Salary continuation payments for disabled Participants. Unless otherwise elected in Section 2.2 of this Amendment, 415 Compensation does not include compensation paid to a participant who is permanently and totally disabled (as defined in Code §22(e)(3)). If elected, this provision shall apply to either just non-highly compensated participants or to all participants for the period specified in Section 2.2 of this Amendment.
Appears in 6 contracts
Samples: 401(k) Plan Adoption Agreement (Knowles Corp), 401(k) Profit Sharing Plan (Nci Building Systems Inc), 401(k) Plan Adoption Agreement (Firstmerit Corp /Oh/)
Salary continuation payments for disabled Participants. Unless otherwise elected in Section 2.2 of this Amendment, 415 Compensation does not include compensation paid to a participant Participant who is permanently and totally disabled (as defined in Code §Section 22(e)(3)). If elected, this This provision shall apply to either just non-highly compensated participants or to all participants for the period specified in Section 2.2 of this AmendmentParticipants.
Appears in 1 contract
Samples: 401(k) Savings and Retirement Plan (Castle a M & Co)
Salary continuation payments for disabled Participants. Unless otherwise elected in Section 2.2 of this Amendment, 415 Compensation does not include compensation paid to a participant Participant who is permanently and totally disabled (as defined in Code §Section 22(e)(3)). If elected, this provision shall apply to either just non-highly compensated participants or to all participants for the period specified in Section 2.2 of this Amendment.
Appears in 1 contract
Samples: Pension Plan and Trust Agreement
