Integration Amount definition
Examples of Integration Amount in a sentence
Step Three - Third, the lesser of (A) the remaining Employer Contribution and Forfeitures for such Plan Year or (B) the Integration Amount shall be allocated in the same ratio that the sum of the total Compensation and Excess Compensation of each such Participant for such Plan Year bears to the sum of the total Compensation and Excess Compensation of all such Participants for such Plan Year.
STEP THREE - Third, the lesser of (A) the remaining Employer Contribution and Forfeitures for such Plan Year or (B) the Integration Amount shall be allocated in the same ratio that the sum of the total Compensation and Excess Compensation of each such Participant for such Plan Year bears the sum of the total Compensation and Excess Compensation of all such Participants for such Plan Year.
STEP THREE - Third, the lesser of (A) the remaining Employer Contribution and Forfeitures for such Plan Year or (B) the Integration Amount shall be allocated in the same ratio that the sum of the total Compensation and Excess Compensation of each such Participant for such Plan Year bears to the sum of the total Compensation and Excess Compensation of all such Participations for such Plan Year.
STEP THREE - Third, the lesser of (A) the remaining Employer Contribution and Forfeitures for such Plan Year or (B) the Integration Amount shall be allocated in the same ratio that the sum of the total Compensation and Excess Compensation of each such Participant for such Plan Year bears to the sum of the total Compensation and Excess Compensation of all such Participants for such Plan Year.
The Purchaser shall pay to the Vendors such Vendors’ Pro Rata Share of the Integration Amount on the Integration Payment Date as defined in Schedule 2.6 of the Disclosure Letter provided the portal integration conditions set out in Schedule 2.6 of the Disclosure Letter are satisfied or the Purchaser or Vendors’ Representative otherwise agree in writing.