Common use of Method of Allocation Clause in Contracts

Method of Allocation. PROFIT SHARING CONTRIBUTION. Subject to any restoration allocation required under Section 5.04, the Administrative Committee will allocate and credit each annual profit sharing contribution (and Participant forfeitures treated as profit sharing contributions) to the Employer Contributions 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 (e)(2), Option (g)(2) or Option (h), for the first 3% of Compensation allocated to all Participants, "Compensation" does not include any exclusions elected under Adoption Agreement Section 1.12 (other than the exclusion of elective contributions), and the Administrative Committee must take into account the Participant's Compensation for the entire Plan Year. (Choose an allocation method under (e), (f), (g) or (h); (i) is mandatory if the Employer elects (f), (g) or (h); (j) is optional in addition to any other election.)

Appears in 4 contracts

Samples: Goodmark Foods Inc, Conagra Inc /De/, Conagra Inc /De/

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Method of Allocation. PROFIT SHARING CONTRIBUTION. Subject to any restoration allocation required under Section 5.04, the Administrative Committee will allocate and credit each annual profit sharing contribution (and Participant forfeitures treated as profit sharing contributions) to the Employer Contributions 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 (e)(2), Option (g)(2) or Option (h), for the first 3% of Compensation allocated to all Participants, "Compensation" does not include any exclusions elected under Adoption Agreement Section 1.12 (other than the exclusion of elective contributions), and the Administrative Committee must take into account the Participant's Compensation for the entire Plan Year. (Choose an allocation method under (e), (f), (g) or (h); (i) is mandatory if the Employer elects (f), (g) or (h); (j) is optional in addition to any other election.) [X] (e) NONINTEGRATED ALLOCATION FORMULA. (Choose (1) or (2))

Appears in 1 contract

Samples: Conagra Inc /De/

Method of Allocation. PROFIT SHARING NONELECTIVE CONTRIBUTION. Subject to any restoration allocation required under Section 5.04, the Administrative Advisory Committee will allocate and credit each annual profit sharing nonelective contribution (and Participant forfeitures treated as profit sharing nonelective contributions) to the Employer Contributions 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 (e)(2), Option (g)(2) or Option (h), for the first 3% of Compensation allocated to all Participants, "Compensation" does not include any exclusions elected under Adoption Agreement Section 1.12 (other than the exclusion of elective contributions), and the Administrative Advisory Committee must take into account the Participant's Compensation for the entire Plan Year. (Choose an allocation method under (e), (f), (g) or (h); (i) is mandatory if the Employer elects (f), (g) or (h); (j) is optional in addition to any other election.) [X] (e) NONINTEGRATED ALLOCATION FORMULA. (Choose (1) or (2))

Appears in 1 contract

Samples: Participation Agreement (Team Inc)

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Method of Allocation. PROFIT SHARING NONELECTIVE CONTRIBUTION. Subject to any restoration allocation required under Section 5.04, the Administrative Advisory Committee will allocate and credit each annual profit sharing nonelective contribution (and Participant forfeitures treated as profit sharing nonelective contributions) to the Employer Contributions 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 (e)(2), Option (g)(2) or Option (h), for the first 3% of Compensation allocated to all Participants, "Compensation" does not include any exclusions elected under Adoption Agreement Section 1.12 (other than the exclusion of elective contributions), and the Administrative Advisory Committee must take into account the Participant's Compensation for the entire Plan Year. (Choose an allocation method under (e), (f), (g) or (h); (i) is mandatory if the Employer elects (f), (g) or (h); (j) is optional in addition to any other election.) 13 101 [X] (e) NONINTEGRATED ALLOCATION FORMULA. (Choose (1) or (2))

Appears in 1 contract

Samples: Universal Compression Holdings Inc

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