ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Plan Administrator must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Plan Administrator will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.
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Samples: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Adoption Agreement (Bank of Granite Corp), Adoption Agreement (CRH Public LTD Co)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Plan Administrator must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The To calculate allocable income for the Plan Year, the Plan Administrator will determine allocable use a uniform and nondiscriminatory method which reasonably reflects the manner used by the Plan Administrator to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participants' Accounts.
Appears in 3 contracts
Samples: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Adoption Agreement (Bank of Granite Corp), Adoption Agreement (Gold Banc Corp Inc)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Plan Administrator must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "“Allocable income" ” means net income or net loss. The Plan Administrator will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.
Appears in 2 contracts
Samples: Defined Contribution Prototype Plan (MSC Software Corp), Defined Contribution Prototype Plan (Trimeris Inc)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.09, the Plan Administrator Employer must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Plan Administrator Employer will determine allocable income in the same manner as described in Section 14.08(F) for excess contributions.
Appears in 1 contract
Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Plan Administrator must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "“Allocable income" ” means net income or net loss. The To calculate allocable income for the Plan Year, the Plan Administrator will determine allocable use a uniform and nondiscriminatory method which reasonably reflects Table of Contents the manner used by the Plan Administrator to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participants’ Accounts.
Appears in 1 contract
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Plan Administrator must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "“Allocable income" ” means net income or net loss. The To calculate allocable income for the Plan Year, the Plan Administrator will determine allocable use a uniform and nondiscriminatory method which reasonably reflects the manner used by the Plan Administrator to allocate income in the same manner as described in Section 14.08(F) for excess contributionsto Participants’ Accounts.
Appears in 1 contract
Samples: Defined Contribution Prototype Plan (MSC Software Corp)
ALLOCABLE INCOME. To determine the amount of the corrective distribution required under this Section 14.0914.08, the Plan Administrator Employer must calculate the allocable income for the Plan Year (but not beyond the Plan Year) in which the excess aggregate contributions arose. "Allocable income" means net income or net loss. The Plan Administrator will determine To calculate allocable income in for the same Plan Year, the Employer will use a uniform and nondiscriminatory method which reasonably reflects the manner as described in Section 14.08(F) for excess contributionsused by the Plan to allocate income to Participants' Accounts.
Appears in 1 contract
Samples: Employee Profit Sharing and Stock Ownership Plan and Trust Agreement (PBSJ Corp /Fl/)