eTrade 2008 Annual Report Download - page 192

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ARTICLE III
CONTRIBUTIONS
SECTION 3.01—EMPLOYER CONTRIBUTIONS.
Employer Contributions shall be made without regard to current or accumulated net income, earnings, or profits of the
Employer. Notwithstanding the foregoing, the Plan shall continue to be designed to qualify as a profit sharing plan for purposes of
Code Sections 401(a), 402, 412, and 417. Such Contributions shall be equal to the Employer Contributions as described below:
The elective deferral agreement to start or modify Elective Deferral Contributions shall be effective as soon as
administratively feasible following the date on which the Participant’s Entry Date (Reentry Date, if applicable) or any
following date occurs. The elective deferral agreement must be entered into on or before the date it is effective.
The elective deferral agreement to stop Elective Deferral Contributions may be entered into on any date. Such elective
deferral agreement shall be effective as soon as administratively feasible following the date on which the elective deferral
agreement is entered into.
A Participant who is age 50 or older by the end of the taxable year shall be eligible to make Catch-up Contributions.
On and after January 1, 2007, a Participant may elect to designate all or any portion of his future Elective Deferral
Contributions as Roth Elective Deferral Contributions.
The Plan provides for an automatic election to have Elective Deferral Contributions made. The automatic Elective Deferral
Contribution shall be Pre-tax Elective Deferral Contributions and shall be 3% of Compensation. The Participant may
affirmatively elect a different percentage or elect not to make Elective Deferral Contributions, and may elect to designate
all or any portion, on and after January 1, 2007, of his Elective Deferral Contributions as Roth Elective Deferral
Contributions.
Elective Deferral Contributions are 100% vested and nonforfeitable.
(a) The amount of each Elective Deferral Contribution for a Participant shall be equal to a portion of Compensation as
specified in the elective deferral agreement. An Employee who is eligible to participate in the Plan for purposes of Elective
Deferral Contributions may file an elective deferral agreement with the Employer. The Participant shall modify or
terminate the elective deferral agreement by filing a new elective deferral agreement. The elective deferral agreement may
not be made retroactively and shall remain in effect until modified or terminated.
RESTATEMENT DECEMBER 15, 2006 25 ARTICLE III (5-19047)