Common use of Allocation Requirements Clause in Contracts

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.