Common use of QUALIFYING CONTRIBUTING PARTICIPANTS Clause in Contracts

QUALIFYING CONTRIBUTING PARTICIPANTS. A Contributing Participant who satisfies the eligibility requirements described in Section 4 will be a Qualifying Contributing Participant and thus entitled to share in Matching Contributions for any Plan Year only if the Participant is a Contributing Participant and satisfies the following additional conditions (Check one or more Options): OPTION 1: / / No Additional Conditions. OPTION 2: / / Hours of Service Requirement. The Contributing Participant completes at least ____________ Hours of Service during the Plan Year. However, this condition will be waived for the following reasons (Check at least one): / / The Contributing Participant's Death. / / The Contributing Participant's Termination of Employment after having incurred a Disability. / / The Contributing Participant's Termination of Employment after having reached Normal Retirement Age. / / This condition will not be waived.

Appears in 1 contract

Sources: Adoption Agreement (Bradford Funds Inc)

QUALIFYING CONTRIBUTING PARTICIPANTS. A Contributing Participant who satisfies the eligibility requirements described in Section 4 will be a Qualifying Contributing Participant and thus entitled to share in Matching Contributions for any Plan Year only if the Participant is a Contributing Participant and satisfies the following additional conditions (Check one or more Options): OPTION Option 1: / / o No Additional Conditions. OPTION Option 2: / / o Hours of Service Requirement. The Contributing Participant completes at least ____________ (not more than 500) Hours of Service during the Plan Year. However, this condition will be waived for the following reasons (Check at least one): / / o The Contributing Participant's Death. / / o The Contributing Participant's Termination of Employment after having incurred a Disability. / / o The Contributing Participant's Termination of Employment after having reached Normal Retirement Age. / / o This condition will not be waived.

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Ihop Corp)

QUALIFYING CONTRIBUTING PARTICIPANTS. A Contributing Participant who satisfies the eligibility requirements described in Section 4 will be a Qualifying Contributing Participant and thus entitled to share in Matching Contributions for any Plan Year only if the Participant is a Contributing Participant and satisfies the following additional conditions (Check one or more Options): OPTION 1: / / No Additional Conditions. OPTION 2: / / Hours of Service Requirement. The Contributing Participant completes at least ____________ (not more than 500) Hours of Service during the Plan Year. However, this condition will be waived for the following reasons (Check at least one): / / The Contributing Participant's Death. / / The Contributing Participant's Termination of Employment after having incurred a Disability. / / The Contributing Participant's Termination of Employment after having reached Normal Retirement Age. / / This condition will not be waived.

Appears in 1 contract

Sources: Adoption Agreement (Bradford Funds Inc)

QUALIFYING CONTRIBUTING PARTICIPANTS. A Contributing Participant who satisfies the eligibility requirements described in Section 4 will be a Qualifying Contributing Participant and thus entitled to share in Matching Contributions for any Plan Year only if the Participant is a Contributing Participant and satisfies the following additional conditions (Check one or more Options): OPTION 1: / / ): a. [X] No Additional Conditions. OPTION 2: / / . b. [ ] Hours of Service Requirement. The Contributing Participant completes at least _____________ (not more than 500) Hours of Service during the Plan Year. However, this condition will be waived for the following reasons (Check at least one): / / [ ] The Contributing Participant's Death. / / [ ] The Contributing Participant's Termination of Employment after having incurred a Disability. / / [ ] The Contributing Participant's Termination of Employment after having reached Normal Retirement Age. / / [ ] This condition will not be waived.

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Ivc Industries Inc)