Common use of Percentage of Compensation Formula Clause in Contracts

Percentage of Compensation Formula. The Employer’s contribution shall be % of each Participant’s Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 4 contracts

Samples: Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va), Prototype Defined Contribution Plan (Athens Bancshares Corp), ASB Bancorp Inc

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Percentage of Compensation Formula. The Employer’s contribution shall be ______% of each Participant’s Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Nonstandardized Adoption Agreement (United Community Bancorp)

Percentage of Compensation Formula. The Employer’s contribution shall be ________% of each Participant’s Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (1st Constitution Bancorp)

Percentage of Compensation Formula. The Employer’s contribution shall be 1.5% of each Participant’s Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)

Percentage of Compensation Formula. The Employer’s contribution shall be _____% of each Participant’s Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 1 contract

Samples: Participation Agreement (Sterling Chemicals Inc)

Percentage of Compensation Formula. The Employer’s contribution shall be 1.5% of each Participant’s 's Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)

Percentage of Compensation Formula. The Employer’s contribution shall be 1.5% of each Participant’s 's Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants. Applicable to newly eligible employees hired on or after January 1, 2009.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)

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Percentage of Compensation Formula. The Employer’s 's contribution shall be % of each Participant’s Participanfs Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (BBCN Bancorp Inc)

Percentage of Compensation Formula. The Employer’s contribution shall be ______% of each Participant’s 's Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Savannah Bancorp Inc)

Percentage of Compensation Formula. The Employer’s contribution shall be ______% of each Participant’s Compensation allocated on a pro-rata basis based on the Compensation of the Participant to the total Compensation of all Participants.. DE3 20 401(k) NS AA #010

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc)

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