Common use of Alternative Allocation Formulas Clause in Contracts

Alternative Allocation Formulas. The Plan Administrator will allocate Employer contributions for the Plan Year or other applicable period in accordance with the allocation formula the Employer elects in its Adoption Agreement. The Plan Administrator, in allocating under any allocation formula which is based in whole or in part on Compensation, only will take into account Compensation of those Participants entitled to an allocation. The Employer in its Adoption Agreement must elect, one or more as applicable of the following allocation formulas:

Appears in 6 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (MSC Software Corp), Participation Agreement (Petco Animal Supplies Inc), Trimeris Inc

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