Separate Application to Nonelective and Matching. If applicable under the Plan, the Employer in its Adoption Agreement will elect whether to apply this Section 3.06(F): (a) to both Nonelective Contributions and to Matching Contributions if both components fail the ratio percentage test; (b) only to Nonelective Contributions if this component fails the ratio percentage test; or (c) only to Matching Contributions if this component fails the ratio percentage test.
Appears in 5 contracts
Samples: willamette.edu, Plan and Trust Agreement (Bob Evans Farms Inc), Adoption Agreement (Knowles Corp)
