Common use of Weighted Average Allocation Method Clause in Contracts

Weighted Average Allocation Method. 14.12 (14.12) Year of Service for Eligibility Purposes ........................... 2.02 (2.01) Year of Service for Vesting Purposes ............................... 5.06 (5.03) California Central Trust Bank sponsored --------------------------------------- DEFINED CONTRIBUTION MASTER PLAN AND TRUST AGREEMENT BASIC PLAN DOCUMENT # 01 -- California Central Trust Bank sponsored, in its capacity as Master Plan --------------------------------------- Sponsor, establishes this Master Plan intended to conform to and qualify under (S)401 and (S)501 of the Internal Revenue Code of 1986, as amended. An Employer establishes a Plan and Trust under this Master Plan by executing an Adoption Agreement. If the Employer adopts this Plan as a restated Plan in substitution for, and in amendment of, an existing plan, the provisions of this Plan, as a restated Plan, apply solely to an Employee whose employment with the Employer terminates on or after the restated Effective Date of the Employer's Plan. If an Employee's employment with the Employer terminates prior to the restated Effective Date, that Employee is entitled to benefits under the Plan as the Plan existed on the date of the Employee's termination of employment.

Weighted Average Allocation Method. 14.12 (14.12) Year of Service for Eligibility Purposes ........................... Purposes...................... 2.02 (2.01) Year of Service for Vesting Purposes ............................... Purposes.......................... 5.06 (5.03) California Central Trust Bank sponsored --------------------------------------- viii 45 CALIFORNIA CENTRAL TRUST BANK SPONSORED DEFINED CONTRIBUTION MASTER PLAN AND TRUST AGREEMENT BASIC PLAN DOCUMENT # 01 -- California Central Trust Bank sponsored, in its capacity as Master Plan --------------------------------------- Sponsor, establishes this Master Plan intended to conform to and qualify under (S)401 Section 401 and (S)501 Section 501 of the Internal Revenue Code of 1986, as amended. An Employer establishes a Plan and Trust under this Master Plan by executing an Adoption Agreement. If the Employer adopts this Plan as a restated Plan in substitution for, and in amendment of, an existing plan, the provisions of this Plan, as a restated Plan, apply solely to an Employee whose employment with the Employer terminates on or after the restated Effective Date of the Employer's Plan. If an Employee's employment with the Employer terminates prior to the restated Effective Date, that Employee is entitled to benefits under the Plan as the Plan existed on the date of the Employee's termination of employment.