Pro-Rata Method Using Bottom-Up Based On Compensation Sample Clauses
Pro-Rata Method Using Bottom-Up Based On Compensation. The allocation will be made beginning with a group of one or more of such Eligible Participants and who have the lowest Compensation for the Plan Year and continuing with the next one or more such Eligible Participants who have the next lowest Compensation until no further allocations are required to pass the ADP or ACP Tests. The amount so allocated for the Plan Year to any such Eligible Participant will be in the ratio that such Eligible Participant’s Elective Deferral bears to the total Elective Deferrals of all such Eligible Participants, except that any Elective Deferrals not used to determine basic Matching Contributions allocated to a Participant under Section 3.1(b) or 3.2(b) will not be counted.
Pro-Rata Method Using Bottom-Up Based On Compensation. The allocation will be made beginning with a group of one or more of such Eligible Participants who have the lowest Compensation for the Plan Year and continuing with the next one or more such Eligible Participants who have the next lowest Compensation until no further allocations are required to pass the ADP or ACP Tests. The amount that is so allocated for the Plan Year to any such Eligible Participant will be in the ratio that the Compensation of each such Eligible Participant bears to the total Compensation of all such Eligible Participants.
