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Common use of Pro Rata Allocation Method Clause in Contracts

Pro Rata Allocation Method. Any Employer Nonelective Contribution will be allocated to each Eligible Participant as a uniform percentage of Included Compensation.

Appears in 2 contracts

Sources: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)

Related Clauses

  • Allocation Method
  • Balance Computation Method
  • Collection Allocation Mechanism
  • Pro Rata Distributions
  • Pro Rata Treatment

Parent Clauses

  • Modified definition of Net Profits
  • Waiver of Participation
  • Profit Sharing Plan Contribution and Allocations
  • Allocation formula for Employer Contributions
  • Qualified Nonelective Contributions (QNECs)

Sub-Clauses

  • SPECIAL RULES REGARDING INCLUDED COMPENSATION
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