Integration Formula Sample Clauses

Integration Formula. Employer contributions under Item 31(a) of the Adoption Agreement (and any forfeitures allocated with this type of contribution) shall be allocated, as follows, among the Employer Contribution Accounts of those Participants entitled to receive such an allocation: (Select only one.) MAXIMUM DISPARITY METHOD. First, such contribution (and forfeitures) shall be allocated in the same ratio that the sum of such Participants' Compensation plus Excess Compensation for the Plan Year bears to the sum of all such Participants' Compensation plus Excess Compensation, but the amount so allocated, expressed as a percentage, shall not exceed the Maximum Disparity Rate. Second, the balance, if any, of such contribution (and forfeitures) shall be allocated in proportion to such Participants' Compensation for the Plan Year. FOUR-TIER METHOD. First, such contribution (and forfeitures) shall be allocated in proportion to the Participants' Compensation for such Plan Year, but not in excess of 3 percent of each Participant's Compensation. Second, any remaining contribution (and forfeitures) shall be allocated in proportion to the Participants' Excess Compensation for the Plan Year but not in excess of 3 percent of each Participant's Excess Compensation. Third, any remaining contribution (and forfeitures) shall be allocated in the same ratio that the sum of such Participants' Compensation plus Excess Compensation for the Plan Year bears to the sum of all such Participants' Compensation plus Excess Compensation, but the amount so allocated, expressed as a percentage, shall not exceed the Maximum Disparity Rate less three percentage points. Fourth, any remaining contribution (and forfeitures) shall be allocated in proportion to the Participants' Compensation for the Plan Year.