Common use of Age Based Allocation Clause in Contracts

Age Based Allocation. The Employer will allocate the Employer contributions, plus any forfeitures, if forfeitures are reallocated to Participants, in the same ratio that each Participant's Benefit Factor for the Plan Year bears to the sum of the Benefit Factors of all Participants for the Plan Year. A Participant's Benefit Factor is his or her Plan Compensation for the Plan Year multiplied by the actuarial factor required by the Internal Revenue Service. (i) Interest rate: ____ % (must be between 7.5% and 8.5%) (ii) Mortality table: ____

Age Based Allocation. The Employer will allocate the Employer contributions, plus any forfeitures, if forfeitures are reallocated to Participants, in the same ratio that each Participant's ’s Benefit Factor for the Plan Year bears to the sum of the Benefit Factors of all Participants for the Plan Year. A Participant's ’s Benefit Factor is his or her Plan Compensation for the Plan Year multiplied by the actuarial factor required by the Internal Revenue Service. (i) Interest rate: ____ % (must be between 7.5% and 8.5%) (ii) Mortality table: ____: