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<br /> <br /> <br /> <br /> <br /> <br /> <br /> ARTICLE lI <br /> <br /> CONTRIBUTIONS <br /> 2.1 Employer Contributions. <br /> <br /> For each day that an Eligible Employee remains a Participant under this Plan, the <br /> <br /> Employer shall contribute percent of his or her Compensation to <br /> <br /> his or her Account. The Employer shall contribute such amounts to the Trust at such <br /> <br /> times as are determined by the Employer in its discretion, but no less frequently than <br /> <br /> annually. <br /> <br /> 2.2 Employee Contributions. <br /> <br /> For each day that an Eligible Employee remains a Participant under this Plan, the <br /> Employee shall contribute percent of his or her Compensation to <br /> <br /> his or her Account. Such contributions shall be pre-tax contributions accomplished by <br /> <br /> means of compensation reduction and shall be credited to his or her Account. The <br /> <br /> Employee shall contribute such amounts to the Trust at such times as are determined by <br /> <br /> the Employer in its discretion, but no less frequently than annually. <br /> <br /> 2.3 Limitations on Contributions. <br /> <br /> (a) Normal Limitation. Except as provided in Subsection (b) below, the <br /> <br /> maximum amount which may be contributed on behalf of a Participant for any taxable <br /> <br /> year of the Participant (the "Normal Limitation") shall not exceed the lesser of (i) the <br /> Applicable Dollar Amount or (ii) one hundred percent (100%) of the Participant's <br /> <br /> Compensation. <br /> <br /> (b) Catch-Up Limitation. For each of a Participant's last three (3) taxable <br /> <br /> years ending before the Participant attains Normal Retirement Age, the maximum amount <br /> <br /> which may be contributed on behalf of that Participant for that taxable year (the "Catch- <br /> <br /> NB 1:564577.3 5 <br /> <br /> 55A-44 <br />