▇▇▇▇▇-▇▇▇▇▇ Contribution Formula. The Employer may elect a ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula under Part 4, #12.d. of the Nonstandardized Agreement [Part 4C, #20.d. of the Nonstandardized 401(k) Agreement]. Under the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula, the Employer will provide an Employer Contribution for each Eligible Participant who performs ▇▇▇▇▇-▇▇▇▇▇ Act Service. For this purpose, ▇▇▇▇▇-▇▇▇▇▇ Act Service is any service performed by an Employee under a public contract subject to the ▇▇▇▇▇-▇▇▇▇▇ Act or to any other federal, state or municipal prevailing wage law. Each such Eligible Participant will receive a contribution based on the hourly contribution rate for the Participant’s employment classification, as designated on Schedule A of the Agreement. Schedule A is incorporated as part of the Agreement. In applying the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula under this subsection (1), the following default rules will apply. The Employer may modify these default rules under Part 4, #12.d.(2) of the Nonstandardized Agreement [Part 4C, #20.d.(2) of the Nonstandardized 401(k) Agreement].
Appears in 2 contracts
Sources: Defined Contribution Plan and Trust (National Penn Bancshares Inc), Defined Contribution Prototype Plan and Trust Agreement (Mercantile Bancorp, Inc.)
▇▇▇▇▇-▇▇▇▇▇ Contribution Formula. The Employer may elect a ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula under Part 4, #12.d. of the Nonstandardized Agreement [Part 4C, #20.d. of the Nonstandardized 401(kProfit Sharing/401(k) Agreement]. Under the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula, the Employer will provide an Employer Contribution for each Eligible Participant who performs ▇▇▇▇▇-▇▇▇▇▇ Act Service. For this purpose, ▇▇▇▇▇-▇▇▇▇▇ Act Service is any service performed by an Employee under a public contract subject to the ▇▇▇▇▇-▇▇▇▇▇ Act or to any other federal, state or municipal prevailing wage law. Each such Eligible Participant will receive a contribution based on the hourly contribution rate for the Participant’s 's employment classification, as designated on Schedule A of the Agreement. Schedule A is incorporated as part of the Agreement. In applying the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula under this subsection (1), the following default rules will apply. The Employer may modify these default rules under Part 4, #12.d.(2) of the Nonstandardized Agreement [Part 4C, #20.d.(2) of the Nonstandardized 401(kProfit Sharing/401(k) Agreement].
Appears in 1 contract
Sources: Profit Sharing/401(k) Prototype Plan and Trust (Capital Corp of the West)