Common use of Self-Employed Individual Clause in Contracts

Self-Employed Individual. An individual who has Earned Income for the taxable year from the trade or business for which the Plan is established including an individual who would have had Earned Income but for the fact that the trade or business had no Net Profit for the taxable year.

Appears in 23 contracts

Samples: Defined Contribution Plan (1st Constitution Bancorp), Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Savannah Bancorp Inc)

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Self-Employed Individual. An individual who has Earned Income for the taxable year from the trade or business for which the Plan is established including or an individual who would have had Earned Income but for the fact that the trade or business had no Net Profit Profits for the taxable year.

Appears in 3 contracts

Samples: Defined Contribution Plan and Trust (Comstock Resources Inc), Defined Contribution Plan and Trust (Triad Guaranty Inc), 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)

Self-Employed Individual. An individual who has Earned Income earned income for the taxable year from the trade or business for which the Plan is established including established, and, also, an individual who would have had Earned Income earned income but for the fact that the trade or business had no Net Profit net profits for the taxable year. A Self-Employed Individual shall be treated as an Associate.

Appears in 2 contracts

Samples: 401(k) Plan and Trust Agreement (Hastings Entertainment Inc), 401(k) Plan and Trust Agreement (Hastings Entertainment Inc)

Self-Employed Individual. An individual The term Self-Employed Individual means anyone who owns an interest (other than stock) in the Employer and has Earned Income for the taxable year from the trade Plan Year or business for which the Plan is established including an individual who would have had Earned Income but for the fact that the trade or business Employer had no Net Profit net profits for the taxable yearPlan Year.

Appears in 2 contracts

Samples: Defined Benefit Plan, 401(k) Plan Agreement (Provident Bancorp Inc/Ny/)

Self-Employed Individual. An individual who has Earned Income for the taxable year from the trade or business for which the Plan is established including established, or an individual who would have had Earned Income for the taxable year but for the fact that the trade or business had no Net Profit Profits for the taxable year.

Appears in 1 contract

Samples: Salary Deferral Retirement Plan Adoption Agreement (Novo Nordisk a S)

Self-Employed Individual. An individual who has Earned Income for the taxable year from the trade or business for which the Plan is established including (and an individual who would have had Earned Income but for the fact that the trade or business had no Net Profit net profits for the taxable year).

Appears in 1 contract

Samples: 401(k) Profit Sharing Adoption Agreement (Kevco Inc)

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Self-Employed Individual. An individual who has Earned Income for the taxable year from the trade or business for which the Plan is established including an individual who would have had Earned Income but for the fact that the trade or business had no Net Profit for the taxable year.

Appears in 1 contract

Samples: 401(k) Plan Document (East West Bancorp Inc)

Self-Employed Individual. An individual who has Earned Income for the taxable year from the trade trade, business or business for partnership with respect to which the Plan is established including established; also, an individual who would have had Earned Income but for the fact that the trade trade, business or business partnership had no Net Profit net profits for the taxable year.

Appears in 1 contract

Samples: 401(k) Adoption Agreement (Garmin LTD)

Self-Employed Individual. An individual who has Earned Income for the taxable year from the trade trade, business or business for partnership with respect to which the Plan is established including established; also, an individual who would have had Earned Income but for the fact that the trade trade, business or business partnership had no Net Profit Profits for the taxable year.

Appears in 1 contract

Samples: 401(k) Retirement Plan Adoption Agreement (WHX Corp)

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