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<br />[Picked up contributions are excludable trom the Participant's gross <br />income under section 414(h)(2) of the Internal Revenue eode of 1986 <br />only if they meet the requirements of Rev. RuI. 81-35,1981-1 C.B,255, <br />Those requirements are (1) that the Employer must specify that the <br />contributions, although designated as employee contributions, are being <br />paid by the Employer in lieu of contributions by the employee; and (2) <br />the employee must not have the option of receiving the contributed <br />amounts directly instead of having them paid by the Employer to the <br />plan,] <br /> <br />o Fixed Employer Match of Participant Contributions. <br /> <br />The Employer shall contribute on behalf of each Participant ~% of <br />Earnings for the Plan Year (subject to the limitations of Article V of the <br />Plan) for each Plan Year that such Participant has contributed 0 % <br />of Earnings or $ 0 ,Under this option, there is a single, fixed rate <br />of Employer contributions, but a Participant may decline to make the <br />required Participant contributions in any Plan Year, in which case no <br />Employer contribution will be made on the Participant's behalf in that <br />Plan Year. <br /> <br />o Variable Employer Match Of Participant Contributions. <br /> <br />The Employer shall contribute on behalf of each Participant an amount <br />determined as follows (subject to the limitations of Article V of the <br />Plan): <br /> <br />o % of the contributions made by the Participant for the Plan <br />Year (not including Participant contributions exceeding % of <br />Earnings or $ 0 ); <br /> <br />PLUS 0 % of the contributions made by the Participant for the <br />Plan Year in excess of those included in the above paragraph (but not <br />including Participant contributions exceeding in the aggregate % <br />of Earnings or $ 0 ), <br /> <br />Employer eontributions on behalf of a Participant for a Plan Year shall <br />not exceed $ 0 or 0 % of Earnings, whichever is <br />o more or /0 . less. <br /> <br />2, Each Participant may make a voluntary (unmatched), after-tax contribution, subject to <br />the limitations of Section 4,05 and Article V of the Plan, <br /> <br />o <br /> <br />Yes <br /> <br />~ No <br /> <br />MPP Adoption Agreement 4/30/20UO <br /> <br />.i <br />