Common use of Allocation by Classification of Participants Clause in Contracts

Allocation by Classification of Participants. The Profit Sharing Account of an Eligible Participant who is a member of a classification of Participants shall be credited with a portion of the contribution made for that classification, plus any forfeitures, if forfeitures are reallocated to Participants, equal to the ratio of that Eligible Participant's Plan Compensation for the Plan Year as it bears to the Plan Compensation of all Eligible Participants in that classification for that Plan Year. "

Appears in 2 contracts

Samples: Non Standardized (Colfax CORP), Books a Million Inc

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Allocation by Classification of Participants. The Profit Sharing Account of an Eligible Participant who is a member of a classification of Participants shall be credited with a portion of the contribution made for that classification, plus any forfeitures, if forfeitures are reallocated to Participants, equal to the ratio of that Eligible Participant's ’s Plan Compensation for the Plan Year as it bears to the Plan Compensation of all Eligible Participants in that classification for that Plan Year. "

Appears in 2 contracts

Samples: Contribution Plan and Trust (Triad Guaranty Inc), SXC Health Solutions Corp.

Allocation by Classification of Participants. The Profit Sharing Account of an Eligible Participant Participants who is a member of a classification of Participants shall be credited with a portion of the contribution made for that classification, plus any forfeitures, if forfeitures are reallocated to Participants, equal to the ratio of that Eligible Participant's ’s Plan Compensation for the Plan Year as it bears to the Plan Compensation of all Eligible Participants in that classification for that Plan Year. "

Appears in 1 contract

Samples: Non Standardized (Atlas America Inc)

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Allocation by Classification of Participants. The Profit Sharing Account of an Eligible Participant who is a member of a classification of Participants shall be credited with a portion of the contribution made for that classification, plus any forfeitures, if forfeitures are reallocated to Participants, equal to the ratio of that the Eligible Participant's ’s Plan Compensation for the Plan Year as it bears to the Plan Compensation of all Eligible Participants in that classification for that Plan Year. "

Appears in 1 contract

Samples: Adoption Agreement (Aecom)

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