Increased allocation Clause Samples
The "Increased allocation" clause allows for the adjustment of the quantity or value of goods, services, or resources provided under a contract, typically in response to changing needs or circumstances. In practice, this clause enables one party to request a higher allocation than originally agreed, often subject to certain conditions such as advance notice or mutual agreement. Its core function is to provide flexibility in contractual arrangements, ensuring that parties can adapt to increased demand or requirements without needing to renegotiate the entire contract.
Increased allocation. In addition to the Employer contribution for the Plan Year in which the forfeiture occurs. The Advisory Committee will allocate the Participant forfeitures for a Plan Year to the Account of each Participant who satisfies the conditions of Section 3.06: (Choose (1) or (2))
(1) in the same ratio that such Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year.
(2) as an Employer contribution for the Plan Year, in accordance with Option (b) of Adoption Agreement Section 3.04, as if the Participant forfeiture were an additional Employer contribution for that Plan Year.
Increased allocation. In addition to the Employer contribution for the Plan Year in which the forfeiture occurs. The Advisory Committee will allocate the Participant forfeitures for a Plan Year to the Account of each Participant who satisfies the conditions of Section 3.06: (Choose (1) or (2)) [ ] (1) in the same ratio that such Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year.