Pro Rata Allocation Method. (See Section 2.3(e)(1) of the BPD.) The QNEC will be allocated as a uniform percentage of Included Compensation to: (1) all Eligible Participants who are Nonhighly Compensated Employees. [ ] (2) all Eligible Participants.
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Samples: 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), Profit Sharing/401(k) Plan Adoption Agreement (Capital Corp of the West)
Pro Rata Allocation Method. (See Section 2.3(e)(1) of the BPD.) The QNEC will be allocated as a uniform percentage of Included Compensation to:
(1) all Eligible Participants who are Nonhighly Compensated Employees. [ ] .
(2) all Eligible Participants. [X] b. Bottom-up QNEC method. The QNEC will be allocated to Eligible Participants who are Nonhighly Compensated Employees in reverse order of Included Compensation. (See Section 2.3(e)(2) of the BPD.)
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Samples: 401(k) Plan Adoption Agreement (Peoples Holding Co)
Pro Rata Allocation Method. (See Section 2.3(e)(1) of the BPD.) The QNEC will be allocated as a uniform percentage of Included Compensation to:
(11 ) all Eligible Participants who are Nonhighly Compensated Employees. [ ] (2) all Eligible Participants.
Appears in 1 contract
Samples: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)
Pro Rata Allocation Method. (See Section 2.3(e)(1) of the BPD.) The QNEC will be allocated as a uniform percentage of Included Compensation to:
þ (1) all Eligible Participants who are Nonhighly Compensated Employees. [ ] o (2) all Eligible Participants.
Appears in 1 contract
Samples: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\)
Pro Rata Allocation Method. (See Section 2.3(e)(1) of the BPD.) The QNEC will be allocated as a uniform percentage of Included Compensation to:
: [X] (1) all Eligible Participants who are axe Nonhighly Compensated Employees. [ ] (2) all Eligible Participants.
Appears in 1 contract
Samples: Defined Contribution Plan and Trust (National Penn Bancshares Inc)