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. If applicable, the maximum percentage is specified in Section 6 above. 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 12 month(s) (not to exceed 12 months).

Appears in 1 contract

Samples: Standardized Adoption Agreement (Vs Holdings 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. If applicable, the maximum percentage is specified in Section 6 above. 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 12 month(sof___month(s) (not to exceed 12 months).

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Community Bancorp /Vt)

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. If applicable, the maximum percentage is specified in Section 6 above. 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 12 ____month(s) (not to exceed 12 months).

Appears in 1 contract

Samples: Adoption Agreement (Peoples Sidney Financial Corp)

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. If applicable, the maximum percentage is specified in Section 6 above. 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 12 of______ month(s) (not to exceed 12 months).

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance 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. If applicable, the maximum percentage is specified in Section 6 above. 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 12 ____ month(s) (not to exceed 12 months).

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance 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. If applicable, the maximum percentage is specified in Section 6 above. 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 12 month(s) (not to exceed 12 months).

Appears in 1 contract

Samples: Good Times Restaurants Inc

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