Allocation Requirements Sample Clauses
The Allocation Requirements clause defines how resources, responsibilities, or costs are distributed between the parties involved in an agreement. It typically outlines specific criteria or formulas for dividing assets, assigning tasks, or sharing expenses, ensuring that each party understands their obligations. By clearly specifying these allocations, the clause helps prevent disputes and misunderstandings, promoting fairness and transparency in the execution of the contract.
Allocation Requirements. Any Employee who has entered the Plan as a Participant for purposes of Non-Safe Harbor Matching Contribution # 2 and who makes an Elective Deferral during an Allocation Period < ¨ and who is an NHCE for that Allocation Period > will be a Benefiting Participant for that Allocation Period for purposes of Non-Safe Harbor Matching Contribution # 2 as indicated below < ¨ provided the Participant is still an Eligible Employee under Section 1.2(b) on the last day of the Allocation Period (or earlier Termination of Employment) >.
(a) Participants who are still Employees on the last day of the Allocation Period (check one) x Will always be Benefiting Participants regardless of Service ¨ Must be credited with (max. 1,000) Hours of Service in the Allocation Period ¨ Must be credited with a (max. 6) month Period of Service in the Allocation Period ¨ Must be credited with (max. 6) consecutive calendar months of employment in the Allocation Period ¨ Must be credited with (max. 182) consecutive days of employment in the Allocation Period
(b) Participants who Terminate Employment before the last day of the Allocation Period because of retirement on or after Normal Retirement Age < ¨ or Early Retirement Age >, or because of death or Disability (check one) ¨ Will not be Benefiting Participants for that Allocation Period x Will always be Benefiting Participants regardless of Service ¨ Must be credited with (max. 1,000) Hours of Service in the Allocation Period ¨ Must be credited with a (max. 6) month Period of Service in the Allocation Period ¨ Must be credited with (max. 6) consecutive calendar months of employment in the Allocation Period ¨ Must be credited with (max. 182) consecutive days of employment in the Allocation Period
(c) Participants who Terminate Employment before the last day of the Allocation Period for any other reason (check one) ¨ Will not be Benefiting Participants for that Allocation Period x Will always be Benefiting Participants regardless of Service ¨ Must be credited with (max. 1,000) Hours of Service in the Allocation Period ¨ Must be credited with a (max. 6) month Period of Service in the Allocation Period ¨ Must be credited with (max. 6) consecutive calendar months of employment in the Allocation Period ¨ Must be credited with (max. 182) consecutive days of employment in the Allocation Period
Allocation Requirements. Any Employee who has entered the Plan as a Participant for purposes of Non-Safe Harbor Matching Contribution # 1 and who makes an Elective Deferral during an Allocation Period < ¨ and who is an NHCE for that Allocation Period > will be a Benefiting Participant for that Allocation Period for purposes of Non-Safe Harbor Matching Contribution # 1 as indicated below < x provided the Participant is still an Eligible Employee under Section 1.2(b) on the last day of the Allocation Period (or earlier Termination of Employment) >.
Allocation Requirements. To receive an allocation pursuant to Section 4.4 for a Plan Year, a Participant must satisfy each of the following requirements:
(a) The Participant must have Compensation of at least the threshold amount. The threshold amount for 1999 is $170,000. For all subsequent Plan Years, the threshold amount is equal to the annual compensation limit in effect for the Plan Year under Code Section 401(a)(17). Notwithstanding Section 2.4 to the contrary, in determining if the threshold amount is satisfied, the dollar value of the equity portion of awards granted to a Participant for any Plan Year under the DST Systems, Inc. Officers Incentive Plan shall always be disregarded in determining Compensation for purposes of this Section 4.3(a);
(b) The Participant must be employed by DST or an Affiliated Company on the last day of such Plan Year;
(c) The Participant must be credited with a Year of Service during such Plan Year; and
(d) The Participant must be designated by the Committee, as provided in Section 3.2, as eligible to participate in any allocation credit for such year.
