Allocation of Company Contributions. Except as provided in Section 4.7, the Company contributions for each Plan Year shall be allocated among the Company Contributions Accounts of all Employees who were Participants on the Anniversary Date of that Plan Year or whose employment with the Companies terminated during that Plan Year because of death, Total Disability or Deferred or Normal Retirement proportionately in the ratio that the Compensation paid to such Participant, if any, for that Plan Year or since becoming a Participant in this Plan if he became a Participant within that Plan Year bears to the aggregate Compensation paid to all Participants for that Plan Year or since becoming Participants in this Plan if they became Participants within that Plan Year. To the extent cash dividends are applied to pay of an Exempt Loan under Section 4.5 and notwithstanding anything contained herein to the contrary, Company contributions shall first be applied towards crediting the Participant's Company Contributions Account to which the cash dividends would have been allocated before they are allocated under the preceding provisions of this Section.
Allocation of Company Contributions. Section 4.3. Limitations on Annual Additions...
Allocation of Company Contributions. As of each Anniversary Date the Company Contribution for the Plan Year from each Company shall be allocated among the Participants Accounts of all Participants of each Company who are (a) Active Participants employed by the Company on the Anniversary Date, or (b) Participants whose employment terminated by reason of retirement on or after his Normal or Late Retirement Date, Total Disability or death. Such Company Contribution for each Company shall be allocated to each such Participant's account in the proportion that the Compensation paid to or accrued for each such Participant during the Plan Year (even if the Participant participated in the Plan for only a portion of the Plan Year) in excess of the minimum wage bases subject to Social Security Tax as in effect on the last day of the calendar year immediately preceding the Anniversary Date bears to the total Compensation so paid to or accrued for all such Participants; provided, however, that the Company Contribution so allocated for any Plan Year shall not exceed 4.168% multiplied by the total Compensation so paid. Any excess Company Contribution not so allocated shall be allocated in the proportion that the Compensation paid to or accrued for each Participant during the Plan Year (even if the Participant participated in the Plan for only a portion of the Plan Year) bears to the total Compensation so paid to or accrued for all such Participants. Notwithstanding any provision of the Plan to the contrary, if the Plan is a Top-Heavy Plan, the Company Contribution must be allocated among the Participants' accounts so that each Participant receives an allocation of not less than three percent (3%) of such Participant's Compensation, except that such percentage shall not exceed the percentage at which contributions are made for the Key Employee for whom such percentage is the highest for the year. In the event a Participant participates or has participated in more than one qualified plan maintained by the Company, the sum of the defined benefit excess plan disparity fraction, the offset plan disparity fraction, defined contribution plan disparity fraction, and the imputed disparity fraction (as those terms are defined in I.R.C. section 401(l) and the regulations thereunder) may not exceed one (1) for the Plan Year with respect to any Employee.
Allocation of Company Contributions. Section 4.3 Limitations on Annual Additions...........12 Section 4.4 Effective Date of Allocations.............13 Section 4.5
Allocation of Company Contributions. Except as provided in Section 4.7, the Company contributions for each Plan Year shall be allocated among the Company Contributions Accounts of all Employees:
a) who were or became Participants on the Anniversary Date of that Plan Year and who completed at least one thousand (1,000) Hours of Service during such Plan Year, or
Allocation of Company Contributions. Subject to the following provisions of this paragraph, Company contributions shall be allocated and credited to the Beneficiary's account under the Plan by the Advisor as directed by the Company at the time of the contribution.
Allocation of Company Contributions. Except as provided in Section 4.7, the Company contributions for each Plan Year shall be allocated among the Company Contributions Accounts of all Employees who are still actively employed by a Company on the Anniversary Date of that Plan Year or whose employment with the Companies terminated during that Plan Year because of death, Total Disability, Deferred or Normal Retirement or after reaching age forty-five (45) with a Period of Service of at least five (5) years proportionately in the ratio that the Compensation (disregarding Compensation in excess of fifty thousand dollars ($50,000), as adjusted in the manner described below) paid to such Participant, if any, for that Plan Year or since becoming a Participant in this Plan if he became a Participant within that Plan Year bears to the aggregate Compensation (disregarding Compensation paid to any Participant in excess of fifty thousand dollars ($50,000), as adjusted in the manner described below) paid to all Participants for that Plan Year or since becoming Participants in this Plan if they became Participants within that Plan Year. The fifty thousand dollar ($50,000) limit described above shall be adjusted as of the first (1st) day of each Plan Year beginning on January 1, 1997. The adjusted limit shall be determined by multiplying fifty thousand dollars ($50,000) by a fraction the numerator of which shall be the Bureau of Labor Statistics Wage Earners Index for the month of December preceding such January 1 adjustment date and the denominator of which shall be the Bureau of Labor Statistics Wage Earners Index for December, 1995, and rounding up or down to the nearest thousand dollar increment. To the extent cash dividends on allocated shares of Stock are applied to pay of an Exempt Loan under Section 4.5 and notwithstanding anything contained herein to the contrary, Company contributions shall first be applied towards crediting the Participant's Company Contributions Account to which the cash dividends would have been allocated before they are allocated under the preceding provisions of this Section.
Allocation of Company Contributions. 30 5.06 Allocation of Rollover Contributions..................... 32 5.07 Valuation and Allocation of Assets....................... 32 5.08
Allocation of Company Contributions. The Board of Directors shall, in its sole discretion, determine the portion of the Company Contribution voted pursuant to Section 4.03 which shall be allocated to each Company Division (if any). Such determination shall be made on a basis which does not discriminate in favor of employees who are Highly Compensated Employees (in accordance with Section 401(a)(4) of the Code) and which complies with the requirements of Sections 401(a)(26) and 410(b) of the Code. As soon as practicable after the end of each Plan Year for which a Company Contribution has been made to the Trust pursuant to Section 4.03, the Company shall deliver to the Committee a schedule showing the amount of the Company Contribution for the Plan Year allocated to each Company Division and the name of each Participant who was an Employee of the Company
Allocation of Company Contributions. As soon as practicable after the end of each Plan Year for which a Company Contribution has been made to the Trust pursuant to Section 4.03, the Company shall deliver to the Committee a schedule showing the amount of the Company Contribution for the Plan Year and the name of each Participant who was an Employee of the Company on the Anniversary Date of such Plan Year, and opposite the name of each such Participant the amount of Compensation paid to such Participant by the Company during such Plan Year. The schedule shall also contain such other information as the Committee may reasonably require for the proper administration of the Plan. Upon receiving such schedule and the total contribution, if any, made by the Company for such Plan Year, and after the account balances of the Participants have been adjusted as provided in Section 5.06, the Committee shall allocate a portion of the Company Contribution to the Plan for the Plan Year to the Company Account of each Participant which bears the same ratio to such portion of the total Company Contribution as the Participant's Compensation for such Plan Year bears to the total Compensation of all eligible Participants for such Plan Year."
B. Except as so amended, the Plan in all other respects, is hereby confirmed.
