Common use of Individual method Clause in Contracts

Individual method. The Employer will contribute:  (i) % of each Participant’s Plan Compensation plus  (ii) % of each Participant’s Excess Compensation. [Note: The percentage of Excess Compensation may not exceed the Maximum Disparity Rate. See Section 3.02(b)(2)(i)(C) of the Plan.]

Appears in 2 contracts

Samples: Purchase Plan Adoption Agreement, Purchase Plan Adoption Agreement

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Individual method. The Employer will contribute: 🞎 (i) % of each Participant’s Plan Compensation plus 🞎 (ii) % of each Participant’s Excess Compensation. [Note: The percentage of Excess Compensation may not exceed the Maximum Disparity Rate. See Section 3.02(b)(2)(i)(C) of the Plan.]

Appears in 1 contract

Samples: Purchase Plan Adoption Agreement

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Individual method. The Employer will contribute: (i) 6.3 % of each Participant’s Plan Compensation plus (ii) 12 % of each Participant’s Excess Compensation. [Note: The percentage of Excess Compensation may not exceed the Maximum Disparity Rate. See Section 3.02(b)(2)(i)(C) of the Plan.]

Appears in 1 contract

Samples: Volume Submitter Money Purchase Plan Adoption Agreement

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