Common use of ORDERING OF ANNUAL ADDITION ALLOCATIONS Clause in Contracts

ORDERING OF ANNUAL ADDITION ALLOCATIONS. If, because of a reasonable error in estimating a Participant’s actual Limitation Year Compensation, because of the allocation of forfeitures, because of a reasonable error in determining a Participant’s deferral contributions or because of any other facts and circumstances the Revenue Service considers to constitute reasonable error, a Participant’s Annual Additions under this Plan and the Code §415 aggregated plans result in an Excess Amount, such Excess Amount will consist of the Amounts last allocated. The Plan Administrator will determine the Amounts last allocated by treating the Annual Additions attributable to a simplified employee pension as allocated first, followed by allocation to a welfare benefit fund or individual medical account, irrespective of the actual allocation date. If the Plan Administrator allocates an Excess Amount to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, unless the Employer specifies otherwise in an Addendum to its Adoption Agreement, the Excess Amount attributed to this Plan will equal the product of:

Appears in 2 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Trimeris Inc

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ORDERING OF ANNUAL ADDITION ALLOCATIONS. If, because of a reasonable error in estimating a Participant’s 's actual Limitation Year Compensation, because of the allocation of forfeitures, because of a reasonable error in determining a Participant’s 's deferral contributions or because of any other facts and circumstances the Revenue Service considers to constitute reasonable error, a Participant’s 's Annual Additions under this Plan and the Code §415 aggregated plans result in an Excess Amount, such Excess Amount will consist of the Amounts last allocated. The Plan Administrator will determine the Amounts last allocated by treating the Annual Additions attributable to a simplified employee pension as allocated first, followed by allocation to a welfare benefit fund or individual medical account, irrespective of the actual allocation date. If the Plan Administrator allocates an Excess Amount to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, unless the Employer specifies otherwise in an Addendum to its Adoption Agreement, the Excess Amount attributed to this Plan will equal the product of:

Appears in 1 contract

Samples: Participation Agreement (Petco Animal Supplies Inc)

ORDERING OF ANNUAL ADDITION ALLOCATIONS. If, because of a reasonable error in estimating a Participant’s 's actual Limitation Year Compensation, because of the allocation of forfeitures, because of a reasonable error in determining a Participant’s 's deferral contributions or because of any other facts and circumstances the Revenue Service considers to constitute reasonable error, a Participant’s 's Annual Additions under this Plan and the Code §415 ss.415 aggregated plans result in an Excess Amount, such Excess Amount will consist of the Amounts last allocated. The Plan Administrator will determine the Amounts last allocated by treating the Annual Additions attributable to a simplified employee pension as allocated first, followed by allocation to a welfare benefit fund or individual medical account, irrespective of the actual allocation date. If the Plan Administrator allocates an Excess Amount to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, unless the Employer specifies otherwise in an Addendum to its Adoption Agreement, the Excess Amount attributed to this Plan will equal the product of:

Appears in 1 contract

Samples: CRH Public LTD Co

ORDERING OF ANNUAL ADDITION ALLOCATIONS. If, because of a reasonable --------------------------------------- error in estimating a Participant’s 's actual Limitation Year Compensation, because of the allocation of forfeitures, because of a reasonable error in determining a Participant’s 's deferral contributions or because of any other facts and circumstances the Revenue Service considers to constitute reasonable error, a Participant’s 's Annual Additions under this Plan and the Code §415 (S)415 aggregated plans result in an Excess Amount, such Excess Amount will consist of the Amounts last allocated. The Plan Administrator will determine the Amounts last allocated by treating the Annual Additions attributable to a simplified employee pension as allocated first, followed by allocation to a welfare benefit fund or individual medical account, irrespective of the actual allocation date. If the Plan Administrator allocates an Excess Amount to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, unless the Employer specifies otherwise in an Addendum to its Adoption Agreement, the Excess Amount attributed to this Plan will equal the product of:

Appears in 1 contract

Samples: Adoption Agreement (Gold Banc Corp Inc)

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ORDERING OF ANNUAL ADDITION ALLOCATIONS. If, because of a reasonable error in estimating a Participant’s 's actual Limitation Year Compensation, because of the allocation of forfeitures, because of a reasonable error in determining a Participant’s 's deferral contributions or because of any other facts and circumstances the Revenue Service considers to constitute reasonable error, a Participant’s 's Annual Additions under this Plan and the Code §ss. 415 aggregated plans result in an Excess Amount, such Excess Amount will consist of the Amounts last allocated. The Plan Administrator will determine the Amounts last allocated by treating the Annual Additions attributable to a simplified employee pension as allocated first, followed by allocation to a welfare benefit fund or individual medical account, irrespective of the actual allocation date. If the Plan Administrator allocates an Excess Amount to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, unless the Employer specifies otherwise in an Addendum to its Adoption Agreement, the Excess Amount attributed to this Plan will equal the product of:

Appears in 1 contract

Samples: Bank of Granite Corp

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