Common use of Any Employer Profit Sharing Clause in Contracts

Any Employer Profit Sharing. Contributions remaining after the allocation in Step 1 shall be allocated to each Qualifying Participant's Individual Account in the ratio that each Qualifying Participant's Compensation for the Plan Year in excess of the integration level bears to all Qualifying Participants' Compensation in excess of the integration level, but not in excess of 3%.

Appears in 4 contracts

Samples: Qualified Retirement Plan and Trust (Edelbrock Corp), Participation Agreement (Metretek Technologies Inc), Nabi /De/

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Any Employer Profit Sharing. Contributions remaining after the allocation in Step 1 shall be allocated to each Qualifying Participant's Individual Account in the ratio that each Qualifying Participant's Compensation for the Plan Year in excess of the integration level bears to all Qualifying Participants' Participant's Compensation in excess of the integration level, but not in excess of 3%.

Appears in 1 contract

Samples: Qualified Retirement Plan And (Meritage Hospitality Group Inc /Mi/)

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Any Employer Profit Sharing. Contributions remaining after the allocation in Step 1 shall be allocated to each Qualifying Participant's Participants Individual Account in the ratio that each Qualifying Participant's Compensation for the Plan Year in excess of the integration level bears to all Qualifying Participants' Participants Compensation in excess of the integration level, but not in excess of 3%.

Appears in 1 contract

Samples: Compdent Corp

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