Common use of NON-INTEGRATED ALLOCATION Clause in Contracts

NON-INTEGRATED ALLOCATION. The Employer Contributions Account of each Participant eligible to share in the allocation for a Plan Year shall be credited with a portion of the contribution, plus any forfeitures if forfeitures are reallocated to Participants, equal to the ratio that the Participant's Compensation for the Plan Year bears to the Compensation for that Plan Year of all Participants entitled to share in the contribution.

Appears in 9 contracts

Samples: Prototype Defined Contribution Plan Adoption Agreement (Seitel Inc), Adoption Agreement (Corporate Realty Consultants Inc), Adoption Agreement (Pennfed Financial Services Inc)

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