USE OF SAFE HARBOR CONTRIBUTIONS TO SATISFY TOP. HEAVY CONTRIBUTION RULES If elected in the Adoption Agreement, a 3% Safe Harbor Non-Elective Contribution allocated to all eligible Employees may be used to satisfy the minimum contribution requirement for a Top-Heavy Plan. A Safe Harbor Matching Contribution may not be used to satisfy the minimum contribution requirement for a Top-Heavy Plan.
Appears in 4 contracts
Samples: Prototype Defined Contribution (Spheris Leasing LLC), Nonstandardized Adoption Agreement (Felcor Lodging Trust Inc), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)