|
'1
<br /> I
<br /> I
<br /> i
<br /> I
<br /> I
<br /> !
<br /> !
<br /> I
<br />
<br /> I
<br />I
<br /> i
<br /> I
<br /> I
<br /> I
<br /> I
<br /> I
<br /> I
<br />
<br /> '' Ce";," ;:,'',o'~;
<br />
<br />4.06 P~yment of Pedicipanl Contributions. Pamclpanlconlnbu-
<br /> t or,~ whcff:er manca~orj or voluqlP- shall ~ made by payroll
<br /> sec.:' or. and she: be coplr~bd'eC to the ~rus', as spcc,hed
<br /> ,~, thc ~CCpt O'. Agra, ernest
<br />
<br />4. 7 Changes m Volunla~ ~ntdbuhons. A Panic,pant may mecl
<br /> 1c crJ2t ge h;s/hc~ ~o,uni~ Cont,.bdt,On rate. p'.. ,dod lhel on,y
<br />
<br /> Or&( 8 P~d;cipbql hfi5 d,scontmd~ such contr,bubons, he'she
<br /> ~y r~oJ resume volunlaW Contributions for s;~ calendar
<br />
<br />4.08 Pod~bility of Benef~Is. An Employee with~fl the Covered
<br /> E%~'3/ment ClassJicat~on. ~e:her or ~[ he/she has
<br /> the q ,mmum age and se~Jce requirements of A2icle IH. may
<br />
<br /> t,o-'s 40:~a; or 403's~ of the Code to th~s Plan. provided:
<br />
<br /> ( a ) The d~stnb~on ts (I) on account of termination er di~on-
<br /> tmuarce of the plan or (2~ the distribution renresents a
<br /> lure3 sum C~s:r;b~l;O¢ which b~om~s ~yable c - account
<br />
<br /> Jy or a~er lhe Employer a~ta~ns 8ge 59',2.
<br />
<br /> (b~ The 8mount distr~but~ from Ihe plan is transfe"~ to this
<br /> F.3q no la:er lhBn the ~h say a~er distrib~ion was made
<br /> J~om the pla~,
<br />
<br /> (c) Tre c,s~nbut;on consdldled the Employee's enhre interest
<br /> iq ~6 Dian and wBs d;sJr~buted wJthl~ one taxable year
<br /> Jo the Employee,
<br />
<br /> fo) T'e ~mount transferred to this P:an does not include any
<br /> zm3~nls contributed by lhe Empioyee Io the pla~, and
<br />
<br /> re) T~o ~mployee wes not ar ~'ner-~mployee uflde' such
<br /> ~ ~¢. w4hm 1he meaning o~ ~ctton ~(8)(~ Of the Code.
<br />
<br /> S~c-. :-8"s¢e' (rcilover) may ai~ be through an Individual
<br /> ~e'.-eF'.¢~t P~an qu~:ified un,er Section 408 of ~he
<br />
<br /> AS ~ ¢C%c2'.: from the prior plan and ~he Iransfer is made ;n
<br /> ~:c;-car :s ?.i:r. tre ru'65 provided at (a) through (er of this
<br /> ;3'&~'s:q ~qc :~5 :r3~sf6~ 0065 ~o[ ~r, ciude any perscnai con-
<br /> t; s:_~ gr5 cr 6~-Rlng5 thereon the Pan;c~p~n[ ~y have mace
<br /> t3 :re ',2c:v'dda'. Re3rement
<br />
<br /> ~re a%Cuq~ tra~s'erred shall be deposited in the Trust and
<br /> s%s" %~ c'6~ted ~o 8 Potable Eene~ts A6count. Such
<br /> st.a: be 100 perceqt vested in the Employee.
<br />
<br /> 4.09 Limitation on Annual Addition. The annual add4~on to ~ Par-
<br /> ~;C:a~'s accounts fo~ a Lim;t~tJon Year shall nc( exceed
<br /> h.s ~er m&~,mdm annual add,t;on, which shall ~ lhe lesser
<br />
<br /> ~al T¢,6~.ry-flve pcrcem of such Padicipant's Compensation
<br /> cdr,-] th6 L~m~tadon Year: or
<br />
<br /> (~ ire amodnl permuted under the Code Section 415(c)(1)
<br /> (b). ~.s adlusted from time to time under Code Sestion
<br /> z 15. d)(1) 8nd Treas. Reg. 1.41 ~d), and in effec: fo~ the
<br /> c :: .;2aar year m which the L~m¢lation Year ends
<br />
<br /> ~.~0 Ar.~.u~ Addition. The a-nual addil~on to a Pad~6ipant's ac-
<br /> cc,=tS lot a Limitat,on % car shall be t~e sum ot:
<br />
<br /> (&) E~ployer contributions and fode~tures, plus amounls rea~
<br /> phed pufsuan[ Io Section 4.11 of the Plan, and
<br />
<br /> (bl ~'t.~, 11'5'.r" C! !1) O [r"[Id~C,[;nr,l S cc'r~r,l[:Ui<m% (olhtr,
<br />
<br /> ~ "'qua ~V:rtg ¢o.',O,or d~s:qbuhon" Ceschbed m ~Pchon a
<br />
<br />4.11 ElJmin¢~on of Excess Annual Addtbons. Any annual acc '
<br /> in e~cess ct Jh~ hm~lahons of Secbon 4 09 ol :ne Plan
<br /> b~ ehmm~ed m th~ following
<br />
<br /> (aj F:rSl. vo,u'~6'~ conl'lbu~'o~s [other than Oeduct.:
<br /> Stop;Dye[ Cc~r~bul~ons~ and next. ~f ri(cosecr. an}
<br /> dalory COrd- but,OhS, mc~ucmg an) aa'rungs and
<br /> m~us any losses 8:tnbut~bl8 therelo, tO Ihe
<br /> nc. oess~W '.c =forint 8', e~gess annual ¢¢dlhon, She'!
