Participant Allocation definition
Examples of Participant Allocation in a sentence
If the Employer has elected the Participant Group Allocation method in the Adoption Agreement, then for purposes of determining the amount of Employer Contributions to be allocated to Employees’ accounts, each eligible Employee of the Employer will be included in a Participant Allocation Group as defined in the Adoption Agreement .
The Employer will specify in written instructions to the Plan Administrator or the Trustee, by no later than the due date of the Employer’s tax return for the year to which the Employer’s Contribution relates, the portion of such contribution to be allocated to each separate Participant Allocation Group.
Without limiting the generality of the foregoing, each Contractor shall pay when due, and its Net Profits Account will be charged with, its Unit Participation share or its Participant Allocation share, attributable to its Contractor’s Percentage of the Working Interest in the Contract Lands, of all Unit Expense, as required by, and subject to the terms of, the Unitization Agreements.
The Field Contractor, as hereinafter provided, shall be entitled to advance payment or reimbursement from the other Participants, including the Nonoperating Contractors, of their respective Unit Participation or Participant Allocation shares of all Unit Expense and taxes payable by Field Contractor.