Tier Two. Under the second tier, the Plan Administrator will allocate the Employer Contributions for a Plan Year in the same ratio that each Participant's Excess Compensation (as the Employer defines that term in its Adoption Agreement) for the Plan Year bears to the total Excess Compensation of all Participants for the Plan Year, but not exceeding 3% of each Participant's Excess Compensation.
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Samples: Plan and Trust Agreement (Bob Evans Farms Inc), Participation Agreement (Nci Building Systems Inc)
Tier Two. Under the second tier, the Plan Administrator will allocate the any remaining Employer Contributions for a Plan Year in the same ratio that each Participant's Excess ’s Compensation (as the Employer defines that term in its Adoption Agreement) for the Plan Year bears to the total Excess Compensation of all Participants for the Plan Year, but not exceeding 3% of each Participant's Excess Compensation.
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Tier Two. Under the second tier, the Plan Administrator will allocate the Employer Contributions for a Defined Contribution Prototype and Volume Submitter Plan Plan Year in the same ratio that each Participant's Excess Compensation (as the Employer defines that term in its Adoption Agreement) for the Plan Year bears to the total Excess Compensation of all Participants for the Plan Year, but not exceeding 3% of each Participant's Excess Compensation.
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Tier Two. Under the second tier, the Plan Administrator will allocate the Employer Contributions for a Plan Year in the same ratio that each Participant's ’s Excess Compensation (as the Employer defines that term in its Adoption Agreement) for the Plan Year bears to the total Excess Compensation of all Participants for the Plan Year, but not exceeding 3% of each Participant's ’s Excess Compensation.
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Samples: Adoption Agreement (Knowles Corp)
Tier Two. Under the second tier, the Plan Administrator will allocate the any remaining Employer Contributions for a Plan Year in the same ratio that each Participant's Excess Compensation (as the Employer defines that term in its Adoption Agreement) for the Plan Year bears to the total Excess Compensation of all Participants for the Plan Year, but not exceeding 3% of each Participant's Excess Compensation.
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