Determination of Income or Loss. Excess Elective Deferral Contributions shall be adjusted for income or loss up to the date of distribution. The income or loss allocable to Excess Elective Deferral Contributions is the sum of: (1) the income or loss allocable to the Participant’s Pre-Tax Contributions Account and Xxxx Contributions Account for the calendar year in which such Excess Elective Deferral Contribution occurred multiplied by a fraction, the numerator of which is the Participant’s Excess Elective Deferral Contribution from Pre-Tax Contributions and Xxxx Contributions for that calendar year and the denominator of which is the sum of: (a) the total Account Balance of the Participant’s Pre-Tax Contributions Account and Xxxx Contributions Account as of the first day of that calendar year without regard to any income or loss occurring during that calendar year, and (b) the Participant’s Pre-Tax Contributions and Xxxx Contributions made during the calendar year and (2) 10% of the amount determined under (1) multiplied by the number of whole calendar months between the end of the Participant’s taxable year and the date of distribution, counting the month of distribution if distribution occurs after the 15th of such month. Notwithstanding anything in the preceding paragraph to the contrary, any reasonable method for computing the income or loss allocable to Excess Elective Deferral Contributions may be used, provided that such method is used consistently for all Participants and for all corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income or loss to a Participant’s Account. Income or loss allocable to the period between the end of the calendar year in which the Excess Elective Deferral Contribution occurred and the date of distribution (gap earnings) shall be disregarded in determining income or loss for Plan Years beginning before 2007, unless the Primary Employer elects otherwise.
Determination of Income or Loss. Excess Elective Deferrals shall be adjusted for income or loss for the taxable year. Unless indicated otherwise by the Committee, the income or loss allocable to Excess Elective Deferrals is the income or loss allocable to the Participant's Elective Deferral Account for the taxable year multiplied by a fraction, the numerator of which is such Participant's Excess Elective Deferrals for the year and the denominator is the Participant's account balance attributable to Elective Deferrals without regard to any income or loss occurring during such taxable year. If the Committee selects another method in order to compute the income or loss, the method selected must not violate the requirements of Code section 401(a)(4) and must be used consistently for all Plan participants and for all corrective distributions under the Plan for the taxable year.
Determination of Income or Loss. Excess Contributions shall be adjusted for income or loss for the Plan Year. Unless indicated otherwise by the Committee, the income or loss allocable to Excess Contributions is the income or loss allocable to the Participant's Elective Deferrals (and, if applicable, Qualified Nonelective Contributions or Qualified Matching Contributions or both) for the Plan Year multiplied by a fraction, the numerator of which is such Participant's Excess Contributions for the year and the denominator is the Participant's account balance attributable to Elective Deferrals (and, if applicable, Qualified Nonelective Contributions or Qualified Matching Contributions or both) without regard to any income or loss occurring during such Plan Year. If the Committee selects another method in order to compute the income or loss, the method selected must not violate the requirements of Code section 401(a)(4) and must be used consistently for all Plan participants and for all corrective distributions under the Plan for the Plan Year.
Determination of Income or Loss. The Excess Aggregate Contributions shall be adjusted for income or loss for the Plan Year. Unless indicated otherwise by the Committee, the income or loss allocable to Excess Aggregate Contributions is the income or loss allocable to the Participant's Voluntary Contribution Account, Thrift Account and Employer Matching Contribution Account for the Plan Year multiplied by a fraction, the numerator of which is such Participant's Excess Aggregate Contributions for the year and the denominator is the Participant's account balance(s) attributable to Contribution Percentage Amounts without regard to any income or loss occurring during such Plan Year. If the Committee selects another method in order to compute the income or loss, the method selected must not violate the requirements of Code section 401(a)(4) and must be used consistently for all Plan participants and for all corrective distributions under the Plan for the Plan Year.
Determination of Income or Loss. A corrective distribution of Excess Elective Deferrals under this section 7.3 shall include the income or loss allocable to such Excess Elective Deferrals for the Participant's taxable year in which such excess occurred and, if so specified in the Adoption Agreement, for the period between the end of such taxable year and the date of distribution ("gap period"). The income or loss for such taxable year and gap period, if applicable, shall be determined in accordance with the regulations under Code section 402(g). In lieu of using the safe harbor method or the alternative method in the regulations for allocating such income or loss, the Plan Administrator may use any reasonable method for computing such income or loss, provided that such method does not violate Code section 401(a)(4), is used consistently for all Participants and for all corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income or loss to Participant's Accounts.
