Option 3 definition

Option 3. [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

Option 3. [ ] Yes, with respect to both Elective Deferrals and Nondeductible Employee Contributions.

Option 3. [_] The later of age ________ (not to exceed 65) or the ________ (not to exceed 5th) anniversary of the first day of the first Plan Year in which the Participant commenced participation in the Plan. NOTE: If no option is selected, Option 1 will be deemed to be selected. Part B. Early Retirement Age (Choose one option):

Examples of Option 3 in a sentence

• Also, non-project funds may be used for Option 3 or 4 and then repaid by withdrawal from the project at the rate of 75 percent of the annual insur- ance premium savings earned by the amount of escrow deposit, up to the amount deposited.

• Option 3: An audit of the annual financial report for each of the fiscal years ending June 30, 2024 (Year 1), June 30, 2025 (Year 2), and June 30, 2026 (Year 3).

• Three-year contract (Option 3) 2�Year 1),$ 22, 000 $ 22, 000 for the audit of the annual financial report for the fiscal year ending June 30, tYear 2), and$ 22, for the audit of the annual financial report for the fiscal year 000 ending June 30, 202 for the audit of the annual financial report for the fiscal year ending June 30, 202�Year 3).

• Three-year contract (Option 3) hours at $ 105.00 hours at $_105.00 per $ n/a for the audit of the annual financial report for the fiscal year ending June 30, (Year 1), $ n/a ending June 30, n/a (Year 2), and $ n/a for the audit of the annual financial report for the fiscal year ending June 30, n/a (Year 3).

More Definitions of Option 3

Option 3. [ ] As of the first day of any quarter.

Option 3. [X] Such amount, if any, as determined by the Employer in its sole discretion, equal to that percentage of the Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) of each Contributing Participant entitled thereto which would be sufficient to cause the Plan to satisfy the Actual Contribution Percentage tests (described in Section 11.402 of the Plan) for the Plan Year.

Option 3. [ ] 415 safe-harbor compensation.

Option 3. [X] Such amount, if any, equal to that percentage of each Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which the Employer, in its sole discretion, determines from year to year.

Option 3. [ ] Applied first to the payment of the Plan's administrative expenses and any excess applied to reduce Employer Profit Sharing Contributions (Choose one):

Option 3. [ ] Applied first to the payment of the Plan's administrative expenses and any excess applied to reduce Matching Contributions (Choose one):

Option 3. [ ] Last Day Requirement: The Participant is an Employee of the Employer on the last day of the Plan Year. However, this condition will be waived for the following reasons (Check at least one): [ ] The Contributing Participant's Death. [ ] The Contributing Participant's Termination of Employment after having incurred a Disability. [ ] The Contributing Participant's Termination of Employment after having reached Normal Retirement Age. [ ] This condition will not be waived.