Common use of ALLOCATION OFFSET Clause in Contracts

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 2 contracts

Samples: Adoption Agreement (Motor Cargo Industries Inc), Adoption Agreement (Motor Cargo Industries Inc)

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ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) ) [n/a] (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. . [n/a] (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 2 contracts

Samples: Retirement Savings Plan Adoption Agreement (Autobytel Com Inc), Retirement Savings Plan Adoption Agreement (Autobytel Com Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: . (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Pluma Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: :______________________________________ _________________________________________________________________________ _____________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) ) [ ] (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Resortquest International Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. ----------------------- The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Indian Village Bancorp Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Active Voice Corp)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Defined Contribution Master Plan and Trust Agreement (Sonic Corp)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ ___________________________________:______________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Transcrypt International Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________ ____________________________. The Advisory Committee will determine this allocation reduction: " (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j3.040).

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Expedia Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) ) [N/A] (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. . [N/A] (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Mercury Air Group Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ __________________________________________________________________ . The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Dollar Thrifty Automotive Group Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ __________________________________________:_______________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Eglobe Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________---------------------------------------------------------------------- ---------------------------------------------------. The Advisory Committee will determine this allocation reduction: ([Choose (1) or (2))] (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (House of Fabrics Inc/De/)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ ________:_________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Defined Contribution Master Plan and Trust Agreement (Checkfree Corp \Ga\)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: __:__________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Allied Capital Corp)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ __________________________________________________________________ . The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Industrial Data Systems Corp)

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ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II 11 of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" contribution as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Midcoast Energy Resources Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _______________________________________________________________:__. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) ) [n/a] (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. . [n/a] (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) ) [N/A] (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. . [N/A] (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Schuler Homes Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Ce Software Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (FBL Financial Group Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Washington Homes Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________ _________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (Channell Commercial Corp)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose (1) or (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Retirement Savings Plan (Capital Holdings Inc)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _________________________________________________________________. The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Retirement Savings Plan Adoption Agreement (World Acceptance Corp)

ALLOCATION OFFSET. The Advisory Committee will reduce a Participant's allocation otherwise made 12 13 under Part II of this Section 3.04 by the Participant's allocation under the following qualified plan(s) maintained by the Employer: ____________ _______________________________:__________________________________. The Advisory Committee will determine this allocation reduction: (Choose CHOOSE (1) or OR (2)) (1) By treating the term "nonelective contribution" as including all amounts paid or accrued by the Employer during the Plan Year to the qualified plan(s) referenced under this Option (j). If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year. The Advisory Committee will make the computation of allocation required under the immediately preceding sentence before making any allocation of nonelective contributions under this Section 3.04. (2) In accordance with the formula provided in an addendum to this Adoption Agreement, numbered 3.04(j).

Appears in 1 contract

Samples: Adoption Agreement (American Community Bancshares Inc)

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