Common use of Super-integrated allocation formula Clause in Contracts

Super-integrated allocation formula. The Employer in its Volume Submitter Plan may elect a super- integrated allocation formula. The Plan Administrator will allocate the Employer Contribution for the Plan Year in accordance with the tiers of priority that the Employer elects in its Adoption Agreement. The Plan Administrator will not allocate to the tier with the next lower priority until the Employer has contributed an amount sufficient to maximize the allocation under the immediately preceding tier.

Appears in 2 contracts

Samples: Adoption Agreement (Knowles Corp), Participation Agreement (Nci Building Systems Inc)

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Super-integrated allocation formula. The Employer in its Volume Submitter Plan may elect a super- integrated super‑integrated allocation formula. The Plan Administrator will allocate the Employer Contribution for the Plan Year in accordance with the tiers of priority that the Employer elects in its Adoption Agreement. The Plan Administrator will not allocate to the tier with the next lower priority until the Employer has contributed an amount sufficient to maximize the allocation under the immediately preceding tier.

Appears in 1 contract

Samples: Plan and Trust Agreement (Bob Evans Farms Inc)

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Super-integrated allocation formula. The Employer in its Volume Submitter Plan may elect a super- super-integrated allocation formula. The Plan Administrator will allocate the Employer Contribution for the Plan Year in accordance with the tiers of priority that the Employer elects in its Adoption Agreement. The Plan Administrator will not allocate to the tier with the next lower priority until the Employer has contributed an amount sufficient to maximize the allocation under the immediately preceding tier.

Appears in 1 contract

Samples: Plan and Trust Agreement (Finisar Corp)

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