Common use of Allocation Formula Clause in Contracts

Allocation Formula. (a) Pro rata allocation. The discretionary Employer Contribution under AA §6-2 will be allocated: 🞎 (1) as a uniform percentage of Plan Compensation. 🞎 (2) as a uniform dollar amount. (b) Fixed or outside agreement, contract or arrangement contribution. The fixed or outside agreement, contract or arrangement Employer Contribution under AA §6-2 will be allocated in accordance with the selections made with respect to fixed or outside agreement Employer Contributions under AA §6-2.

Appears in 4 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement

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Allocation Formula. (a) Pro rata allocation. The discretionary Employer Contribution under AA §6-2 will be allocated: 🞎 (1) as a uniform percentage of Plan Compensation. 🞎 (2) as a uniform dollar amount. (b) Fixed or outside agreement, contract or arrangement contribution. The fixed or outside agreement, contract or arrangement Employer Contribution under AA §6-2 will be allocateas a uniform percentage of Plan Compensation or as a uniform dollar amount. If a fixed Employer Contribution is selected in AA §6-2(b), the Employer Contribution will be allocated d in accordance with the selections made with respect tin AA §6-2(b). If both a discretionary and o fixed or outside agreement Employer Contributions undeContribution is selected in r AA §6, this subsection (a) may be selected for both contribution formulas-2.

Appears in 2 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement

Allocation Formula. (a) Pro rata allocation. The discretionary Employer Contribution under AA §6-2 will be allocated: 🞎 (1) as a uniform percentage of Plan Compensation. 🞎 (2) as a uniform dollar amount. 🞎 . (b) Fixed or outside agreement, contract or arrangement contribution. The fixed or outside agreement, contract or arrangement Employer Contribution under AA §6-2 will be allocated in accordance with the selections made with respect to fixed or outside agreement Employer Contributions under AA §6-2.

Appears in 1 contract

Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement

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Allocation Formula. (a) Pro rata allocation. The discretionary Employer Contribution under AA Β§6-2 will be allocated: 🞎 (1) as a uniform percentage of Plan Compensation. � οΏ½ (2) as a uniform dollar amount. (b) Fixed or outside agreement, contract or arrangement contribution. The fixed or outside agreement, contract or arrangement Employer Contribution under AA Β§6-2 will be allocated in accordance with the selections made with respect to fixed or outside agreement Employer Contributions under AA Β§6-2.

Appears in 1 contract

Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement

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