{"component": "clause", "props": {"groups": [{"snippet": "(3.08). To receive an allocation of Nonelective Contributions, a Participant must satisfy the following allocation condition(s) (Choose one of d. or e.):", "samples": [{"hash": "6e9q5Vi9hrB", "uri": "/contracts/6e9q5Vi9hrB#allocation-conditions", "label": "Adoption Agreement for Eligible Governmental 457 Plan", "score": 33.9340629578, "published": true}, {"hash": "kRNE6vVLksL", "uri": "/contracts/kRNE6vVLksL#allocation-conditions", "label": "Adoption Agreement for Eligible Governmental 457 Plan", "score": 33.7917175293, "published": true}, {"hash": "4b6ICvTxpEJ", "uri": "/contracts/4b6ICvTxpEJ#allocation-conditions", "label": "Adoption Agreement for Eligible Governmental 457 Plan", "score": 33.1949729919, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [8, 18]}, {"key": "allocation-of", "type": "clause", "offset": [22, 35]}, {"key": "nonelective-contributions", "type": "definition", "offset": [36, 61]}, {"key": "participant-must", "type": "clause", "offset": [65, 81]}, {"key": "choose-one", "type": "definition", "offset": [129, 139]}], "size": 10, "hash": "d33e70fab34ae9f3d8af3e97c6b8a67d", "id": 4}, {"snippet": "A Participant must satisfy any allocation conditions designated under this AA \u00a76-7 to receive an allocation of Employer Contributions under the Plan. Allocation conditions do not apply to Mandatory Contributions.\n(a) No allocation conditions apply with respect to Employer Contributions under the Plan.", "samples": [{"hash": "xscfX2vsZr", "uri": "/contracts/xscfX2vsZr#allocation-conditions", "label": "403(b) Plan Adoption Agreement", "score": 33.7971916199, "published": true}, {"hash": "eMHCk5Rpp86", "uri": "/contracts/eMHCk5Rpp86#allocation-conditions", "label": "403(b) Plan Adoption Agreement", "score": 31.2213306427, "published": true}, {"hash": "jUG1Y7uMm4o", "uri": "/contracts/jUG1Y7uMm4o#allocation-conditions", "label": "Volume Submitter Governmental 403(b) Plan Adoption Agreement", "score": 30.9202194214, "published": true}], "snippet_links": [{"key": "participant-must", "type": "clause", "offset": [2, 18]}, {"key": "to-receive", "type": "definition", "offset": [83, 93]}, {"key": "allocation-of-employer-contributions", "type": "clause", "offset": [97, 133]}, {"key": "the-plan", "type": "clause", "offset": [140, 148]}, {"key": "mandatory-contributions", "type": "clause", "offset": [188, 211]}, {"key": "conditions-apply", "type": "clause", "offset": [231, 247]}, {"key": "to-employer", "type": "definition", "offset": [261, 272]}], "size": 12, "hash": "c45e25231b03fc9af524529c38878a4a", "id": 1}, {"snippet": "To receive an allocation of Matching Contributions, a Participant must satisfy the following allocation condition(s)", "samples": [{"hash": "ce7SXZWLObo", "uri": "/contracts/ce7SXZWLObo#allocation-conditions", "label": "Adoption Agreement for Eligible Governmental 457 Plan", "score": 34.8155014722, "published": true}, {"hash": "kRNE6vVLksL", "uri": "/contracts/kRNE6vVLksL#allocation-conditions", "label": "Adoption Agreement for Eligible Governmental 457 Plan", "score": 33.7917175293, "published": true}, {"hash": "4b6ICvTxpEJ", "uri": "/contracts/4b6ICvTxpEJ#allocation-conditions", "label": "Adoption Agreement for Eligible Governmental 457 Plan", "score": 33.1949729919, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [0, 10]}, {"key": "allocation-of-matching-contributions", "type": "clause", "offset": [14, 50]}, {"key": "participant-must", "type": "clause", "offset": [54, 70]}], "size": 11, "hash": "bf74456829cfcfba5c1ce79701512481", "id": 2}, {"snippet": "An Eligible Participant must satisfy the following allocation conditions for an Employer Nonelective Contribution: [Check a. or b. or any combination of c. - e. Selection e. may not be checked if b. or d. is checked. Selection f. and/or g. may be checked in addition to b. - e.] [ ] a. None.", "samples": [{"hash": "jOanQRxHX7U", "uri": "/contracts/jOanQRxHX7U#allocation-conditions", "label": "401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)", "score": 19.0, "published": true}, {"hash": "1sAbEJCEdSh", "uri": "/contracts/1sAbEJCEdSh#allocation-conditions", "label": "401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)", "score": 19.0, "published": true}, {"hash": "e8WTTPWoCnR", "uri": "/contracts/e8WTTPWoCnR#allocation-conditions", "label": "401(k) Plan Adoption Agreement (Peoples Holding Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "participant-must", "type": "clause", "offset": [12, 28]}, {"key": "conditions-for", "type": "clause", "offset": [62, 76]}, {"key": "employer-nonelective-contribution", "type": "definition", "offset": [80, 113]}, {"key": "in-addition-to", "type": "clause", "offset": [255, 269]}], "size": 