Determination of Income or Loss. Excess Aggregate Contributions shall be adjusted for any income or loss up to the date of distribution. The income or loss allocable to Excess Aggregate Contributions is the sum of (1) the income or loss allocable to the Participant's Matching 401(k) Contribution Account or Matching Thrift Contribution Account (if any, and if all amounts therein are not used in the ADP Test) and, if applicable, Qualified Nonelective Contribution Account and Elective Deferrals Account for the plan Year multiplied by a fraction, the numerator of which is such Participant's Excess Aggregate Contributions for the year and the denominator of which is the Participant's Account Balance(s) attributable to Contribution Percentage Amounts without regard to any income or loss occurring during such Plan Year; and (2) 10% of the amount determined under (1) multiplied by the number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the 15th of such month. Anything in the preceding paragraph of this Section 3.5.2(D)(ii) to the contrary notwithstanding, any reasonable method for computing the income or loss allocable to Excess Aggregate Contributions may be used, provided that such method is used consistently for all Participants and for all corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income or loss to Participants' Accounts. Income or loss allocable to the period between the end of the Plan Year and the date of distribution may be disregarded in determining income or loss.
Determination of Income or Loss. The Plan Administrator may use one of the methods below for computing the income or loss allocable to Excess Elective Deferrals provided that such method is used consistently with respect to all Participants for the Taxable Year. Excess Elective Deferrals shall be adjusted for any income or loss up to the date of distribution. For taxable years beginning after 2007, the income or loss allocable to Excess Elective Deferrals is the income or loss allocable to the Participant's Elective Deferral account for the taxable year multiplied by a fraction, the numerator of which is such Participant's Excess Elective Deferrals for the year and the denominator is the Participant's account balance attributable to Elective Deferrals without regard to any income or loss occurring during such taxable year. For taxable years beginning before 2008, income or loss allocable to Excess Elective Deferrals also includes ten percent of the amount determined under the preceding sentence multiplied by the number of whole calendar months between the end of the Participant's taxable year and the date of distribution, counting the month of distribution if distribution occurs after the 15th of such month.
Determination of Income or Loss. The Plan Administrator may use one of the methods below for computing the income or loss allocable to Excess Aggregate Contributions provided that such method is used consistently with respect to all Participants for the Plan Year. Excess Aggregate Contributions shall be adjusted for any income or loss. For Plan Years beginning after 2007, the income or loss attributable to Excess Aggregate Contributions allocated to each Participant is the income or loss allocable to the Participant's Employee Contribution Account, Matching Contribution Account (if any, and if all amounts therein are not used in the ADP test) and, if applicable, Qualified Nonelective Contribution Account and Elective Deferral Account for the Plan Year multiplied by a fraction, the numerator of which is such Participant's Excess Aggregate Contributions for the year and the denominator is the Participant's account balance(s) attributable to Contribution Percentage Amounts without regard to any income or loss occurring during such Plan Year. For Plan Years beginning before 2008, allocable income or loss also includes ten percent of the amount determined under the preceding sentence multiplied by the number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the 15th of such month.
Determination of Income or Loss. Excess Amount shall be adjusted for any income or loss. The income or loss allocable to Excess Amount is equal to the income or loss allocable to the Participant’s Account from which amounts are returned for the Plan Year in which the Excess Amount occurred multiplied by a fraction, the numerator of which is the Participant’s Excess Amount for the Plan Year and the denominator is (i) the Participant’s Account Balances attributable to the Account from which amounts are returned as of the first day of the Plan Year without regard to any income or loss occurring during such Plan Year; and (ii) all amounts allocated to the Participant’s Account during the Plan Year. Notwithstanding anything in the preceding paragraph to the contrary, any reasonable method for computing the income or loss allocable to Excess Amount may be used, provided that such method is used consistently for all Participants and for all corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income or loss to a Participant’s Account. Income or loss allocable to the period between the end of the Plan Year in which the Excess Amount occurred and the date of distribution (gap earnings) may be disregarded in determining income or loss.
Determination of Income or Loss. The Excess Aggregate Contributions to be forfeited, if otherwise forfeitable under the terms of the plan, or if not forfeitable, distributed to the Participant shall be adjusted for income or loss. The income or loss allocable to Excess Aggregate Contributions shall be determined by multiplying the income or loss allocable to the Participant's Employee Contributions and Matching Contributions for the Plan Year by a fraction, the numerator of which is the Excess Aggregate Contributions on behalf of the Participant for the preceding Plan Year and the denominator of which is the sum of the Participant's account balances attributable to Employee Contributions and Matching Contributions on the last day of the preceding Plan Year.
