Common use of Method of Allocation Clause in Contracts

Method of Allocation. Subject to any restoration allocation required under Section 5.04, the Advisory Committee will allocate and credit each annual Employer contribution (and Participant forfeitures, if any) to the Account of each Participant who satisfies the conditions of Section 3.06, in accordance with the allocation method selected under this Section 3.04. If the Employer elects Option (a)(2) or Option (d), for the first 3% of Compensation allocated to all Participants, "Compensation" does not include any exclusion of elective contributions), and the Advisory Committee must take into account the Participant's Compensation for the entire Plan Year. (Choose an allocation method under (a), (b), (c) or (d); (e) is mandatory of the Employer elects (b), (c) or (d); (f) is optional in addition to any other election.)