Permitted disparity Clause Samples
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Permitted disparity. The Primary Employer may select an integrated allocation formula as set forth in an Adoption Agreement for purposes of allocating an Employer contribution. If an Employer has adopted more than one Qualified Plan, only one such Qualified Plan may utilize the permitted disparity rules (integrated with Social Security).
Permitted disparity. The following permitted disparity formula and definitions apply to the Plan: (Choose one of (1) or (2). Also choose (3)) o (1) Two-tiered allocation formula.
Permitted disparity. The provisions of Section III.B.6. shall apply with respect to plan years, and benefits attributable to plan years, beginning after December 31, 1988. The retirement benefit shall be determined in accordance with the formula elected by the Employer in Section III.B.2. of the Adoption Agreement.
Permitted disparity. In accordance with the permitted disparity allocation provisions of Section 3.04(B)(2), under which the following permitted disparity formula and definition of “Excess Compensation” apply (Complete (1) and (2)):
(1) Formula (Choose one of a. or b.):
a. o Two-tiered.
b. o Four-tiered.
Permitted disparity. The following formula described in Appendix A applies: (Choose (1), (2) or (3))
Permitted disparity. The following formula described in Appendix A applies: (Choose (1), (2) or (3))
(1) Two-Tiered Formula.
(2) Four-Tiered Formula.
(3) Two-Tiered Formula when the Plan is not top heavy and the Four-Tiered Formula when the Plan is top heavy.