Common use of Compensation Taken Into Account Clause in Contracts

Compensation Taken Into Account. The Employer must specify in its Adoption Agreement the Compensation the Advisory Committee is to take into account in allocating an Employer contribution to a Participant's Account for the Plan Year in which the Employee first becomes a Participant. For all other Plan Years, the Advisory Committee will take into account only the

Appears in 4 contracts

Samples: Defined Contribution Master Plan and Trust Agreement (Transcrypt International Inc), Defined Contribution Prototype Plan and Trust Agreement (Quicksilver Resources Inc), Defined Contribution Master Plan and Trust Agreement (Nci Building Systems Inc)

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Compensation Taken Into Account. The Employer must specify in its Adoption Agreement the Compensation the Advisory Committee is to take into account in allocating an Employer contribution to a Participant's Account for the Plan Year in which the Employee first becomes a Participant. For all other Plan Years, the Advisory Committee will take into account only the Compensation determined for the portion of the Plan Year in which the Employee actually is a Participant. The Advisory Committee must take into account the

Appears in 1 contract

Samples: Adoption Agreement (Motor Cargo Industries Inc)

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