Allocation Requirements. (a) ♦♦ Select available options from (b) below and enter option number next to each applicable type of employer contribution (each available option that is selected must be completed as indicated):
Allocation Requirements. Select available options below:
a. No last day or service requirement. i. ☐ ii. ☐ iii. ☒ iv. ☐ v. ☒ vi. ☒
b. Last day requirement only. Must be a Covered Employee. i. ☒ ii. ☐ iii. ☐ iv. ☐ v. ☐ vi. ☐
c. Last day requirement only. Employment as an employee other than a Covered Employee satisfies requirement. i. ☐ ii. ☐ iii. ☐ iv. ☐ v. ☐ vi. ☐
d. Service requirement only Service requirement: i. ☐ hours ii. ☐ hours iii. ☐ hours iv. ☐ hours v. ☐ hours vi. ☐ hours
e. Last day and service requirement. Must be a Covered Employee on last day. Service requirement: i. ☐ hours ii. ☐ hours iii. ☐ hours iv. ☐ hours v. ☐ hours vi. ☐ hours
f. Last day and service requirement. Employment as an Employee other than a Covered Employee satisfies requirement. Service requirement: i. ☐ hours ii. ☐ hours iii. ☐ hours iv. ☐ hours v. ☐ hours vi. ☐ hours g. Last day or hours requirement. i. ☐ ii. ☐ iii. ☐ iv. ☐ v. ☐ vi. ☐ Employment as an Employee other than a Covered Employee other than a Covered Employee satisfies the A.☐ B.☐ C.☐ D.☐ E.☐ F.☐ A.☐ B.☐ C.☐ D.☐ E.☐ F.☐ last day requirement. The Hours of Service requirement is: i. 1.000 hours ii. 501 hours19 1 Excludes from participation only those employess who may be excluded from coverage testing under Code Section 410(b).
Allocation Requirements. Employees either individually or as a group, can raise concerns regarding unreasonable or inequitable workload issues using the process detailed in the Handling Workload Issues Clause.
14.5.1 An academic staff member will not be required to be involved in the coordination, teaching and/or learning management delivery of more than six units and for no more than two terms in a calendar year, and no more than 3 consecutive terms across years, except where: • an academic staff member agrees to undertake a greater teaching load in a particular year as part of an arrangement for staff development planned over a period of two or more years, or; • mutually agreed; or • the only feasible way of allocating a reasonable individual workload involves teaching and learning management activities in three terms. The following term must then be an allocated non-teaching term.
14.5.2 Academic staff are not obligated to undertake additional units to maintain EFTSL limits. It is the Deans' responsibility to adequately plan the teaching effort within the school. The Agreement recognises that there are occasions when a ▇▇▇▇ must maintain small units.
14.5.3 Other than during residentials, intensives or other block teaching, academics will normally be allocated at least one teaching-free day per week.
14.5.4 Other than for residentials or intensives, Academics will not be allocated teaching on national public holidays, without their agreement. Where scheduled teaching falls on a local or state gazetted public holiday, the Academic may be required to teach and therefore will be compensated with a Compensatory Day Off to be taken at a time agreed with the supervisor.
14.5.5 Where an Academic delivers a Residential School or intensive on a weekend or public holiday they will be compensated for the unsociable hours by the granting of a Compensatory Day Off for each day of delivery.
14.5.6 Academics will not be required to undertake scheduled or unscheduled teaching on weekends, or before 8.00 am or after 9.00 pm, without their agreement.
14.5.7 Work allocations shall be made so as to ensure that Academics may take their annual leave in that year in an unbroken period, if requested.
14.5.8 Work allocations will factor in any teaching or research buy-outs, but the effect will be to reduce workload by the amount of the buy-out, not to use the buy-out to add additional workload.
14.5.9 Academics with fractional appointments shall have their workload pro-rated to the same FTE fraction.
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