CONTRIBUTION TYPES Sample Clauses
The 'CONTRIBUTION TYPES' clause defines the various forms of input or resources that parties may provide under an agreement. This can include financial contributions, intellectual property, services, or tangible assets, and the clause typically outlines how each type is recognized and treated within the contractual relationship. By clearly specifying what constitutes a valid contribution, this clause ensures mutual understanding and helps prevent disputes over the nature or sufficiency of each party's involvement.
CONTRIBUTION TYPES. For this purpose, the Matching Funds may consist of the following types:
a. “Cash Contributions,” which may include cash contributions from the Grantee, cash contributions from outside sources that are directly applied to the Project; or cash outlays to directly support the Project through acquiring materials and supplies, buying equipment, paying for staff time used to work on the Project, and paying expenses such as travel, telephone, postage, or printing; and
b. “In-Kind Contributions,” which may include the reasonable value of the partial use of equipment, software, or staff from other divisions of the Grantee or from participating partners; the reasonable rental value of office space; or in-kind contributions from part- time or full-time personnel from other organizations that dedicate a certain percentage of their time to the Project, the value of which is calculated based on their regular hourly rate; or volunteers who work on the Project. If volunteers work outside of business hours, or do not have a regular hourly rate, the value of volunteer time shall not be deemed not to exceed forty dollars ($40.00) per hour.
CONTRIBUTION TYPES. The selections made below must correspond with the selections made under the Contributions and Allocations Section of this Adoption Agreement. FROZEN PLAN OR CONTRIBUTIONS HAVE BEEN SUSPENDED (Plan Section 4.1(c)) (optional)
a. [ ] This is a frozen Plan (i.e., all contributions cease) (if this is a temporary suspension, select a.2):
1. [ ] All contributions ceased as of, or prior to, the effective date of this amendment and restatement and the prior Plan provisions are not reflected in this Adoption Agreement (may enter effective date at 3. below and/or select prior contributions at i. – o. below(optional), skip questions 13-19 and 23-32)
2. [ ] All contributions ceased or were suspended and the prior Plan provisions are reflected in this Adoption Agreement (must enter effective date at 3. below and select contributions at b. - h.)
CONTRIBUTION TYPES. The selections made below must correspond with the selections made under the Contributions and Allocations Section of this Adoption Agreement. FROZEN PLAN OR CONTRIBUTIONS HAVE BEEN SUSPENDED (Plan Section 4.1(c)) (optional)
a. [ ] This is a frozen Plan (i.e., all contributions cease) (if this is a temporary suspension, select a.2):
1. [ ] All contributions ceased as of, or prior to, the effective date of this amendment and restatement and the prior Plan provisions are not reflected in this Adoption Agreement (may enter effective date at 3. below and/or select prior contributions at h. - k. (optional), skip questions 13-19 and 23-30)
2. [ ] All contributions ceased or were suspended and the prior Plan provisions are reflected in this Adoption Agreement (must enter effective date at 3. below and select contributions at b. - g.)
3. [ ] as of (effective date is optional unless a.2. has been selected above or this is the amendment or restatement to freeze the Plan). CURRENT CONTRIBUTIONS The Plan permits the following contributions (select one or more):
b. [ ] Employer contributions other than matching (Questions 24-25)
1. [ ] This Plan qualifies as a Social Security Replacement Plan (Question 24.e. must be selected)
c. [ ] Employer matching contributions (Questions 26-28)
d. [ ] Mandatory Employee contributions (Question 30)
e. [ ] After-tax voluntary Employee contributions
f. [ ] Rollover contributions (Question 36)
g. [ ] Student Loan Repayment Program (SLRP). See Plan Section 4.3(g) and Appendix B. (may not elect this option if the Employer offers student loans to its Employees) PRIOR CONTRIBUTIONS The Plan used to permit, but no longer does, the following contributions (choose all that apply, if any):
h. [ ] Employer matching contributions
i. [ ] Employer contributions other than matching contributions
j. [ ] Rollover contributions k. [ ] After-tax voluntary Employee contributions ELIGIBILITY REQUIREMENTS
CONTRIBUTION TYPES. (If this is a frozen Plan (i.e., all contributions have ceased), choose a. only):
a. [ ] Contributions cease. All Contributions have ceased or will cease (Plan is frozen).
CONTRIBUTION TYPES. The Employer and/or Participants, in accordance with the Plan terms, make the following contributions to the Plan (Choose one or more of
CONTRIBUTION TYPES. This Plan is for Elective Deferrals only. Contribution types other than Elective Deferrals are not permitted.
CONTRIBUTION TYPES. Contribution Types means the contribution types required or permitted under the Plan as the Employer elects in its Adoption Agreement.
CONTRIBUTION TYPES. The following contributions are authorized under this Plan. The selections made below should correspond with the selections made under the Contributions and Allocations section of this Adoption Agreement.
a. [ ] Employer Profit Sharing Contributions (includes Prevailing Wage Contributions) (Question 27.)
b. [ ] Rollover Contributions (Question 39.)
c. [ ] This is a frozen Plan effective: .
CONTRIBUTION TYPES. (1.12). The Employer and/or Participants, in accordance with the Plan terms, make the following Contribution Types to the Plan/Trust (Choose one or more of (a) through (h) as applicable. Choose (i) if applicable):
(a) [ ] Pre–Tax Deferrals. See Section 3.02 and Elections 20–23.
(b) [ ] ▇▇▇▇ Deferrals. See Section 3.02(E) and Elections 20, 21, and 23. [Note: The Employer may not limit Elective Deferrals to ▇▇▇▇ Deferrals only.]
(c) [ ] Matching. See Sections 1.34 and 3.03 and Elections 24–26. [Note: The Employer may make an Operational QMAC without electing 6(c). See Section 3.03(C)(2).]
(d) [ ] Nonelective. See Sections 1.37 and 3.04 and Elections 27–29. [Note: The Employer may make an Operational QNEC without electing 6(d). See Section 3.04(C)(2).]
(e) [ ] Safe Harbor/Additional Matching. The Plan is (or pursuant to a delayed election, may be) a safe harbor 401(k) Plan. The Employer will make (or under a delayed election, may make) Safe Harbor Contributions as it elects in Election 30. The Employer may or may not make Additional Matching Contributions as it elects in Election 30. See Election 26 as to matching Catch-Up Deferrals. See Section 3.05.
(f) [ ] Employee (after–tax). See Section 3.09 and Election 35.
(g) [ ] SIMPLE 401(k). The Plan is a SIMPLE 401(k) Plan. See Section 3.10. The Employer operationally will elect for each Plan Year to make a SIMPLE Matching Contribution or a SIMPLE Nonelective Contribution as described in Section 3.10(E). The Employer must notify Participants of the Employer's SIMPLE contribution election and of the Participants' deferral election rights and limitations within a reasonable period of time before the 60th day prior to the beginning of the Plan Year. [Note: The Employer electing 6(g) may not elect any other Contribution Types except under Elections 6(a), 6(b), and 6(h).]
(h) [ ] Designated IRA. See Section 3.12 and Election 36.
(i) [ ] None (frozen plan). The Plan is/was frozen effective as of: . See Sections 3.01(J) and 11.04. [Note: Elections 20 through 30 and Elections 35 through 37 do not apply to any Plan Year in which the Plan is frozen.]
CONTRIBUTION TYPES. The Employer in its Adoption Agreement will elect the Contribution Type(s) and any formulas, allocation methods, conditions and limitations applicable thereto, except where the Plan expressly reserves discretion to the Employer or to the Plan Administrator.