11, "hash": "78c77e1df98d1e0a116174bda6ed1a43", "id": 3}, {"snippet": "A Participant must satisfy any allocation conditions designated under this AA \u00a76B-7 to receive an allocation of Matching Contributions under the Plan. [Note: See AA \u00a74-5 for treatment of service with Predecessor Employers for purposes of applying the allocation conditions under this AA \u00a76B-7.]", "samples": [{"hash": "xscfX2vsZr", "uri": "/contracts/xscfX2vsZr#allocation-conditions", "label": "403(b) Plan Adoption Agreement", "score": 33.7971916199, "published": true}, {"hash": "eMHCk5Rpp86", "uri": "/contracts/eMHCk5Rpp86#allocation-conditions", "label": "403(b) Plan Adoption Agreement", "score": 31.2213306427, "published": true}, {"hash": "jUG1Y7uMm4o", "uri": "/contracts/jUG1Y7uMm4o#allocation-conditions", "label": "Volume Submitter Governmental 403(b) Plan Adoption Agreement", "score": 30.9202194214, "published": true}], "snippet_links": [{"key": "participant-must", "type": "clause", "offset": [2, 18]}, {"key": "to-receive", "type": "definition", "offset": [84, 94]}, {"key": "allocation-of-matching-contributions", "type": "clause", "offset": [98, 134]}, {"key": "the-plan", "type": "clause", "offset": [141, 149]}, {"key": "treatment-of", "type": "clause", "offset": [174, 186]}, {"key": "service-with-predecessor-employers", "type": "clause", "offset": [187, 221]}, {"key": "for-purposes-of", "type": "clause", "offset": [222, 237]}, {"key": "the-allocation", "type": "clause", "offset": [247, 261]}], "size": 10, "hash": "67cbd3636ec7fe67174358562c15fba8", "id": 5}, {"snippet": "To receive an allocation of Employer Contributions, a Participant must satisfy the following conditions during the Taxable Year (choose (a) or choose one or both of (b) and (c)):\n(a) No allocation conditions.", "samples": [{"hash": "l6y0ToGrOtg", "uri": "/contracts/l6y0ToGrOtg#allocation-conditions", "label": "Supplemental Executive Retirement Plan Adoption Agreement (DNB Financial Corp /Pa/)", "score": 28.1594791412, "published": true}, {"hash": "77irOLRbpW6", "uri": "/contracts/77irOLRbpW6#allocation-conditions", "label": "Supplemental Executive Retirement Plan Adoption Agreement (Landstar System Inc)", "score": 26.1444225311, "published": true}, {"hash": "gip9lLbtUfo", "uri": "/contracts/gip9lLbtUfo#allocation-conditions", "label": "Nonqualified Deferred Compensation Plan Adoption Agreement (Frischs Restaurants Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "to-receive", "type": "definition", "offset": [0, 10]}, {"key": "allocation-of-employer-contributions", "type": "clause", "offset": [14, 50]}, {"key": "participant-must", "type": "clause", "offset": [54, 70]}, {"key": "taxable-year", "type": "clause", "offset": [115, 127]}, {"key": "choose-one", "type": "definition", "offset": [143, 153]}, {"key": "no-allocation-conditions", "type": "clause", "offset": [183, 207]}], "size": 8, "hash": "e683b6680c28d1fc23b3f2346eb2316e", "id": 6}, {"snippet": "Any QMAC made pursuant to this AA \u00a76B-4 will be allocated only to Participants who have satisfied the allocation conditions under AA \u00a76B-7 below.", "samples": [{"hash": "7dojqndnVUY", "uri": "/contracts/7dojqndnVUY#allocation-conditions", "label": "401(k) Plan Adoption Agreement", "score": 20.0922088623, "published": true}, {"hash": "cfg8FRMBNkb", "uri": "/contracts/cfg8FRMBNkb#allocation-conditions", "label": "Nonstandardized Prototype Profit Sharing/401(k) Plan Adoption Agreement", "score": 19.0, "published": true}, {"hash": "276Y2aNUMTR", "uri": "/contracts/276Y2aNUMTR#allocation-conditions", "label": "401(k) Plan Adoption Agreement", "score": 19.0, "published": true}], "snippet_links": [{"key": "made-pursuant-to", "type": "clause", "offset": [9, 25]}, {"key": "the-allocation", "type": "clause", "offset": [98, 112]}], "size": 7, "hash": "625959d9473fa28818ee1777c210839a", "id": 7}, {"snippet": "Select r. OR s. and all that apply of t., u., or v. Note: If the ACP test safe harbor provision is used (Question 29.c.), no conditions (option r. below) must be selected.\nr. [ ] No conditions. All Participants share in the allocations regardless of service completed during the Plan Year or employment status at the end of the Plan Year. (skip to next Question.)\ns. [ ] Conditions for Participants NOT employed at the end of the Plan Year.\n1. [ ] A Participant must complete more than (not to exceed 500) Hours of Service (or (not to exceed 3) months of service if the Elapsed Time method is selected).\n2. [ ] A Participant must complete a Year of Service (or Period of Service if the Elapsed Time method is selected). (Could cause the Plan to violate coverage requirements under Code Section 410(b).)