during the Plan Year.

Appears in 1 contract

Samples: 401(k) and Profit Sharing Plan Agreement (Ico Inc)

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Qualified Participants. In order to receive an allocation of ---------------------- Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). [ ] . (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): [ ] ): (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] . (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [ [X] (b) Be credited with ______ 1,000 (choose 1,501 1, 501 or 1,000) ----- Hours of Service in the Plan Year. [ [X] (c) Be an Employee on the last day of the Plan Year. [ [X] (d) Retire, die or become disabled during the Plan Year.

Appears in 1 contract

Samples: 401(k) and Profit Sharing Plan Agreement (Benthos Inc)

Qualified Participants. In order to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must be a Qualified Participant for this purpose. Select below either (a) alone, or any combination of (b), (c) and (d). [ ] . (a) To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must (check (i) or (ii)): [ ] _______ (i) Either be employed on the last day of the Plan Year, complete more than 500 Hours of Service in the Plan Year, or retire, die or become disabled in the Plan Year. [ ] _______ (ii) Either be employed on the last day of the Plan Year or complete more than 500 Hours of Service in the Plan Year. Stop here if you checked (a). If you did not check (a), check (b), (c) or (d), or any combination of (b), (c) and (d). To be a Qualified Participant eligible to receive an allocation of Profit Sharing Contributions for a Plan Year, an Employee must: [ ] X _____ (b) Be credited with ______ 1000 (choose 1,501 1, 501 or 1,000) Hours of Service in the Plan Year. [ ] X _____ (c) Be an Employee on the last day of the Plan Year. [ ] X _____ (d) Retire, die or become disabled during the Plan Year.

Appears in 1 contract

Samples: 401(k) and Profit Sharing Plan Agreement (Environmental Elements Corp)

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