ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory Committee will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.
Appears in 31 contracts
Sources: Retirement Savings Plan Adoption Agreement (World Acceptance Corp), Defined Contribution Master Plan and Trust Agreement (Sonic Corp), 401(k) Plan (Firstbank Corp/Id)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The To calculate allocable income for the Plan Year, the Advisory Committee will determine allocable use a uniform and nondiscriminatory method which reasonably reflects the manner used by the Plan to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participants' Accounts.
Appears in 26 contracts
Sources: Retirement Savings Plan Adoption Agreement (World Acceptance Corp), Defined Contribution Master Plan and Trust Agreement (Sonic Corp), 401(k) Plan (Firstbank Corp/Id)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Advisory Administrative Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory Administrative Committee will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.
Appears in 4 contracts
Sources: 401(k) Savings Plan (Summit Care Corp), Defined Contribution Prototype Plan and Trust Agreement (Goodmark Foods Inc), Defined Contribution Prototype Plan and Trust Agreement (Conagra Inc /De/)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The To calculate allocable income for the Plan Year, the Advisory Committee will determine allocable use a uniform and nondiscriminatory method which reasonably reflects the manner used by the Plan to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participant's Accounts.
Appears in 4 contracts
Sources: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/), Retirement Savings Plan Adoption Agreement (Autobytel Com Inc), Defined Contribution Master Plan and Trust Agreement (Gart Sports Co)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Advisory Administrative Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory To calculate allocable income for the Plan Year, the Administrative Committee will determine allocable use a uniform and nondiscriminatory method which reasonably reflects the manner used by the Plan to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participants' Accounts.
Appears in 2 contracts
Sources: Defined Contribution Prototype Plan and Trust Agreement (Goodmark Foods Inc), Defined Contribution Prototype Plan and Trust Agreement (Conagra Inc /De/)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The To calculate allocable income for the Plan Year, the Advisory Committee will determine allocable use a uniform and nondiscrimination method which reasonably reflects the manner used by the Plan to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participants' Accounts.
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Midcoast Energy Resources Inc)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arosearose and for the "gap period" measured from the beginning of the next Plan Year to the date of the distribution. "Allocable income" means net income or net loss. The To calculate allocable income for the Plan Year, the Advisory Committee will determine allocable use a uniform and nondiscriminatory method which reasonably reflects the manner used by the Plan to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participants' Accounts.
Appears in 1 contract
Sources: Defined Contribution Master Plan and Trust Agreement (Checkfree Corp \Ga\)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory Committee will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.To calculate
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Mmi Products Inc)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arosearose and for the "gap period" measured from the beginning of the next Plan Year to the date of the distribution. "Allocable income" means net income or net loss. The To calculate allocable income for the Plan Year, the Advisory Committee Committee: (1) first will determine allocable the net income in the same manner as described in Section 14.08(F) for excess contributions.or
Appears in 1 contract
Sources: Defined Contribution Prototype Plan and Trust Agreement (Direct Focus Inc)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory Committee will determine allocable income in the same manner as described in Section 14.08(F) 14.08(E;) for excess contributions.
Appears in 1 contract
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable incomeincomes" means net income or net loss. The Advisory Committee will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.
Appears in 1 contract
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Advisory Committee must calculate the allocable income for the Plan Year in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory Committee will determine allocable income in the same manner as described in Section 14.08(F) for 14.08(F)fox excess contributions.
Appears in 1 contract
Sources: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.05, the Advisory Committee must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Advisory Committee will determine allocable income in the same manner as described in Section 14.08(F14.04(F) for excess contributions.
Appears in 1 contract
Sources: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)