Common use of Participants Entitled to Receive an Allocation of Annual Employer Contribution Clause in Contracts

Participants Entitled to Receive an Allocation of Annual Employer Contribution. A Participant shall be entitled to receive an allocation of the Annual Employer Contribution under (a) above to the Plan for a Plan Year if he is: (1) a Participant who is credited with 1,000 or more Hours of Service during such Plan Year, provided that he is in the employment of the Employer as an Employee on the last day of such Plan Year; (2) a Participant who died during such Plan Year and prior to the termination of his employment as an Employee; (3) a Participant who retired from his employment as an Employee on or after his reaching Normal Retirement Age during such Plan Year; (4) a Participant who incurred a Disability and retired from his employment as an Employee as a result thereof during such Plan Year; or (5) a Participant who is on an Employer-Approved Leave of Absence from his employment as an Employee at the close of such Plan Year, if he received compensation from the Employer during such Plan Year. Notwithstanding the foregoing, Participants excluded from receiving an Annual Employer Contribution pursuant to an Adoption Agreement shall not be included in an allocation pursuant to this Section 4.3.