Determination of Income. With respect to the occupancy of these units, household income shall be determined pursuant to regulations to be issued by the Secretary of the Treasury, in a manner consistent with determinations of lower income families and area median gross income under Section 8 of the U.S. Housing Act of 1937, as amended (the "Section 8 Program"); and, if the Section 8 Program is terminated, under the Section 8 Program regulations as in effect immediately before termination. Until the Secretary of the Treasury publishes these regulations, the income of individuals shall be determined in accordance with the Section 8 Program regulations.
Determination of Income. The amount of income allocable to each Fund Unit for any taxable year shall be determined by dividing the income of the Fund for such taxable year by the number of units in the Fund outstanding at the end of such taxable year, except that income shall be allocated to units outstanding during only part of such taxable year by taking into consideration the period of time such units are outstanding during such taxable year.
Determination of Income. After the end of each taxable year, the Trustee shall determine for such taxable year the income of the Fund, the income per Fund Unit, and the income distributable to each beneficiary pursuant to Section 4.
Determination of Income. Excess Contributions shall be adjusted for income or loss during the Plan Year and, if elected by the Committee, during the period from the end of the Plan Year to the date of distribution. The income or loss allocable to Excess Contributions for the Plan Year shall be determined (i) by multiplying income allocable to the Participant's Elective Deferrals, and contributions treated as Elective Deferrals to determine the Participant's Actual Deferral Percentage, for the Plan Year by a fraction, the numerator of which is the Excess Contribution on behalf of the Participant for the Plan Year and the denominator of which is the Participant's account balance attributable to such contributions on the last day of the Plan Year, reduced by the gain allocable to such account balance for the Plan Year and increased by the loss allocable to such account balance for the Plan Year or (ii) by any other method permitted by regulations under section 401(k) of the Code. The income allocable to Excess Contributions for the period between the end of the Plan Year and the date of distribution is determined (i) by multiplying the income for such period which is allocable to Elective Deferrals, and contributions treated as Elective Deferrals to determine the Participant's Actual Deferral Percentage, by a fraction determined under the method described in the preceding sentence, (ii) by multiplying ten percent (10%) of the amount determined in the preceding sentence by the number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution as a whole calendar month if distribution occurs after the 15th of such month, or (iii) by any other method permitted by regulations under section 401(k) of the Code.
Determination of Income. Excess Aggregate Contributions shall be adjusted for any income or loss during the Plan Year and, if elected by the Committee, during the period from the end of the Plan Year to the date of distribution. The income or loss allocable to Excess Aggregate Contributions for the Plan Year shall be determined (i) by multiplying the income allocable to Contribution Percentage Amounts for the Plan Year by a fraction, the numerator of which is the Excess Aggregate Contributions on behalf of the Participant for the Plan Year and the denominator of which is the sum of the Participant's account balances attributable to Contribution Percentage Amounts for all Plan Years on the last day of the Plan Year reduced by the gain allocable to such account balances for the Plan Year and increased by the loss allocable to such account balances for the Plan Year or (ii) by any other method permitted by regulations under section 401(m) of the Code. The income allocable to Excess Aggregate Contributions for the period between the end of the Plan Year and the date of distribution is determined (i) by multiplying the income for such period which is allocable to the Contribution Percentage Amounts by a fraction determined under the method described in the preceding sentence, (ii) by multiplying ten percent (10%) of the amount determined in the preceding sentence by the number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution as a whole calendar month if distribution occurs after the 15th of such month, or (iii) by any other method permitted by regulations under section 401(m) of the Code.
Determination of Income. 18.1 Unless the Trustees shall otherwise determine all dividends and other income received by the Trustees shall be treated as income at the date of receipt whether or not such dividends or other income shall have been earned wholly or partially in respect of a period prior to the date of receipt.
Determination of Income. The Lend- er is responsible for determining the borrower’s annual and adjusted annual income as outlined in §§ 1980.347 and 1980.348 of this subpart. Income of all persons occupying the dwelling will be verified in accordance with § 1980.347 of this subpart.
Determination of Income. The income allocable to excess contributions shall be determined by multiplying the income allocable to the Participant's deferred amounts for the Plan Year by a fraction, the numerator of which is the excess contributions made on behalf of the Participant for the Plan Year, and the denominator of which is the sum of the Participant's Account balances attributable to the Participant's deferred amounts on the last day of the Plan Year.
Determination of Income. The income allocable to excess contributions shall be determined by multiplying the income allocable to the Employer contributions and, if applicable, Employee after-tax contributions, and such elective deferrals by a fraction, the numerator of which is the excess contributions on behalf of the Participant for the Plan Year, and the denominator of which is the sum of the Participant's Account balances attributable to Employer contributions and, if applicable, Employee after-tax contributions, and such elective deferrals, on the last day of the Plan Year. Notwithstanding the foregoing, to the extent otherwise required to comply with the requirements of Section 401(a)(4) of the Code and the regulations thereunder, vested Employer contributions made pursuant to Section 4.2(a) may be forfeited.
Determination of Income. Excess Aggregate Contributions will be adjusted for any income or loss up to the end of the Plan Year and, at the discretion of the Administrator, may be adjusted for income or loss up to the date of distribution. The period between the end of the Plan Year and the date of distribution will be referred to as the gap period, and any income earned during the gap period will be allocated at the discretion of the Administrator applied consistently to all Participants and to all corrective distributions for the Plan Year. The income or loss allocable to a Participant’s Excess Aggregate Contributions will be the amount determined by either the method in subparagraph (1) or subparagraph (2) plus, if applicable, the amount determined under subparagraph (3):
