Common use of Not Permitted Clause in Contracts

Not Permitted. May not make any Catch-Up Deferrals to the Plan. 22. MATCHING CONTRIBUTIONS (EXCLUDING SAFE HARBOR MATCH AND ADDITIONAL MATCH UNDER SECTION 3.05) (3.03(A)). The Matching Contributions under Election 6(c) are subject to the following additional elections regarding type (discretionary/fixed), rate/amount, limitations and time period (collectively, such elections are “the matching formula”) and the allocation of Matching Contributions is subject to Section 3.06 except as otherwise provided. (Choose one or more of (a) through (h); then, for the elected Matching Contribution, complete (1), (2) and/or (3) as applicable. If the Employer completes (2) or (3), also complete (4), (5) or (6)): [Note: If the Employer wishes to make any Matching Contributions that satisfy the ACP safe harbor, the Employer should make those elections under Election 24, and not under this Election 22.] (1) (2) (3) (4) (5) (6)

Not Permitted. May not make any Catch-Up Deferrals to the Plan. 22. MATCHING CONTRIBUTIONS (EXCLUDING SAFE HARBOR MATCH AND ADDITIONAL MATCH UNDER SECTION 3.05) (3.03(A)). The Matching Contributions under Election 6(c) are subject to the following additional elections regarding type (discretionary/fixed), rate/amount, limitations and time period (collectively, such elections are “the matching formula”) and the allocation of Matching Contributions is subject to Section 3.06 except as otherwise provided. (Choose one or more of (a) through (h); then, for the elected Matching Contribution, complete (1), (2) and/or (3) as applicable. If the Employer completes (2) or (3), also complete (4), (5) or (6)): [Note: If the Employer wishes to make any Matching Contributions that satisfy the ACP safe harbor, the Employer should make those elections under Election 24, and not under this Election 22.] (1) (2) (3) (4) (5) (6) (a) Discretionary. See Section 1.47(B) (The (b) Fixed - Uniform Rate/ Amount: