Allocation of Salary Deferral Contributions. The Committee or its designee shall allocate the Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement (as described in Section 3.01) and shall credit each such Participant's share to his Salary Deferral Contribution Account.
Appears in 6 contracts
Samples: Employee Savings Plan (Quanex Corp), 401(k) Plan Amendment and Restatement (Quanex Corp), Employee Savings Plan (Quanex Corp)
Allocation of Salary Deferral Contributions. The Committee or its designee shall allocate the Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement (as described in Section 3.01) and shall credit each such Participant's ’s share to his Salary Deferral Contribution Account.
Appears in 4 contracts
Samples: 401(k) Plan Amendment and Restatement (Quanex Corp), Employee Savings Plan (Quanex Corp), 401(k) Savings Plan (Quanex Corp)
Allocation of Salary Deferral Contributions. The Committee or its designee shall allocate the Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement (as described in under Section 3.01) 3.01 and shall credit each such Participant's ’s share to his Salary Deferral Contribution Account.
Appears in 2 contracts
Samples: 401(k) Savings Investment Plan (Furmanite Corp), 401(k) Savings Investment Plan Amendment (Furmanite Corp)
Allocation of Salary Deferral Contributions. The Committee or its designee shall allocate the Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement (as described in under Section 3.01) 3.01 and shall credit each such Participant's share to his Salary Deferral Contribution Account.
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