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W The Employcr hereby ciects to"Pick up"the Mandarory/Required PartLcipant Contribution. D des ❑ No JNca to Fanp*er- Neither sn opinion letter issued by the Internal Revenue Service with respect to the nnxorype Plan.nor a determination letter issued.o an adop ins EmploYer is a ruling by dw Internal FLevenue Service that Parricipant conrribuciom that a=picked up by the Ernooyer Arc not includable in the participants gross income for federal incorne tax purr. poses. The Employer may seek such a ruling, Picked up contributions are extludablt from the Partic+pant`s gross .nCome under section 414(h)(?)of the Internal Revrenue irk of 1986 only if they meet the requirements of Rev.Foul.61-35. 1981-1 C.B.2 5 5. Those requirements are(1)char the Empiuyer must specify that the contributions. II although designared m employee contributions,are being paid by the'Em- !� player in lieu of contributions by the employ t:and(2)€he emplore must not have the option of receiving the contributed amounts directly instead of hawing them paid by the Emplayer to the pland D Fixed Employer M�teh of Participant Contribu ns. The lEmployu shall cantdbum on behalf of each Participant—.%Of Earn{ inp for the Play Year(subject to the limitaricns of Articles V mid 111 of the Flan)for each Tarr Year that such Participant has contributed of Pa rn ings or$.�. Lkwier this option,Chem is a single,fixed tact of Em- ployer cores iWtions,but a Participant may decline to rrtialce the requited Participant contri"ions in any Plan Year,in which case no Employer coMi- bution will be made on the Participant's behalf in that Plan Year. ❑ Variable Employer later Of Pam#pant Contributionfif The Exaployer sf►all contribute on behalf of each Participant an amount de- termkvj as folla'ws(subject to the l wr rations of Articles V and V1 of the Pa): _%of the Participant contribau ores ma&by the Participant;for the Plan Year(not including Portia r conn#butions exceeding—.,..%of Eames of S pLUS .%of the contribuEiiau nude by the Participant for the Plan Year in excess of dwse included in the abavc paragraph(but not imlud- ing Paitickmw con€ributkwu exceeding in the ag uepre�%of Ea�ings or$ FrnploM Concributioru on behalf of a Partiicipant fCW a Plan Year I shall=exceed$ or of EarnirVt whichever is 3 rwft cc C1 1 . MPP Adoption Agreeawnt 12123/94 001-94 2B:3