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<br /> <br /> <br /> <br /> <br /> <br /> <br /> ARTICLE II <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 three and seventy-five hundredths percent (3.75%) of his or <br /> <br /> her Compensation to his or her Account. The Employer shall contribute such amounts to <br /> <br /> the Trust at such times as are determined by the Employer in its discretion, but no less <br /> <br /> frequently than annually. <br /> 2.2 Employee Contributions. <br /> <br /> For each day that an Eligible Employee remains a Participant under this Plan, the <br /> <br /> Employee shall contribute three and seventy-five hundredths percent (3.75%) of his or <br /> i <br /> her Compensation to his or her Account. Such contributions shall be pre-tax <br /> <br /> contributions accomplished by means of compensation reduction and shall be credited to <br /> <br /> his or her Account. The Employee 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 /> 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 /> <br /> Applicable Dollar Amount or (ii) one hundred percent (100%) of the Participant's <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 /> NB 1:564577.3 6 <br /> <br /> <br /> 55C-47 <br />