Common use of Salary Savings Agreement Clause in Contracts

Salary Savings Agreement. The Employer shall contribute and allocate to each Participant's account an amount equal to the amount withheld from the Compensation of such Participant pursuant to his or her Salary Savings Agreement. An Employee who has terminated his or her election under the Salary Savings Agreement other than for hardship reasons may not make another Elective Deferral: [ ] (i) until the first day of the next Plan Year. [ ] (ii) until the first day of the next valuation period. [x] (iii) for a period of 1 month(s) (not to exceed 12 months). If no option is specified, option (ii) will apply.

Appears in 1 contract

Samples: Adoption Agreement (Maxim Pharmaceuticals Inc)

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Salary Savings Agreement. The Employer shall contribute and allocate to each Participant's account an amount equal to the amount withheld from the Compensation of such Participant pursuant to his or her Salary Savings Agreement. An Employee who has terminated his or her election under the Salary Savings Agreement other than for hardship reasons may not make another Elective Deferral: [ ] (i) until the first day of the next Plan Year. [ ] (ii) until the first day of the next valuation period. [xX] (iii) for a period of 1 3 month(s) (not to exceed 12 months). If no option is specified, option (ii) will apply.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Princeton Review Inc)

Salary Savings Agreement. The Employer shall contribute and allocate to each Participant's account an amount equal to the amount withheld from the Compensation of such Participant pursuant to his or her Salary Savings Agreement. An Employee who has terminated his or her election under the Salary Savings Agreement other than for hardship reasons may not make another Elective Deferral: [ ] (i) until the first day of the next Plan Year. [ [X] (ii) until the first day of the next valuation period. [x[ ] (iii) for a period of 1 ___ month(s) (not to exceed 12 months). If no option is specified, option (ii) will apply.. [X] (c) Matching Employer Contribution [See paragraphs (g), (h) and (i)]:

Appears in 1 contract

Samples: 401(k) Retirement Plan and Trust Agreement (California Coastal Communities Inc)

Salary Savings Agreement. The Employer shall contribute and allocate to each Participant's account an amount equal to the amount withheld from the Compensation of such Participant pursuant to his or her Salary Savings Agreement. An Employee who has terminated his or her election under the Salary Savings Agreement other than for hardship reasons may not make another Elective Deferral: [ ] (i) until the first day of the next Plan Year. [ ] (ii) until the first day of the next valuation period. [xX] (iii) for For a period of 1 3 month(s) (not to exceed 12 - months). If no not option is specified, option (ii) will apply.

Appears in 1 contract

Samples: Adoption Agreement (Allegiant Bancorp Inc)

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Salary Savings Agreement. The Employer shall contribute and allocate to each Participant's account an amount equal to the amount withheld from the Compensation of such Participant pursuant to his or her Salary Savings Agreement. An Employee who has terminated his or her election under the Salary Savings Agreement other than for hardship reasons may not make another Elective Deferral: [ ] (i) until the first day of the next Plan Year. [ ] (ii) until the first day of the next valuation period. [xX] (iii) for a period of 1 3 month(s) (not to exceed 12 months). If no option is specified, option (ii) will apply.. [X] (c) Matching Employer Contribution [See paragraphs (g), (h) and (i)]:

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Valley National Corp /De/)

Salary Savings Agreement. The Employer shall contribute and allocate to each Participant's account an amount equal to the amount withheld from the Compensation of such Participant pursuant to his or her Salary Savings Agreement. An Employee who has terminated his or her election under the Salary Savings Agreement other than for hardship reasons may not make another Elective Deferral: [ ] (i) until the first day of the next Plan Year. [ ] (ii) until the first day of the next valuation period. [x] (iii) for a period of 1 3 month(s) (not to exceed 12 months). If no option is specified, option (ii) will apply.

Appears in 1 contract

Samples: Adoption Agreement (Shared Technologies Cellular Inc)

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