Allocation Formula and the Right to Share in the Employer Contribution. 1. General - The Employer Contribution for any Plan Year will be allocated or contributed to the Individual Accounts of Qualifying Participants in accordance with the allocation or contribution formula specified in the Adoption Agreement. The Employer Contribution for any Plan Year will be allocated to each Participant's Individual Account as of the last day of that Plan Year. Any Employer Contribution for a Plan Year must satisfy Section 401(a)(4) and the regulations thereunder for such Plan Year.
Appears in 11 contracts
Samples: Basic Plan (Tri Continental Corp), Qualified Retirement Plan and Trust (Cornell Corrections Inc), Qualified Retirement Plan and Trust (Edelbrock Corp)
