Common use of ACCRUAL OF BENEFIT Clause in Contracts

ACCRUAL OF BENEFIT. Compensation taken into account. For the Plan Year in which the Employee first becomes a Participant, the Advisory Committee will determine the allocation of any cash or deferred contribution, designated qualified nonelective contribution or nonelective contribution by taking into account: (Choose (a) or (b)) (a) The Employee's Compensation for the entire Plan Year. (b) The Employee's Compensation only for the portion of the Plan Year in which the Employee actually is a Participant in the Plan. Accrual Requirements. Subject to the suspension of accrual requirements of Section 3.06(E) of the Plan, to receive an allocation of cash or deferred contributions, matching contributions, designated qualified nonelective contributions, nonelective contributions and Participant forfeitures, if any, for the Plan Year, a Participant must satisfy the conditions described in the folloiwng elections: (Choose (c) or at least one of (d) through (f))

Appears in 2 contracts

Samples: Nonstandardized 401(k) Plan Adoption Agreement (Invesco Value Trust), Adoption Agreement (Invesco International Funds Inc)

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ACCRUAL OF BENEFIT. Compensation taken into accountCOMPENSATION TAKEN INTO ACCOUNT. For the Plan Year in which the Employee first becomes a Participant, the Advisory Committee will determine the allocation of any cash or deferred contribution, designated qualified nonelective contribution or nonelective contribution by taking into account: (Choose (a) or (b)) (a) The Employee's Compensation for the entire Plan Year. . [X] (b) The Employee's Compensation only for the portion of the Plan Year in which the Employee actually is a Participant in the Plan. Accrual RequirementsACCRUAL REQUIREMENTS. Subject to the suspension of accrual requirements of Section 3.06(E) of the Plan, to receive an allocation of cash or deferred contributions, matching contributions, designated qualified nonelective contributions, nonelective contributions and Participant forfeitures, if any, for the Plan Year, a Participant must satisfy the conditions described in the folloiwng following elections: (Choose (c) or at least one of (d) through (f))

Appears in 2 contracts

Samples: Defined Contribution Master Plan and Trust Agreement (Universal Compression Holdings Inc), Salary Deferral Plan (Team Inc)

ACCRUAL OF BENEFIT. Compensation taken into accountCOMPENSATION TAKEN INTO ACCOUNT. For the Plan Year in which the Employee first becomes a Participant, the Advisory Committee will determine the allocation of any cash or deferred contribution, designated qualified nonelective contribution or nonelective contribution by taking into account: (Choose (a) or (b)) (a) The Employee's Compensation for the entire Plan Year. . [n/a] (b) The Employee's Compensation only for the portion of the Plan Year in which the Employee actually is a Participant in the Plan. Accrual RequirementsACCRUAL REQUIREMENTS. Subject to the suspension of accrual requirements of Section 3.06(E) of the Plan, to receive an allocation of cash or deferred contributions, matching contributions, designated qualified nonelective contributions, nonelective contributions and Participant forfeitures, if any, for the Plan Year, a Participant must satisfy satisfy, the conditions described in the folloiwng following elections: (Choose (c) ), or at least one of (d) through (f))

Appears in 1 contract

Samples: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/)

ACCRUAL OF BENEFIT. Compensation taken into accountCOMPENSATION TAKEN INTO ACCOUNT. For the Plan Year in which the Employee first becomes a Participant, the Advisory Committee will determine the allocation of any cash or deferred contribution, designated qualified nonelective contribution or nonelective contribution by taking into account: (Choose (a) or (b)) (a) The Employee's Compensation for the entire Plan Year. (b) The Employee's Compensation only for the portion of the Plan Year in which the Employee actually is a Participant in the Plan. Accrual RequirementsACCRUAL REQUIREMENTS. Subject to the suspension of accrual requirements of Section 3.06(E) of the Plan, to receive an allocation of cash or deferred contributions, matching contributions, designated qualified nonelective contributions, nonelective contributions and Participant forfeitures, if any, for the Plan Year, a Participant must satisfy the conditions described in the folloiwng following elections: (Choose (c) or at least one of (d) through (f))

Appears in 1 contract

Samples: Adoption Agreement (Midcoast Energy Resources Inc)

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ACCRUAL OF BENEFIT. Compensation taken into accountCOMPENSATION TAKEN INTO ACCOUNT. For the Plan Year in which the Employee first becomes a Participant, the Advisory Committee will determine the allocation of any cash or deferred contribution, designated qualified nonelective contribution or nonelective contribution by taking into account: (Choose CHOOSE (aA) or OR (bB)) (a) The Employee's Compensation for the entire Plan Year. (b) The Employee's Compensation only for the portion of the Plan Year in which the Employee actually is a Participant in the Plan. Accrual RequirementsACCRUAL REQUIREMENTS. Subject to the suspension of accrual requirements of Section 3.06(E) of the Plan, to receive an allocation of cash or deferred contributions, matching contributions, designated qualified nonelective contributions, nonelective contributions and Participant forfeitures, if any, for the Plan Year, a Participant must satisfy the conditions described in the folloiwng following elections: (Choose CHOOSE (cC) or at least one of OR AT LEAST ONE OF (dD) through THROUGH (fF))

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Indian Village Bancorp Inc)

ACCRUAL OF BENEFIT. Compensation taken into accountCOMPENSATION TAKEN INTO ACCOUNT. For the Plan Year in which the Employee first becomes a Participant, the Advisory Committee will determine the allocation of any cash or deferred contribution, designated qualified nonelective contribution or nonelective contribution by taking into account: (Choose (a) or (b)) (a) The Employee's Compensation for the entire Plan Year. (b) The Employee's Compensation only for the portion of the Plan Year in which the Employee actually is a Participant in the Plan. Accrual RequirementsACCRUAL REQUIREMENTS. Subject to the suspension of accrual requirements of Section 3.06(E) of the Plan, to receive an allocation of cash or deferred contributions, matching contributions, designated qualified nonelective contributions, nonelective contributions and Participant forfeitures, if any, for the Plan Year, a Participant must satisfy the conditions described in the folloiwng following elections: (Choose (c) or at least one of (d) through (f))

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Global Imaging Systems Inc)

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