Common use of Grouping Method Clause in Contracts

Grouping Method. Pursuant to Plan Section 4.3(b)(3)(vi), the classifications are (select a. or b.): a. [X] Each Participant constitutes a separate classification. b. [ ] Participants will be divided into the following classifications with the allocation methods indicated under each classification. Classification C will consist of The allocation method will be: [ ] pro rata based on Compensation [ ] equal dollar amounts (per capita) Classification D will consist of The allocation method will be: [ ] pro rata based on Compensation [ ] equal dollar amounts (per capita) Additional classifications: (specify the classifications and which of the above allocation methods (pro rata or per capita) will be used for each classification).

Appears in 2 contracts

Sources: Multiple Employer Participation Agreement, Multiple Employer Participation Agreement