Common use of Estimated and Actual Compensation Clause in Contracts

Estimated and Actual Compensation. Prior to the determination of the Participant's actual Compensation for the Limitation Year, the Plan Administrator may determine the Combined Plans Limitation on the basis of the Participant's estimated annual Compensation for such Limitation Year. The Plan Administrator will make this determination on a reasonable and uniform basis for all Participants similarly situated. The Plan Administrator must reduce the allocation of any Employer Contribution (including the allocation of Participant forfeitures) based on estimated annual Compensation by any Excess Amounts carried over from prior years. As soon as is administratively feasible after the end of the Limitation Year, the Plan Administrator will determine the Combined Plans Limitation on the basis of the Participant's actual Compensation for such Limitation Year.

Appears in 3 contracts

Samples: Plan and Trust Agreement (Bob Evans Farms Inc), Participation Agreement (Nci Building Systems Inc), Plan and Trust Agreement (Finisar Corp)

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Estimated and Actual Compensation. Prior to the determination of the Participant's actual Compensation for the a Limitation Year, the Plan Administrator may determine the Combined Plans Limitation Annual Additions Limit on the basis of the Participant's estimated annual Compensation for such Limitation Year. The Plan Administrator will must make this determination on a reasonable and uniform basis for all Participants similarly situated. The Plan Administrator must reduce the allocation of any Employer Contribution Contributions (including the any allocation of Participant forfeitures) based on estimated annual Compensation by any Excess Amounts carried over from prior yearsLimitation Years. As soon as is administratively feasible after the end of the Limitation Year, the Plan Administrator will determine the Combined Plans Annual Additions Limit for the Limitation Year on the basis of the Participant's actual Compensation for such Limitation Year.

Appears in 2 contracts

Samples: Participation Agreement (Nci Building Systems Inc), Plan and Trust Agreement (Finisar Corp)

Estimated and Actual Compensation. Prior to the determination of the Participant's ’s actual Compensation for the Limitation Year, the Plan Administrator may determine the Combined Plans Limitation Annual Additions Limit on the basis of the Participant's ’s estimated annual Compensation for such Limitation Year. The Plan Administrator will make this determination on a reasonable and uniform basis for all Participants similarly situated. The Plan Administrator must reduce the allocation of any Employer Contribution (including the allocation of Participant forfeitures) based on estimated annual Compensation by any Excess Amounts carried over from prior years. As soon as is administratively feasible after the end of the Limitation Year, the Plan Administrator will determine the Combined Plans Limitation Annual Additions Limit on the basis of the Participant's ’s actual Compensation for such Limitation Year.

Appears in 1 contract

Samples: willamette.edu

Estimated and Actual Compensation. Prior to the determination of the Participant's actual Compensation for the Limitation Year, the Plan Administrator may determine the Combined Plans Limitation Annual Additions Limit on the basis of the Participant's estimated annual Compensation for such Limitation Year. The Plan Administrator will make this determination on a reasonable and uniform basis for all Participants similarly situated. The Plan Administrator must reduce the allocation of any Employer Contribution (including the allocation of Participant forfeitures) based on estimated annual Compensation by any Excess Amounts carried over from prior years. As soon as is administratively feasible after the end of the Limitation Year, the Plan Administrator will determine the Combined Plans Limitation Annual Additions Limit on the basis of the Participant's actual Compensation for such Limitation Year.

Appears in 1 contract

Samples: Plan and Trust Agreement (Bob Evans Farms Inc)

Estimated and Actual Compensation. Prior to the determination of the Participant's ’s actual Compensation for the a Limitation Year, the Plan Administrator may determine the Combined Plans Limitation Annual Additions Limit on the basis of the Participant's ’s estimated annual Compensation for such Limitation Year. The Plan Administrator will must make this determination on a reasonable and uniform basis for all Participants similarly situated. The Plan Administrator must reduce the allocation of any Employer Contribution Contributions (including the any allocation of Participant forfeitures) based on estimated annual Compensation by any Excess Amounts carried over from prior yearsLimitation Years. As soon as is administratively feasible after the end of the Limitation Year, the Plan Administrator will determine the Combined Plans Annual Additions Limit for the Limitation Year on the basis of the Participant's ’s actual Compensation for such Limitation Year.

Appears in 1 contract

Samples: Adoption Agreement (Knowles Corp)

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Estimated and Actual Compensation. Prior to the determination of the Participant's ’s actual Compensation for the Limitation Year, the Plan Administrator may determine the Combined Plans Limitation on the basis of the Participant's ’s estimated annual Compensation for such Limitation Year. The Plan Administrator will make this determination on a reasonable and uniform basis for all Participants similarly situated. The Plan Administrator must reduce the allocation of any Employer Contribution (including the allocation of Participant forfeitures) based on estimated annual Compensation by any Excess Amounts carried over from prior years. As soon as is administratively feasible after the end of the Limitation Year, the Plan Administrator will determine the Combined Plans Limitation on the basis of the Participant's ’s actual Compensation for such Limitation Year.

Appears in 1 contract

Samples: Adoption Agreement (Knowles Corp)

Estimated and Actual Compensation. Prior to the determination of the Participant's ’s actual Compensation for the Limitation Year, the Plan Administrator may determine the Combined Plans Limitation on the basis of the Participant's ’s estimated annual Compensation for such Limitation Year. The Plan Administrator will make this determination on a reasonable and uniform basis for all Participants similarly situated. The Plan Administrator must reduce the allocation of any Employer Contribution (including the allocation of Participant forfeitures) based on estimated annual Compensation by any Excess Amounts carried over from prior years. As soon as is administratively feasible after the end of the Limitation Year, the Plan Administrator will determine the Combined Plans Limitation on the basis of the Participant's ’s actual Compensation for such Limitation Year. See Section 4.05(D) regarding the definition of Compensation.

Appears in 1 contract

Samples: willamette.edu

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