4-Step Method Only Sample Clauses

4-Step Method Only. If the Sponsoring Employer elects the 4-step method for all Allocation Periods, then the contribution will be allocated in the following manner: (i) Step 1. First, an amount will be allocated in the ratio that his or her Compensation bears to the total Compensation of all Benefiting Participants, but the maximum amount allocated under this subparagraph will not exceed 3% of a