Section 27-220-IV-4.2 - EMPLOYER CONTRIBUTIONSa. If allowed by state law, the Employer may elect to make contributions to the Plan by executing an Employer Contribution Agreement Form. Such Employer contributions when combined with Participant contributions may not exceed the basic annual deferral limitations set forth in Section 4.1. Each Employer Contribution Agreement Form shall expressly provide the following: (i) That the Employer has the budgetary and statutory authority to make Employer Contributions to the Plan on behalf of actively contributing Participants who are Employees of the Employer;(ii) That, if an election is made, the Employer Contributions will be available to all such actively contributing Participants who are Employees of the Employer on a uniform basis subject to the basic annual deferral limitations;(iii) The basis for making Employer Contributions, i.e., whether Employer Contributions will be based on a specific dollar amount or a percentage of Compensation, etc.; and(iv) That the Employer Contributions will be transferred as part of the regular payroll, included with the Employee's contribution.b. Employer Contributions shall immediately become a part of the Participant's Account subject to the same limitations and rights as contributions made by the Participant and subject to the investment directions of the Participant.27 Miss. Code. R. 220-IV-4.2