Common use of STANDARDIZED PLAN Clause in Contracts

STANDARDIZED PLAN. If the Plan is a Standardized Plan, a Participant who is employed by the Employer on the last day of a Plan Year will share in the allocation of Employer Contributions for that Plan Year without regard to the Participant's Hours of Service completed during that Plan Year.

Appears in 3 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

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STANDARDIZED PLAN. If the Plan is a Standardized Plan, a Participant who is employed by the Employer on the last day of a Plan Year will share in the allocation of Employer Contributions for that Plan Year without regard to the Participant's ’s Hours of Service completed during that Plan Year.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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