Common use of Pro Rata Allocation Method Clause in Contracts

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.

Appears in 3 contracts

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)

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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.)

Appears in 1 contract

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\)

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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)

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