Excess Allocation definition

Excess Allocation means (i) with respect to any Eligible Equity Investment, the amount (if any) by which the Portfolio Weighting of such Eligible Equity Investment exceeds the Equity Weighting Limit and (ii) with respect to any Sector, one-half of the amount (if any) by which the Portfolio Weighting of such Sector exceeds the Sector Weighting Limit.

Excess Allocation means an Excess Amount for which the Code or regulations do not provide any corrective mechanism. Excess Allocations include Excess Amounts as defined in section 5.01(3)(a) (i), (ii), (v), and (vi) (except with respect to § 401(m) or § 411(a)(3)(G) violations). Excess Allocations must be corrected in accordance with section 6.06(2).

Excess Allocation means an allocation to a Participant’s Account pursuant to Section 3(c) in lieu of a contribution under the Money Purchase Plan.

Examples of Excess Allocation in a sentence

• Any matching contribution or nonelective employer contribution (adjusted for earnings) which constitutes an Excess Allocation is then forfeited and placed in an unallocated account established for the purpose of holding Excess Allocations to be used to reduce employer contributions in the current year and succeeding year(s).

• If the Excess Allocation would have been allocated to other employees in the year of the failure had the failure not occurred, then that amount (adjusted for earnings) is reallocated to those employees in accordance with the plan's allocation formula.

• If an Excess Allocation resulting from a violation of § 415 consists of annual additions attributable to both employer contributions and elective deferrals or after-tax employee contributions, then the correction of the Excess Allocation is completed by first distributing the unmatched employee’s after-tax contributions (adjusted for earnings) and then the unmatched employee’s elective deferrals (adjusted for earnings).

• In general, an Excess Allocation, as defined in section 5.01(3)(a) of this revenue procedure, is corrected in accordance with the Reduction of Account Balance Correction Method set forth in this paragraph.

• Under this method, the account balance of an employee who received an Excess Allocation is reduced by the Excess Allocation (adjusted for earnings).

More Definitions of Excess Allocation

Excess Allocation is defined in Section 5.1.4.

Excess Allocation. As defined in Section 3.1.4(c).

Excess Allocation means, with respect to any Facility purchased in accordance with Section 31.4.3(c), the excess, if any, of (x) the Pre-Adjusted Allocated Minimum Rent for such Facility immediately prior to the date of the closing of Escrow for such purchase over (y) the amount of the Facility Purchase Rent Reduction in respect of such purchase. Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.

Excess Allocation is defined in Section 9.1.2.

Excess Allocation means the excess of (i) the value of shares to be allocated to employees as required under the terms of the Plan during any given period over (ii) the amount which may be allocated pursuant to scheduled payments of principal and interest on the Notes.

Excess Allocation means, with respect to any Removed Facility, the excess, if any, of (x) the Pre-Adjusted Allocated Minimum Rent for such Facility immediately prior to the Removal Date applicable to such Facility over (y) the amount of the Facility Purchase Rent Reduction in respect of such Facility.

Excess Allocation means the amount by which the portion of the Aggregate Consideration allocated to any category of assets exceeds the tax basis of such category of assets.