Formula 1 definition
Examples of Formula 1 in a sentence
If there shall have occurred a subdivision or consolidation of the Shares (except for a Merger Event) into a greater or lesser number of Shares, the Conversion Price will be adjusted as of the date on which such event occurred by multiplying the Conversion Price then in effect by Formula 1 in Section 5.4(b) below.
If the Issuer makes or causes to be made a free distribution of Shares by way of capitalisation of profits or reserves to existing holders of Shares as a class (other than constituting a Cash or Stock Dividend), the Conversion Price will be adjusted as of the Ex-Date of such distribution by multiplying the Conversion Price then in effect by Formula 1 in Section 5.4(b) below.
Profit sharing contributions shall be allocated to each Member's Account for the Contribution Determination Period at the election of the Employer, in accordance with one of the following options: Profit Sharing Formula 1 - In the same ratio as each Member's Salary during such Contribution Determination Period bears to the total of such Salary of all Members.
Participants may withdraw fully vested Non-Elective Contributions (Formula 1) plus their earnings.
Participants may withdraw vested Non-Elective Contributions (Formula 1) plus their earnings.
Participants may withdraw vested Employer Matching Contributions (Formula 1) plus their earnings.
Participants may withdraw vested Non-Safe Harbor Matching Formula 1 Contributions plus their earnings.
Type of Contribution Matching Contribution (Formula 1) Matching Computation Period Limitations Matching Contribution (Formula 2) Matching Computation Period Limitations If the Matching Contribution formula selected by the Employer is 100% vested and may not be distributed to the Participant before the earlier of the date the Participant has a severance from employment, retires, becomes disabled, attains 59½, or dies, it may be treated as a Qualified Matching Contribution.
Profit sharing contributions shall be allocated to each Member’s Account for the Contribution Determination Period at the election of the Employer, in accordance with one of the following options: Profit Sharing Formula 1 – In the same ratio as each Member’s Salary during such Contribution Determination Period bears to the total of such Salary of all Members.
Further note that in accordance with applicable law, neither Schedule 3 nor Schedule 6 may be elected for purposes of Employer matching and/or Employer Supplemental Contributions Formula 1 (pursuant to Plan Section 3.7) contributions.