Common use of ALLOCATION OF QNEC Clause in Contracts

ALLOCATION OF QNEC. The Committee shall separately allocate the QNEC among the Non-Highly Compensated Employees who are Members based upon each such Member's Considered Compensation as compared to the Considered Compensation of all such Members.

Appears in 5 contracts

Samples: 401(k) Savings Plan (Kaneb Services LLC), 401(k) Savings Plan (Kaneb Services LLC), 401(k) Savings Plan Amendment and Restatement (Mens Wearhouse Inc)

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ALLOCATION OF QNEC. The Committee shall separately allocate the QNEC among the Non-Highly Compensated Employees who are Members based upon each such Member's ’s Considered Compensation as compared to the Considered Compensation of all such Members.

Appears in 1 contract

Samples: 401(k) Savings Plan (Mens Wearhouse Inc)

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