Nonelective Contributions. For any "year," instead of a matching contribution, the Employer may elect to contribute a nonelective contribution of two percent (2%) of "compensation" for the "year" for each "eligible employee" who received at least $5,000 of "compensation" from the Employer for the "year."
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Sources: Non Standardized 401(k) Profit Sharing Plan (Aceto Corp), 401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)
Nonelective Contributions. For any "year," Year, instead of a matching contribution, the Employer we may elect to contribute a nonelective contribution of two percent (2%) % of "compensation" Compensation for the "year" full Year for each "eligible employee" who received at least $5,000 Eligible Employee. For purposes of "compensation" from the Employer for the "yearPlan, these contributions shall be Additional Contributions."
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Sources: 401(k) Profit Sharing Plan Adoption Agreement (First Financial Northwest, Inc.), 401(k) Profit Sharing Plan (Community Bancorp)
Nonelective Contributions. For any "year," instead of a matching contribution, the Employer may elect to contribute a nonelective contribution Nonelective Contribution of two percent (2%) of "compensation" for the full "year" for each "eligible employee" who received at least $5,000 of "compensation" from the Employer for the "year."
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