Common use of Exclusions From Compensation Clause in Contracts

Exclusions From Compensation. Compensation shall not include the following (CHECK ANY THAT APPLY): / / Bonuses / / Commissions / / Overtime / / Other (SPECIFY) ----------------------- NOTE: NO EXCLUSIONS FROM COMPENSATION ARE PERMITTED IF THE INTEGRATED ALLOCATION FORMULA IN SECTION 10, PART B IS SELECTED. SECTION 12. VESTING AND FORFEITURES COMPLETE PARTS A THROUGH G PART A. VESTING SCHEDULE FOR EMPLOYER PROFIT SHARING CONTRIBUTIONS. A Participant shall become Vested in his or her Individual Account derived from Profit Sharing Contributions made pursuant to Section 10 of the Adoption Agreement as follows (CHOOSE ONE): ------------------------------------------------------------------------------------------------------------------ YEARS OF VESTED PERCENTAGE VESTING SERVICE Option 1 Option 2 Option 3 Option 4 Option 5 /X/ (COMPLETE IF CHOSEN) ------------------------------------------------------------------------------------------------------------------ 1 0% 0% 100% 0% 25% 2 0% 20% 100% 0% 50% 3 0% 40% 100% 20% 75% (not less than 20%) 4 0% 60% 100% 40% 100% (not less than 40%) 5 100% 80% 100% 60% ___% (not less than 60%) 6 100% 100% 100% 80% ___% (not less than 80%) 7 100% 100% 100% 100% ___%(not less than 100%) NOTE: IF NO OPTION IS SELECTED, OPTION 3 WILL BE DEEMED TO BE SELECTED.

Appears in 1 contract

Sources: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Perficient Inc)

Exclusions From Compensation. Compensation shall not include the following (CHECK ANY THAT APPLYCheck any that apply): / / Bonuses / / Commissions / / Overtime / / Other (SPECIFY) ----------------------- NOTE: NO EXCLUSIONS FROM COMPENSATION ARE PERMITTED IF THE INTEGRATED ALLOCATION FORMULA IN SECTION No exclusions from Compensation are permitted if the integrated allocation formula in Section 10, PART Part B IS SELECTEDis selected. ------------------------------------------------------------------------------------------------------------------------------------ SECTION 12. VESTING AND FORFEITURES COMPLETE PARTS Complete Parts A THROUGH through G ------------------------------------------------------------------------------------------------------------------------------------ PART A. VESTING SCHEDULE FOR EMPLOYER PROFIT SHARING CONTRIBUTIONS. A Participant shall become Vested in his or her Individual Account derived from Profit Sharing Contributions made pursuant to Section 10 of the Adoption Agreement as follows (CHOOSE ONEChoose one): ------------------------------------------------------------------------------------------------------------------ ==================================================================================================================================== YEARS OF VESTED PERCENTAGE VESTING SERVICE Option 1 [ ] Option 2 [X] Option 3 [ ] Option 4 [ ] Option 5 /X/ [ ] (COMPLETE IF CHOSENComplete if Chosen) ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ 1 0% 0% 100% 0% 25% ---------- 2 0% 20% 100% 0% 50% ---------- 3 0% 40% 100% 20% 75% (not less than 20%) ---------- 4 0% 60% 100% 40% 100% (not less than 40%) ---------- 5 100% 80% 100% 60% ___% (not less than 60%) ---------- 6 100% 100% 100% 80% ___% (not less than 80%) ---------- 7 100% 100% 100% 100% ___%% (not less than 100%) ---------- NOTE: IF NO OPTION IS SELECTEDIf no option is selected, OPTION Option 3 WILL BE DEEMED TO BE SELECTED.will be deemed to be selected. ====================================================================================================================================

Appears in 1 contract

Sources: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Camco Financial Corp)