Common use of Testing Elections Clause in Contracts

Testing Elections. The Plan is not subject to ADP or ACP testing. The Plan does not offer Voluntary After-tax or Required After-tax Contributions and it either meets the Safe Harbor provisions of Section VI(I) of this Adoption Agreement, or it does not benefit any Highly Compensated Employees.

Appears in 2 contracts

Samples: Defined Contribution Plan (ASB Bancorp Inc), Savings and Investment Plan Document (Sterling Chemicals Inc)

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Testing Elections. [x] 1. The Plan is not subject to ADP or ACP testing. The Plan does not offer Voluntary After-tax or Required After-tax Contributions and it either meets the Safe Harbor provisions of Section VI(I) of this Adoption Agreement, or it does not benefit any Highly Compensated Employees.

Appears in 2 contracts

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct), Adoption Agreement (Connecticut Water Service Inc / Ct)

Testing Elections. [ ] 1. The Plan is not subject to ADP or ACP testing. The Plan does not offer Voluntary After-tax or Required After-tax Contributions and it either meets the Safe Harbor provisions of Section VI(I) of this Adoption Agreement, or it does not benefit any Highly Compensated Employees.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (1st Constitution Bancorp)

Testing Elections. ¨ 1. The Plan is not subject to ADP or ACP testing. The Plan does not offer Voluntary After-tax or Required After-tax Contributions and it either meets the Safe Harbor provisions of Section VI(I) of this Adoption Agreement, or it does not benefit any Highly Compensated Employees. ¨ 2. This Plan is using the Current Year testing method for purposes of the ADP Test.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (United Community Bancorp)

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Testing Elections. [ ] 1. The Plan is not subject to ADP or ACP testing. The Plan does not offer Voluntary After-tax or Required After-tax Contributions and it either meets the Safe Harbor provisions of Section VI(IVl(l) of this Adoption Agreement, or it does not benefit any Highly Compensated Employees. [x] 2. This Plan is using the Current Year testing method for purposes of the ADP Test. [x] 3. This Plan is using the Current Year testing method for purposes of the ACP Test.

Appears in 1 contract

Samples: Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

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