Common use of Allocation of QNECs Clause in Contracts

Allocation of QNECs. The Committee or its designee shall separately allocate the QNEC among the Non-Highly Compensated Employees who are Participants based upon each such Participant's Considered Compensation as compared to the Considered Compensation of all such Participants.

Appears in 4 contracts

Samples: Quanex Corp, Quanex Corp, Quanex Corp

AutoNDA by SimpleDocs

Allocation of QNECs. The Committee or its designee shall separately allocate the QNEC among the Non-Highly Compensated Employees who are Participants based upon each such Participant's ’s Considered Compensation as compared to the Considered Compensation of all such Participants.

Appears in 3 contracts

Samples: Quanex Corporation Employees (Quanex Corp), Quanex Corp, Quanex Corp

Allocation of QNECs. The Committee or its designee shall separately allocate the QNEC among the Non-Highly Compensated Employees who are Participants based upon each such Participant's ’s Considered Compensation as compared to the Considered Compensation of all such Participants.

Appears in 2 contracts

Samples: Furmanite Corp, Furmanite Corp

Allocation of QNECs. The Committee or its designee shall separately allocate the QNEC among the Non-Highly Compensated Employees who are Participants based upon each such Participant's ’s Considered Compensation as compared to the Considered Compensation of all such Participants.

Appears in 1 contract

Samples: Quanex Corporation Employee Savings Plan (Quanex Corp)

AutoNDA by SimpleDocs

Allocation of QNECs. The Committee or its designee shall separately allocate the QNEC among the Non-Highly Compensated Employees who are Participants based upon each such Participant's Considered Compensation as compared to the Considered Compensation of all such Participants.

Appears in 1 contract

Samples: Xanser Corp

Time is Money Join Law Insider Premium to draft better contracts faster.