Supercuts 2007 Annual Report Download - page 151

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Deferral Contributions and the Participant’
s 401(k) Deferrals if no limits otherwise imposed by tax law applied
to 401(m) Match and deeming the Participant’s Deferral Contributions to be 401(k) Deferrals.
(B)
The 401(m) Match actually allocated to such Participant under the Qualified Plan for the calendar year.
For purposes of this Section 1.05(b): “Qualified Plan” means the Plan; “401(k) Deferrals” means contributions under the
Qualified Plan’s cash or deferred arrangement as defined in Code Section 401(k); and “401(m) Match” means a matching
contribution as defined in Code Section 401(m).
(3) 2
Matching Contribution Limits (check the appropriate box(es)):
SEE AMENDMENT
(A) 32
Deferral Contributions in excess of % of the Participant’s Compensation for the period in
question shall not be considered for Matching Contributions.
Note:
If the Employer elects a percentage limit in (A) above and requests the Trustee to account separately for
matched and unmatched Deferral Contributions, the Matching Contributions allocated to each
Participant must be computed, and the percentage limit applied, based upon each period.
(B) 32
Matching Contributions for each Participant for each Plan Year shall be limited to $.
(4)
Eligibility Requirement(s) for Matching Contributions . A Participant who makes Deferral Contributions
during the Plan Year under Section 1.05(a) shall be entitled to Matching Contributions for that Plan Year if the
Participant satisfies the following requirement(s) (Check the appropriate box(es). Options (B) and (C) may not
be elected together):
(A)
32
Is employed by the Employer on the last day of the Plan Year.
(B)
32
Earns at least 500 Hours of Service during the Plan Year.
(C)
32
Earns at least 1,000 Hours of Service during the Plan Year.
(D)
32
Other:
(E)
2
No requirements.
Note: If option (A), (B) or (C) above is selected, then Matching Contributions can only be made by the Employer
after
the Plan Year ends. Any Matching Contribution made before Plan Year end shall not be subject to the eligibility
requirements of this Section 1.05(b)(3)).
4