Contribution Percentage shall be Sample Clauses

Contribution Percentage shall be. For purposes of this section, year is defined as (select one):
Sample 1Sample 2Sample 3See All (4)
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Contribution Percentage shall be. For purposes of this section, year is defined as (select one): ¨ (a) the Plan Year (if selected, must enter a percentage for each year): % for the first year following automatic enrollment (must be at least 3% but not more than 10%); % for the second year following automatic enrollment (must be at least 4% but not more than 10%); % for the third year following automatic enrollment (must be at least 5% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%). ¨ (b) the 12 month period ending on the anniversary of each Participant’s enrollment date (if selected, enter a percentage for each year): % for the first year following automatic enrollment (must be at least 4% but not more than 10%); % for the second year following automatic enrollment (must be at least 5% but not more than 10%); % for the third year following automatic enrollment (must be at least 6% but not more than 10%); % for the fourth year following automatic enrollment (must be at least 6% but not more than 10%); % for the fifth year following automatic enrollment (must be at least 6% but not more than 10%); % for the sixth year following automatic enrollment (must be at least 6% but not more than 10%); % for the seventh year following automatic enrollment (must be at least 6% but not more than 10%); % for the eighth year and all subsequent years following automatic enrollment (must be at least 6% but not more than 10%).
Sample 1

Related to Contribution Percentage shall be

  • Original Class A Percentage The Original Class A Percentage is 96.79331905%.

  • Pro Rata Allocation 37 Prospectus....................................................................................37

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • ALLOCATION OF CONTRIBUTIONS If the application is in good order, the initial Contribution will be applied within two Business Days of receipt at the Retirement Resource Operations Center. During the right to cancel period, all Contributions will be allocated in one or more of the Sub-Account(s) as specified in the application. During the right to cancel period, the Owner may change the allocations to the Sub-Accounts. Subsequent Contributions will be allocated to the Annuity Account in the proportion Requested by the Owner. If there are no accompanying instructions, then allocations will be made in accordance with standing instructions. Allocations will be effective upon the Transaction Date.

  • Capital Contributions; Percentage Interest The Members shall make contributions to the Company in an amount approved by the Members. No Member shall be required or permitted to make any additional contributions without the consent of all of the Members. The percentage interest of each Member in the Company shall be as set forth in the books and records of the Company, as amended from time to time by Managing Member consent.

  • DISTRIBUTION OF EXCESS AGGREGATE CONTRIBUTIONS The Advisory Committee will determine excess aggregate contributions after determining excess deferrals under Section 14.07 and excess contributions under Section 14.08. If the Advisory Committee determines the Plan fails to satisfy the ACP test for a Plan Year, it must distribute the excess aggregate contributions, as adjusted for allocable income, during the next Plan Year. However, the Employer will incur an excise tax equal to 10% of the amount of excess aggregate contributions for a Plan Year not distributed to the appropriate Highly Compensated Employees during the first 2 1/2 months of that next Plan Year. The excess aggregate contributions are the amount of aggregate contributions allocated on behalf of the Highly Compensated Employees which causes the Plan to fail to satisfy the ACP test. The Advisory Committee will distribute to each Highly Compensated Employee his respective share of the excess aggregate contributions. The Advisory Committee will determine the respective shares of excess aggregate contributions by starting with the Highly Compensated Employee(s) who has the greatest contribution percentage, reducing his contribution percentage (but not below the next highest contribution percentage), then, if necessary, reducing the contribution percentage of the Highly Compensated Employee(s) at the next highest contribution percentage level (including the contribution percentage of the Highly Compensated Employee(s) whose contribution percentage the Advisory Committee already has reduced), and continuing in this manner until the ACP for the Highly Compensated Group satisfies the ACP test. If the Highly Compensated Employee is part of an aggregated family group, the Advisory Committee, in accordance with the applicable Treasury regulations, will determine each aggregated family member's allocable share of the excess aggregate contributions assigned to the family unit.

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

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