Profit Share Pool Allocation definition

Profit Share Pool Allocation means the percentage of the Profit Share Pool allocated to each Participant by the Committee for a Performance Period.
Profit Share Pool Allocation means a percentage of the Profit Share Pool allocated to each Participant which shall be computed by the Administrator for each Performance Period by dividing the Participant’s Profit Sharing Units by the total number of Profit Sharing Units awarded to all Participants as of the end of the applicable Performance Period.

Examples of Profit Share Pool Allocation in a sentence

  • As a result: • Profit Share Pool: 5% x $13,800,000 = $690,000 • Final Profit Share Pool Allocation for Mr. A: 1% x $690,000 = $6,900 • Final Profit Share Pool Allocation for Ms. B: 4% x $690,000 = $27,600 • Maximum aggregate payments to executive officers: 25% x $690,000 = $172,500 Payment of Profit Shares.

  • Each Participant’s Profit Share, by multiplying the Profit Share Pool by the Participant’s final Profit Share Pool Allocation for the Performance Period; provided, however, no payment to any one Participant shall exceed 50% of base salary.

  • As soon as reasonably practicable after the end of a Performance Period the Committee will determine: (i) the size of the Profit Share Pool for the Performance Period; (ii) the Participants’ Profit Share Pool Allocations for the Performance Period; and each Participant’s Profit Share, by multiplying the Profit Share Pool by the Participant’s final Profit Share Pool Allocation for the Performance Period.

  • No final Profit Share Pool Allocation shall exceed 10% of the Profit Share Pool for any Performance Period.Notwithstanding the foregoing (a) the Committee shall have the discretion to eliminate or reduce the Profit Share that otherwise would be payable to a Participant, based on such factors as deemed appropriate by the Committee, and (b) in no event may more than 25% of the Profit Share Pool for the Performance Period be payable in the aggregate to the executive officers of the Company.

  • No final Profit Share Pool Allocation shall exceed 10% of the Profit Share Pool for any Performance Period and no payment to any one Participant shall exceed 50% of base salary or 150% of target.

  • The Participant’s final Profit Share Pool Allocation for the Performance Period, based on the participant’s Profit Share Target as adjusted by the Committee for various factors, including (but not limited to) the Participant’s Performance Rating Factor.

Related to Profit Share Pool Allocation

  • Target Capital Account means the Capital Account of a Member as of the end of each fiscal year, increased by any amount that such Member is obligated to restore under this Agreement, is treated as obligated to restore under Treasury Regulations Section 1.704-1(b)(2)(ii)(c), or is deemed obligated to restore under the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and (i)(5).

  • Class B Fixed Allocation means, with respect to any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Investor Interest as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the Investor Interest as of the close of business on the last day of the Revolving Period.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Class B Floating Allocation means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Adjusted Investor Interest as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Investor Interest as of the close of business on such day; provided, however, that, with respect to the first Monthly Period, the Class B Floating Allocation shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Investor Interest and the denominator of which is the Initial Investor Interest.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Economic Capital Account Balances has the meaning set forth in Section 5.01(g) hereof.

  • Employer Contributions means all amounts paid into ASRS by an

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.