Common use of Frequency and Eligibility Clause in Contracts

Frequency and Eligibility. Subject to the limits of the Plan and to the Administrator’s authority to limit Contributions under the Plan, for each Plan Year the Employer may make a Pay Based Contribution in an amount determined by the Employer on behalf of each Participant.

Appears in 2 contracts

Sources: Salaried 401(k) Plan (Pepsiamericas Inc/Il/), Salaried 401(k) Plan (Pepsiamericas Inc/Il/)

Frequency and Eligibility. Subject to the limits of the Plan and to the Administrator’s authority to limit Contributions under the Plan, for each Plan Year the Employer may make a Pay Based Special Contribution in an amount determined by the Employer Administrator on behalf of each ParticipantNon-Highly Compensated Employee Participant who was an Eligible Employee at any time during the Plan Year.

Appears in 2 contracts

Sources: Salaried 401(k) Plan (Pepsiamericas Inc/Il/), Salaried 401(k) Plan (Pepsiamericas Inc/Il/)

Frequency and Eligibility. Subject to the limits of the Plan and to the Administrator’s authority to limit Contributions under the Plan, for each Plan Year Year, the Employer may make a Pay Based Special Contribution in an amount determined by the Employer Administrator on behalf of each ParticipantNon-Highly Compensated Employee Participant who is an Eligible Employee at any time during the Plan Year.

Appears in 2 contracts

Sources: 401(k) Plan (Pepsiamericas Inc/Il/), 401(k) Plan (Pepsiamericas Inc/Il/)