\n3. [ ] Participants will NOT share in the allocations, regardless of service. (Could cause the Plan to violate coverage requirements under Code Section 410(b).)\n4. [ ] Participants will share in the allocations, regardless of service.\n5. [ ] Other: (must be definitely determinable, not subject to Employer discretion and may not require more than one Year of Service (or Period of Service if the Elapsed Time method is elected)).\nt. [ ] AND, Waiver of conditions for Participants NOT employed at the end of the Plan Year. Participants who are not employed at the end of the Plan Year due to the following shall be eligible to share in the allocations regardless of the above conditions (select all that apply):\n1. [ ] Death.\n2. [ ] Total and Permanent Disability.\n3. [ ] Early or Normal Retirement.\nu. [ ] Conditions for Participants employed at the end of the Plan Year. (Options 2. and 3. could cause the Plan to violate coverage requirements under Code Section 410(b).)\n1. [ ] No service requirement.\n2. [ ] A Participant must complete a Year of Service (or Period of Service if the Elapsed Time method is selected).\n3. [ ] A Participant must complete at least (not to exceed 1,000) Hours of Service during the Plan Year.\nv. [ ] Code Section 410(b) fail-safe. If s.2. or 3. and/or u.2. or 3. is selected, shall the Code Section 410(b) ratio percentage fail-safe provisions apply (Plan Section 12.3(f))?\n1. [ ] No or N/A.\n2. 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"clause", "offset": [450, 466]}, {"key": "not-to-exceed", "type": "definition", "offset": [487, 500]}, {"key": "hours-of-service", "type": "clause", "offset": [506, 522]}, {"key": "months-of-service", "type": "definition", "offset": [545, 562]}, {"key": "elapsed-time-method", "type": "definition", "offset": [570, 589]}, {"key": "a-year", "type": "definition", "offset": [639, 645]}, {"key": "period-of-service", "type": "clause", "offset": [661, 678]}, {"key": "coverage-requirements", "type": "clause", "offset": [753, 774]}, {"key": "code-section", "type": "definition", "offset": [781, 793]}, {"key": "employer-discretion", "type": "clause", "offset": [1101, 1120]}, {"key": "one-year-of-service", "type": "clause", "offset": [1151, 1170]}, {"key": "waiver-of-conditions", "type": "clause", "offset": [1246, 1266]}, {"key": "total-and-permanent-disability", "type": "definition", "offset": [1536, 1566]}, {"key": "early-or-normal-retirement", "type": "clause", "offset": [1575, 1601]}, {"key": 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["other-conditions", "Other Conditions"], ["suspension-of-allocation-conditions-under-a-nonstandardized-plan", "Suspension of Allocation Conditions Under a Nonstandardized Plan"]], "title": "Allocation Conditions", "parents": [["employer-contribution-allocation", "Employer Contribution Allocation"], ["plan-administrator", "PLAN ADMINISTRATOR"], ["church-plan", "Church plan"], ["pre-plan-service", "Pre-Plan service"], ["election-not-to-participate", "ELECTION NOT TO PARTICIPATE"]], "size": 95, "id": "allocation-conditions", "related": [["termination-conditions", "Termination Conditions", "Termination Conditions"], ["prior-conditions-satisfied", "Prior Conditions Satisfied", "Prior Conditions Satisfied"], ["superior-conditions", "SUPERIOR CONDITIONS", "SUPERIOR CONDITIONS"], ["site-conditions", "Site Conditions", "Site Conditions"], ["payment-conditions", "PAYMENT CONDITIONS", "PAYMENT CONDITIONS"]], "related_snippets": [], "updated": "2025-07-24T04:27:57+00:00", "also_ask": ["What are the essential elements that must be included in an Allocation Conditions clause to ensure enforceability?", "How can parties strategically negotiate Allocation Conditions to maximize their respective interests?", "What are the most common risks or pitfalls associated with poorly drafted Allocation Conditions?", "How do Allocation Conditions differ across key jurisdictions or under different governing laws?", "What standards do courts use to assess the validity and enforceability of Allocation Conditions in disputes?"], "drafting_tip": "Specify allocation criteria, clarify triggering events, and define responsible parties to prevent disputes and ensure enforceability.", "explanation": "The Allocation Conditions clause sets out the specific requirements that must be satisfied before certain resources, rights, or responsibilities are distributed among parties. Typically, this clause details the criteria or events that trigger the allocation, such as regulatory approvals, completion of due diligence, or fulfillment of contractual obligations. By clearly defining these prerequisites, the clause ensures that allocations occur only when agreed-upon conditions are met, thereby reducing the risk of disputes and providing certainty to all parties involved."}, "json": true, "cursor": ""}}