QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. (a) If this is an amendment to a Plan that previously permitted deductible voluntary Employee contributions, then each Participant who made "Qualified Voluntary Employee Contributions" within the meaning of Code Section 219(e)(2) as it existed prior to the enactment of the Tax Reform Act of 1986, shall have such contributions held in a separate Qualified Voluntary Employee Contribution Account which shall be fully Vested at all times. Such contributions, however, shall not be permitted for taxable years beginning after December 31, 1986.
(b) A Participant may, upon written request delivered to the Administrator, make withdrawals from such Participant's Qualified Voluntary Employee Contribution Account. Any distribution shall be made in a manner which is consistent with and satisfies the provisions of Section 6.5, including, but not limited to, all notice and consent requirements of Code Sections 411(a)(11) and 417 and the Regulations thereunder.
(c) At Normal Retirement Date, or such other date when the Participant or the Participant's Beneficiary is entitled to receive benefits, the Qualified Voluntary Employee Contribution Account shall be used to provide additional benefits to the Participant or the Participant's Beneficiary.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS" shall mean qualified voluntary employee contributions within the meaning of section 219(e)(2) of the Code.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. The rules relating to Qualified Voluntary Employee Contributions are as follows:
(A) NOT PERMITTED AFTER DECEMBER 31, 1986. No Qualified Voluntary Employee Contributions shall be permitted after December 31, 1986. Contributions made prior to that date shall be maintained in separate accounts. Such accounts shall share in gains or losses of the Trust in the manner described in Article V. No part of such accounts shall be used to purchase life insurance. Withdrawals from such accounts are provided for in Sections 7.10(B) and 7.12.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. No Qualified Voluntary Employee Contributions are permitted after December 31, 1986.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. (a) Any voluntary employee contribution made in cash after December 31, 1981 attributable to taxable years ending before January 1, 1987, shall be treated as a "Qualified Voluntary Employee Contribution" within the meaning of Code Section 219(e)(2) as it existed prior to the enactment of the Tax Reform Act of 1986, and held in a separate Qualified Voluntary Employee Contribution Account.
(b) The balance in each Participant's Qualified Voluntary Employee Contribution Account shall be fully Vested at all times and shall not be subject to Forfeiture for any reason.
(c) A Participant may, upon written request delivered to the Administrator, make withdrawals from his Qualified Voluntary Employee Contribution Account. Any distribution shall be made in a manner which is consistent with and satisfies the provisions of Section 7.5, including, but not limited to, all notice and consent requirements of Code Section 411(a)(11) and the Regulations thereunder.
(d) At Normal Retirement Date, or such other date when the Participant or his Beneficiary shall be entitled to receive benefits, the fair market value of the Qualified Voluntary Employee Contribution Account shall be used to provide additional benefits to the Participant or his Beneficiary.
(e) Unless the Administrator directs Qualified Voluntary Employee Contributions made pursuant to this Section be segregated into a separate account for each Participant in a federally insured savings account, certificate of deposit in a bank or savings and loan association, money market certificate or other short term debt security acceptable to the Trustee, they shall be invested as part of the general Trust Fund and share in earnings and losses.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. Page 14 4.7 ROLLOVER ACCOUNT.........................................Page 15 4.8 EMPLOYER CONTRIBUTION ACCOUNT............................Page 15 4.9 ALLOCATION OF CONTRIBUTIONS AND FORFEITURES..........................................Page 15 4.10 ALLOCATION OF TRUST GAINS AND LOSSES....................Page 15 4.11
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. The Administrator will not accept deductible employee contributions which are made for a taxable year beginning after December 31, 1986. Contributions made prior to that date will be maintained in a separate account which will be nonforfeitable at all times. The assets of the trust will be valued annually at fair market value as of the last day of the Plan Year. On such date, the earnings and losses of the trust attributable to the accumulated deductible voluntary contribution will be allocated to each Participant's deductible voluntary contributions account in the ratio that such account balance bears to all such account balances. No part of the deductible voluntary contribution account will be used to purchase life insurance. Subject to Section 5.7, Joint and Survivor Annuity requirements (if applicable), the Participant may withdraw any part of the deductible voluntary contribution account by making a written application to the Plan Administrator.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. (a) Each Participant may elect pursuant to this Section 3.5 to make a voluntary contribution in cash up to $2,000 (but not more than 100% of the Participant's Compensation for the taxable year to which the contribution relates) which is to be treated as a "Qualified Voluntary Employee Contribution" within the meaning of Section 219(e)(2) of the Internal Revenue Code of 1954, as amended.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. If permitted by Xxxxxxx Fund Distributors, Inc., qualified voluntary employee contributions as defined in section 219(e)(2) of the Code may be received under this Agreement with respect to taxable years beginning after December 31, 1981, and such contributions shall thereafter be held and administered hereunder by the Custodian in accordance with all applicable law with respect to accumulated deductible employee contributions as defined in section 72(o)(5)(B) of the Code.
QUALIFIED VOLUNTARY EMPLOYEE CONTRIBUTIONS. 30 7.3 Withdrawals....................................................................................30 ARTICLE 8: EMPLOYER CONTRIBUTIONS; AMOUNT AND ALLOCATION........................................................31
