Common use of Safe Harbor Tests Clause in Contracts

Safe Harbor Tests. ¨ 1. Only the ADP and not the ACP Test Safe Harbor provisions are applicable. ¨ 2. Both the ADP and ACP Test Safe Harbor provisions are applicable. If both ADP and ACP provisions are applicable: ¨ a. No additional Matching Contributions will be made in any Plan Year in which the Safe Harbor provisions are used. ¨ b. The Employer may make Matching Contributions in addition to any Safe Harbor Matching Contributions elected below. (Complete provisions in Article VIII regarding Matching Contributions that will be made in addition to those Safe Harbor Matching Contributions made below.)

Appears in 2 contracts

Samples: Defined Contribution Plan (Chicopee Bancorp, Inc.), Defined Contribution Plan (United Community Bancorp)

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Safe Harbor Tests. ¨ ( )1. Only the ADP and not the ACP Test Safe Harbor provisions are applicable. ¨ ( )2. Both the ADP and ACP Test Safe Harbor provisions are applicable. If both ADP and ACP provisions are applicable: ¨ : ( )a. No additional Matching Contributions will be made in any Plan Year in which the Safe Harbor provisions are used. ¨ ( )b. The Employer may make Matching Contributions in addition to any Safe Harbor Matching Contributions elected below. (Complete provisions in Article VIII regarding Matching Contributions that will be made in addition to those Safe Harbor Matching Contributions made below.)

Appears in 1 contract

Samples: Adoption Agreement (Socket Communications Inc)

Safe Harbor Tests. ¨ * 1. Only the ADP and not the ACP Test Safe Harbor provisions are applicable. ¨ * 2. Both the ADP and ACP Test Safe Harbor provisions are applicable. If both ADP and ACP provisions are applicable: ¨ : * a. No additional Matching Contributions will be made in any Plan Year in which the Safe Harbor provisions are used. ¨ * b. The Employer may make Matching Contributions in addition to any Safe Harbor Matching Contributions elected below. (Complete provisions in Article VIII regarding Matching Contributions that will be made in addition to those Safe Harbor Matching Contributions made below.)

Appears in 1 contract

Samples: Adoption Agreement (Atlas America Inc)

Safe Harbor Tests. ¨ 1. Only the ADP and not the ACP Test Safe Harbor provisions are applicable. . 12 §401(k) Plan AA #010 ¨ 2. Both the ADP and ACP Test Safe Harbor provisions are applicable. If both ADP and ACP provisions are applicable: : ¨ a. No additional Matching Contributions will be made in any Plan Year in which the Safe Harbor provisions are used. ¨ b. The Employer may make Matching Contributions in addition to any Safe Harbor Matching Contributions elected below. (Complete provisions in Article VIII regarding Matching Contributions that will be made in addition to those Safe Harbor Matching Contributions made below.)

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.)

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Safe Harbor Tests. ¨ 1. Only the ADP and not the ACP Test Safe Harbor provisions are applicable. . 12 §401(k) Plan AA #010 ¨ 2. Both the ADP and ACP Test Safe Harbor provisions are applicable. If both ADP and ACP provisions are applicable: : ¨ a. No additional Matching Contributions will be made in any Plan Year in which the Safe Harbor provisions are used. ¨ b. The Employer may make Matching Contributions in addition to any Safe Harbor Matching Contributions elected below. (Complete provisions in Article VIII regarding Matching Contributions that will be made in addition to those Safe Harbor Matching Contributions made below.)

Appears in 1 contract

Samples: Defined Contribution Plan (FNB United Corp.)

Safe Harbor Tests. ¨ o 1. Only the ADP and not the ACP Test Safe Harbor provisions are applicable. ¨ o 2. Both the ADP and ACP Test Safe Harbor provisions are applicable. If both ADP and ACP provisions are applicable: ¨ o a. No additional Matching Contributions will be made in any Plan Year in which the Safe Harbor provisions are used. ¨ . o b. The Employer may make Matching Contributions in addition to any Safe Harbor Matching Contributions elected below. (Complete provisions in Article VIII of this Adoption Agreement regarding Matching Contributions that will be made in addition to those Safe Harbor Matching Contributions made below.)

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan Adoption Agreement (Willis Group Holdings LTD)

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