Type of Plan Sample Clauses

Type of Plan. The Plan will be a Defined Contribution Pension Plan. Participation in the Plan shall be voluntary.

Type of Plan. (1) ¨ 401(k) Only (2) x 401(k) and Profit Sharing (3) ¨ Profit Sharing Only

Type of Plan. The Plan will be a Defined Contribution Pension Plan which will cover regular employees in the bargaining unit.

Type of Plan. 1. Profit Sharing only — Elective Contributions (401(k) contributions) are not permitted. The Employer may make Nonelective Employer Contributions in the manner elected in this Adoption Agreement. 2. Safe Harbor 401(k) Plan — Elective Contributions (401(k) contributions) are permitted and the Employer will make Safe Harbor Nonelective Employer Contributions to the Plan on behalf of Eligible Participants equal to 3% of their “Compensation” for the Plan Year. The Employer may make Nonelective Employer Contributions in the manner elected in this Adoption Agreement. 🗸3. Non-Safe Harbor 401(k) Plan — Elective Contributions (401(k) contributions) are permitted. The Employer will not make Safe Harbor Nonelective Employer Contributions to the Plan. The Employer may make Nonelective Employer Contributions in the manner elected in this Adoption Agreement.

Type of Plan. The Board will purchase a plan of Health and Hospital Insurance in order to comply with 7.02, which is administered by the Southwestern Ohio Educational Purchasing Cooperative (EPC). A summary of benefits shall be placed as information in the appendix.

Type of Plan. The Board will provide health and prescription drug benefits as identified in the Xxxxxx Health Plan (BHP) as outlined in the current benefit plan book. Both PPO and HDHP/HSA plans will be available. This plan includes special eligibility requirements for spouses on the medical plan only.

Type of Plan. This Plan shall be (check one): (a) An Evergreen Plan under which the Employer establishes and maintains a Participant’s Account, which may have sub-accounts depending on the Employer’s election, on behalf of each Eligible Employee which include, if applicable, but are not limited to a (1) Salary Reduction Contribution Account, (2) Performance-Based Compensation Account, (3) Matching Contribution Account, and (4) Nonelective Employer Contribution Account to which (1) Salary Reduction Contributions, (2) Performance-Based Compensation, (3) Matching Contributions and (4) Nonelective Employer Contributions shall be credited. (b) A Calendar Year Plan under which the Employer establishes and maintains a Participant’s Account on behalf of each Eligible Employee’s Annual Sub-Account(s) which include, if applicable, but are not limited to a (1) Salary Reduction Contribution Account, (2) Performance-Based Compensation Account, (3) Matching Contribution Account, and (4) Nonelective Employer Contribution Account to which (1) Salary Reduction Contributions, (2) Performance-Based Compensation, (3) Matching Contributions and (4) Nonelective Employer Contributions shall be credited to each respective Annual Sub-Account. Distribution Election Method (check one if 8(b) above is selected): x (i) Annual Election—A Participant must make a new Distribution Election each Taxable Year for future contributions to the Annual Sub-Account for the next year.

Type of Plan. The Agreement provides a life insurance benefit. Named Fiduciary, Plan Sponsor, Plan Administrator and Agent for Service of Legal Process. The Company is the named fiduciary, sponsor, Plan Administrator and agent for service of legal process for the Agreement. If you have any questions about the Agreement, you may contact:

Type of Plan i. [ ] Plan maintained by a tax-exempt entity within the meaning of Code section 457(e)(1)(B). ii. [ X ] Governmental Plan maintained by a state or related entity within the meaning of Code section 457(e)(1)(A). Plan Features

Type of Plan. It is the intent of the Company that the Plan be a profit sharing plan as defined in Article 1165-1 of the Puerto Rico Income Tax Regulations and that it include a qualified cash or deferred arrangement pursuant to Section 1165(e) of PRIRC.