Common use of Related Employers Clause in Contracts

Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Administrative Committee must allocate all Employer profit sharing contributions (and forfeitures treated as profit sharing contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (Choose (m) or (n)) [ ] (m) Without regard to which contributing related group member employs the Participant. [X] (n) Only to the Participants directly employed by the contributing Employer. If a Participant receives Compensation from more than one contributing Employer, the Administrative Committee will determine the allocations under this Adoption Agreement Section 3.04 by prorating among the participating Employers the Participant's Compensation and, if applicable, the Participant's Integration Level under Option (i).

Appears in 2 contracts

Samples: Adoption Agreement (Goodmark Foods Inc), Adoption Agreement (Conagra Inc /De/)

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Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Administrative Advisory Committee must allocate all Employer profit sharing nonelective contributions (and forfeitures treated as profit sharing nonelective contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (Choose (m) or (n)) [ ] (m) Without regard to which contributing related group member employs the Participant. [X] (n) Only to the Participants directly employed by the contributing Employer. If a Participant receives Compensation from more than one contributing Employer, the Administrative Advisory Committee will determine the allocations under this Adoption Agreement Section 3.04 by prorating among the participating Employers the Participant's Compensation and, if applicable, the Participant's Integration Level under Option (i).

Appears in 2 contracts

Samples: Defined Contribution Master Plan and Trust Agreement (Checkfree Corp \Ga\), Adoption Agreement (FBL Financial Group Inc)

Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Administrative Advisory Committee must allocate all Employer profit sharing nonelective contributions (and forfeitures treated as profit sharing nonelective contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (Choose CHOOSE (mM) or OR (nN)) [ [x] (m) Without regard to which contributing related group member employs the Participant. [X_] (n) Only to the Participants directly employed by the contributing Employer. If a Participant receives Compensation from more than one contributing Employer, the Administrative Advisory Committee will determine the allocations under this Adoption Agreement Section 3.04 by prorating among the participating Employers the Participant's Compensation and, if applicable, the Participant's Integration Level under Option (i).

Appears in 1 contract

Samples: Adoption Agreement (Benchmark Electronics Inc)

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Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Administrative Advisory Committee must allocate all Employer profit sharing nonelective contributions (and forfeitures treated as profit sharing nonelective contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (Choose (m) or (n)) [ ] (m) Without regard to which contributing related group member employs the Participant. [X[ X ] (n) Only to the Participants directly employed by the contributing Employer. If a Participant receives Compensation from more than one contributing Employer, the Administrative Advisory Committee will determine the allocations under this Adoption Agreement Section 3.04 by prorating among the participating Employers the Participant's Compensation and, if applicable, the Participant's Integration Level under Option (i).

Appears in 1 contract

Samples: Adoption Agreement (Eglobe Inc)

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