-Step Method Only Sample Clauses

-Step Method Only. If the Sponsoring Employer elects the 2-step method for all Allocation Periods, then the contribution will be allocated in the following manner: (i) Step 1. An amount will be allocated equal to the lesser of [a] the Maximum Excess Percentage multiplied by a Benefiting Participant’s Excess Compensation; or [b] as elected in the Adoption Agreement, either [1] the greater of 5.7% or the OASI Percentage, [2] 5.4%, or [3] 4.3%, multiplied by a Benefiting Participant’s Excess Compensation.