Common use of Group method Clause in Contracts

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.

Appears in 2 contracts

Samples: Purchase Plan Adoption Agreement, Purchase Plan Adoption Agreement

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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.

Appears in 1 contract

Samples: Purchase Plan Adoption Agreement

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Group method. The Under the group method, the Employer will contribute % (not more than 25%) contributes a fixed percentage of total Plan Compensation of all Participants who satisfy the allocation conditions under AA §6-5 belowParticipants. The Employer Contribution will be is then allocated under the two-step method (as defined described in Section 3.02(a)(1)(i)(B)(Isubsection (a)(1)(i)(B)(I) of the Planabove).  (3) Modification of permitted disparity rulesIn determining Excess Compensation, the Integration Level is the Taxable Wage Base, unless designated otherwise under AA §6-2(c)(3).

Appears in 1 contract

Samples: www.placer.ca.gov

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