Group method Sample Clauses
The "Group method" clause defines how obligations, rights, or calculations are to be handled collectively for a group of entities, rather than on an individual basis. In practice, this clause might specify that performance metrics, liabilities, or benefits are assessed by aggregating data or actions across all members of a defined group, such as subsidiaries within a corporate family. By establishing a group-based approach, the clause ensures consistency and efficiency in administration, and can simplify compliance or reporting requirements by treating the group as a single unit for certain contractual purposes.
Group method. The Employer will contribute % (not more than 25%) of total Plan Compensation of all Participants who satisfy the allocation conditions under AA §6-5 below. The Employer Contribution will be allocated under the two-step method (as defined in Section 3.02(a)(1)(i)(B)(I) of the Plan). 🞎 (3) Modification of permitted disparity rules.
Group method. If the Employer elects the Permitted Disparity Method using the group method under Part 4, #12.c.(2) of the Agreement, the Employer will contribute a fixed percentage (as designated in the Agreement) of the total Included Compensation for the Plan Year of all Eligible Participants. The total Employer Contribution is then allocated among the Eligible Participants under either the Two-Step Formula or the Four-Step Formula described below.
Group method. The Employer will contribute % (not more than 25%) of total Plan Compensation of all Participants who satisfy the allocation conditions under AA §6-6 below. The Employer Contribution will be allocated under the two-step permitted disparity formula (as described in Section 3.02(a)(1)(ii)(A) of the Plan). However, for any Plan Year in which the Plan is Top Heavy, the four-step permitted disparity formula applies (as described in Section 3.02(a)(1)(ii)(B) of the Plan). See Section 3.02(b)(2)(ii) of the Plan. (3) Modification of permitted disparity rules.
Group method. Under the group method, the Employer contributes a fixed percentage of total Plan Compensation of all Participants. The Employer Contribution is then allocated under the two-step method (as described in subsection (a)(1)(i)(B)(I) above). In determining Excess Compensation, the Integration Level is the Taxable Wage Base, unless designated otherwise under AA §6-2(c)(3).