Compensation Taken Into Account. In allocating an Employer contribution to a Participant's Account, the Advisory Committee, except for purposes of determining the top heavy minimum contribution under Section 3.04(B), will take into account only the Compensation determined for the portion of the Plan Year in which the Employee actually is a Participant.
Appears in 3 contracts
Samples: And Trust Agreement (Millers Mutual Fire Insurance Co), Employee Stock Ownership Plan and Trust Agreement (Fronteer Directory Company Inc), Stock Ownership Plan and Trust Agreement (Exigent International Inc)
Compensation Taken Into Account. In allocating an Employer qualified nonelective contribution or nonelective contribution to a Participant's Account, the Advisory Committee, except for purposes of determining the top heavy minimum contribution under Section 3.04(B), will take into account only the Compensation determined for the portion of the Plan Year in which the Employee actually is a Participant.
Appears in 1 contract
Compensation Taken Into Account. In allocating an Employer contribution to a Participant's Account, the Advisory Committee, except for purposes of determining the top heavy minimum contribution under Section 3.04(B3.4(B), will take into account only the Compensation determined for the portion of the Plan Year in which the Employee actually is a Participant.
Appears in 1 contract
Samples: Employee Stock Ownership Plan And (Edwards J D & Co)
