Non-Integrated Allocation Formula Sample Clauses
A Non-Integrated Allocation Formula is a contractual provision that specifies how certain amounts, such as costs, revenues, or liabilities, are to be divided among parties without combining or consolidating them with other related amounts. In practice, this means each party’s share is calculated independently based on predefined criteria, rather than being pooled or adjusted in relation to other allocations. This approach ensures that each party’s allocation is clear and unaffected by the performance or obligations of others, thereby reducing disputes and providing transparency in financial arrangements.
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Non-Integrated Allocation Formula. The Advisory Committee will allocate the annual nonelective contributions in the same ratio that each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year. [_] (f) TWO-TIERED INTEGRATED ALLOCATION FORMULA - MAXIMUM DISPARITY. First, the Advisory Committee will allocate the annual nonelective contributions in the same ratio that each Participant's Compensation plus Excess Compensation for the Plan Year bears to the total Compensation plus Excess Compensation of all Participants for the Plan Year. The allocation under this paragraph, as a percentage of each Participant's Compensation plus Excess Compensation, must not exceed the applicable percentage (5.7%, 5.4% or 4.3%) listed under the Maximum Disparity Table following Option (k). The Advisory Committee then will allocate any remaining nonelective contributions in the same ratio that each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year. [_] (g) THREE-TIERED INTEGRATED ALLOCATION FORMULA. First, the Advisory Committee will allocate the annual nonelective contributions in the same ratio that each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year. The allocation under this paragraph, as a percentage of each Participant's Compensation may not exceed the applicable percentage (5.7%, 5.4% or 4.3%) listed under the Maximum Disparity Table following Option (i). As a second tier allocation, the Advisory Committee will allocate the nonelective contributions in the same ratio that each Participant's Excess Compensation for the Plan Year bears to the total Excess Compensation of all Participants for the Plan Year. The allocation under this paragraph, as a percentage of each Participant's Excess Compensation, may not exceed the allocation percentage in the first paragraph. Finally, the Advisory Committee will allocate any remaining nonelective contributions in the same ratio that each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year. [_] (h) FOUR-TIERED INTEGRATED ALLOCATION FORMULA. First, the Advisory Committee will allocate the annual nonelective contributions in the same ratio that each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year, but not exceeding 3% of each Participant's Compensation. As ...
Non-Integrated Allocation Formula. In the ratio that each eligible Active Participant’s Compensation bears to the total Compensation paid to all eligible Active Participants for the Plan Year.
Non-Integrated Allocation Formula. In the ratio that each “eligible” Participant’s Compensation bears to the total Compensation paid to all “eligible” Participants for the Contribution Period.
Non-Integrated Allocation Formula. If the Adoption Agreement provides for the Employer contributions under this Section 3.3 to be allocated proportionate to Compensation and on a non-integrated basis, then subject to the limitations of Article 4, and subject to the top-heavy minimum if applicable, as of the last Accounting Date for a Plan Year, there shall be allocated to the Employer Contribution Account of each Participant entitled to receive such an allocation (determined pursuant to the Adoption Agreement), that portion of the Employer's contribution and any forfeitures allocated with such contribution for such Plan Year that bears the same ratio to the total amount of such contribution and forfeitures as the Compensation of such Participant for such Plan Year bears to the total amount of the Compensation of all such Participants for such Plan Year.