<br />
<br /> (b) If necessa,j then, next. Employer contributions ant
<br /> Jo~eltdtas cfed4ed to the ~ad,c,p&~t's account Jot t~
<br /> ~m[tation Year. including any earmnGs 8nd gains, minus
<br /> any losses attributable therelo, lo the ¢~ent necess~'f
<br /> 1o prevent an excess annual addibon, shall ~
<br /> to the Sus~nse Accou~l asd sh¢!l be rea2~hed to r~uce
<br /> doJJ~t-Jor~c, fi&r Empioyer contribut~c~s otne~tse requ:re3
<br /> lc be mac4 lot the nexl L~mitat,on Year ar ~ succe~,n~
<br /> Limitation Years, ii necess~,.
<br />
<br />4.12 Sho~ ~m~tion Year. Nmwithstanding anything to the co~¢
<br /> tr8~ in Section 4.Cg of the P~sn. if a shorn Urn*tat on Yea' mS
<br /> crea:~ ~au~ c~ an ame~ment c~.~g t~ Um~a:,on
<br /> to a difierem 12consecutive month ~a~. the m~mum
<br /> nual a0d4ian for the short Lima[at,on Year shall ~ ~,e le~r
<br />
<br /> (a) The amount described in Section 4 09~% of the Plan lc'
<br /> such bmJtahon Year multiplied by the follov. ~g frac:cn:
<br />
<br /> numbe, of months m the
<br /> sho~ Limitation Year
<br />
<br /> 12
<br /> or
<br />
<br /> {bi TwenU-five ~rcent of the Pa~cipant's ~m~nsation for
<br /> the sho~ L~m~tat[on Year.
<br />
<br />4.13 Pa~icipant in ~her Defined ~nttibution Plans.
<br /> stano}ng any other provision in this Plan. if any annual acc~-
<br /> lions ~re ell~ai~ under any other Defm~ ~niribulion P~aF s
<br /> main[amed ~y the Employer with res~ct to a PaAic~pan:
<br /> this Plan. and the annua; additions to the Pa~ic:pant's
<br />
<br /> p;&~. wOdiC, b~% fur tn~s So,iOn 4.13, exce~ h~s'he: m~;mum
<br /> annuai add~don for a L~mitahcn Yesr, then his/her annu~~
<br /> dh~cns shah be reddce~ first in accordance w~th suc
<br /> P:ans (ff they p-~v~de for such red,error, m this si:u~tiocj,
<br /> then to the e~ent necess~ in accordance with Section 4.11
<br /> of the Plan.
<br />
<br />4.14 Pedicipantin Defined Benefit Plan. IfaPa~;c[p~nthas
<br /> any time bee~ s pamc~pant in any Defined Benefit Plan ma
<br /> rained by the Stop;dyer. then for any Limitation Yezr. the sum
<br /> of ~he Defined Ee~efit Plan Fraction and the Defined
<br /> tion P~8~ FrEcfic* s~8il not exceed 1.0. If this limitation
<br /> be exceeded, th6~ ~he Pamcipam's projected annual bone;ct
<br /> under the Defined Benefit Plan shall be r~uced in accordance
<br /> with the terms thereof to the extort[ necessa~ to satis~
<br /> 1.0 limitation descnbed in !his Section 4.14. If such Plan dc~s
<br /> not provide for such reduction or it the 1.0 l,mitation is still ex-
<br /> ceeded a~er the reduction, annual add;t;ons shah be reduced
<br /> to the extent necessaW in the manner described in
<br /> 4.11 of the Plan.
<br />
<br />4.15 Definitions for Sections 4.13 and 4.14. For pur~ses of
<br /> lions 4.13 and 4.14 of the Plan, the following definitions appiy:
<br />
<br />
<br />
|