Allocation to Participants. The Trustee shall perform a PRC allocation to Eligible Participant accounts as soon as administratively feasible after receipt of items (1) and (2) below (and in no event no later than 15 calendar days) (the “Crediting Date”), provided such items are received by the Trustee in good order. No more frequently than once per calendar quarter, the Named Fiduciary or Plan Administrator may direct the Trustee to perform a PRC allocation to Eligible Participant accounts; provided, however, that the balance in the Revenue Credit Account, if divided among Eligible Participants, would exceed $1 per participant on average. In such event, the following process shall apply:
Allocation to Participants. (A) Provided that the balance in the Revenue Credit Account amount exceeds $1 per Participant on average, the Plan Manager may direct the Trustee, no more frequently than once per calendar quarter, to allocate balances to Participant Accounts; provided, however, that with respect to the last quarter of the Plan Year, the full remaining balance in the Revenue Credit Account (after the payment of Plan expenses and reimbursement of the Company for the payment of Plan expenses) shall be allocated to Participant accounts, effective as of the last day of the Plan Year, without regard to any minimum required balance.
Allocation to Participants. [_] A. All Safe-Harbor Non-Elective and Matching Contributions funded pursuant to Section VII, of this Adoption Agreement, will be made to all Employees who have satisfied the eligibility requirements for Elective Deferrals pursuant to Section IV of this Adoption Agreement. [X] B. Employer Contributions for a Plan Year will be allocated to all Participants who have met the following requirements (if no provision is selected below, Participants will NOT be required to complete a Year of Service or be employed on the last day of the Plan Year to receive an allocation): MATCH MATCH FORMULA FORMULA 1 2 QNEC QMAC OTHER ---------------------------------------------- 1. Employment as of the last day of the Plan Year is required for: a. All employees [_] [_] [_] [_] [_]
Allocation to Participants. Profit Sharing Contributions will be allocated: ý (i) Pro rata (percentage based on compensation) o (ii) Uniform Dollar amount o (iii) Integrated With Social Security (complete (b) and (c) below) (b) Integration with Social Security. (Complete only if you have elected in 4.C(3)(a) to integrate your Plan with Social Security.) Profit Sharing Contributions will be allocated to Qualified Participants as you check below: o (i) Profit Sharing Contributions will be allocated according to the Top-Heavy Integration Formula in Plan Section 4.2(c)(1) in every Plan Year, whether or not the Plan is top-heavy. o (ii) Profit Sharing Contributions will be allocated according to the Top-Heavy Integration Formula in Plan Section 4.2(c)(1) only in Plan Years in which the Plan is top-heavy. In all other Plan Years, contributions will be allocated according to the Non-Top-Heavy Integration Formula in Plan Section 4.2(c)(2). (c) Integration Level. (Complete only if you have elected in 4.C(3)(a) to integrate your Plan with Social Security.) The Integration Level will be (check one): o (i) The Social Security Wage Base in effect at the beginning of the Plan Year. o (ii) % (not more than 100%) of the Social Security Wage Base in effect at the beginning of the Plan Year. o (iii) $ (not more than the Social Security Wage Base). Note: The Social Security Wage Base is indexed annually to reflect increases in the cost of living. (4)
Allocation to Participants. Profit Sharing Contributions -------------------------- will be allocated: [X] (i) Pro rata (percentage based on compensation)
Allocation to Participants. For purposes of allocations only, Eligible Participant means any Participant or beneficiary (exclusive of those with Status Codes listed on Schedule “B-2”) with a balance greater than zero as of the Crediting Date, inclusive of any contributions, withdrawals or distributions as of such date. The Trustee shall make an allocation to Eligible Participant accounts as soon as administratively feasible after receipt of items (1) and (2) below (and in no event later than 15 calendar days) (the “Crediting Date”), provided such items are received by the Trustee In Good Order. No more frequently than once per calendar quarter, the Named Fiduciary or Administrator may direct the Trustee to allocate amounts in the Revenue Credit Account to Eligible Participant accounts. In such event, the following process shall apply:
