Common use of BREAK IN SERVICE - PARTICIPATION Clause in Contracts

BREAK IN SERVICE - PARTICIPATION. (2.03). The one year hold-out rule described in Section 2.03(C) (Choose one of (a), (b), or (c)): (a) [ ] Does not apply. (b) [ ] Applies. Applies to the Plan and to all Participants. (c) [ ] Limited application. Applies to the Plan, but only to a Participant who has incurred a Separation from Service. [Note: The Plan does not apply the rule of parity under Code §410(a)(5)(D) unless the Employer in Appendix B specifies otherwise. See Section 2.03(D).] 20. EMPLOYER CONTRIBUTIONS TYPE/AMOUNT (3.04(A)). The Employer Contribution under Election 6(a) is subject to the following additional elections as to type and amount (Choose one or more of (a) through (f) as applicable): (a) [ ] Pro rata. % of each Participant's Compensation for the Plan Year. (b) [ ] Permitted disparity (integrated contribution). In accordance with the permitted disparity allocation provisions of Section 3.04(B)(2) but applied as to the contribution, under which the following permitted disparity formula and definition of "Excess Compensation" apply (Choose one of (1) or (2). Complete (3)): (1) [ ] Excess formula. (Complete a. and b.): a. of each Participant's Compensation for the Plan Year, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The second percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Section 3.04(B)(2)(c).] (2) [ ] Step-rate formula. (Complete a. and b.): a. of each Participant's Compensation for the Plan Year but excluding Excess Compensation, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The difference between the second percentage and the first percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Plan Section 3.04(B)(2)(c).]

BREAK IN SERVICE - PARTICIPATION. (2.03). The one year hold-out rule described in Section 2.03(C) (Choose one of (a), (b), or (c)): (a) [ ] Does not apply. (b) [ ] Applies. Applies to the Plan and to all Participants. (c) [ ] Limited application. Applies to the Plan, but only to a Participant who has incurred a Separation from Service. [Note: The Plan does not apply the rule of parity under Code §410(a)(5)(D) unless the Employer in Appendix B specifies otherwise. See Section 2.03(D).] 20. EMPLOYER CONTRIBUTIONS TYPE/AMOUNT (3.04(A)). The Employer Contribution under Election 6(a) is subject to the following additional elections as to type and amount (Choose one or more of (a) through (f) as applicable): (a) [ ] Pro rata. % of each Participant's Compensation for the Plan Year. (b) [ ] Permitted disparity (integrated contribution). In accordance with the permitted disparity allocation provisions of Section 3.04(B)(2) but applied as to the contribution, under which the following permitted disparity formula and definition of "Excess Compensation" apply (Choose one of (1) or (2). Complete (3)): (1) [ ] Excess formula. formula (Complete a. and b.): a. of each Participant's Compensation for the Plan Year, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The second percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Section 3.04(B)(2)(c).] (2) [ ] Step-rate formula. (Complete a. and b.): a. of each Participant's Compensation for the Plan Year but excluding Excess Compensation, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The difference between the second percentage and the first percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Plan Section 3.04(B)(2)(c).]