Alternative method of allocating income. The Plan Administrator may allocate income to excess contributions for the Plan Year by multiplying the income for the Plan Year allocable to the elective contributions and other amounts taken into account under the actual deferral percentage test (including contributions made for the Plan Year), by a fraction, the numerator of which is the excess contributions for the Employee for the Plan Year. and the denominator of which is the sum of the:
Appears in 3 contracts
Samples: Employee Savings Plan (Quanex Corp), Plan for Hourly Employees (Quanex Corp), Agreement (Quanex Corp)
Alternative method of allocating income. The Plan Administrator may allocate income to excess contributions Excess Contributions for the Plan Year by multiplying the income for the Plan Year allocable to the elective contributions Elective Contributions and other amounts taken into account under the actual deferral percentage ADP test (including contributions made for the Plan Year), by a fraction, the numerator of which is the excess contributions Excess Contributions for the Employee for the Plan Year. , and the denominator of which is the sum of the:
Appears in 2 contracts
Samples: Adoption Agreement (LSB Bancshares Inc /Nc/), Vulcan Materials (Vulcan Materials Co)
Alternative method of allocating income. The Plan Administrator may allocate income to excess contributions Excess Contributions for the Plan Year by multiplying the income for the Plan Year allocable to the elective contributions Elective Contributions and other amounts taken into account under the actual deferral percentage ADP test (including contributions made for the Plan Year), . by a fraction, the numerator of which is the excess contributions Excess Contributions for the Employee for the Plan Year. , and the denominator of which is the sum of the:
Appears in 1 contract
Samples: Talbots Inc
