Uniform Points Allocation Formula. The Employer in its Nonstandardized Plan or Volume Submitter Plan may elect a uniform points allocation formula. The Plan Administrator will allocate any Employer Contribution for a Plan Year in the same ratio that each Participant's points bear to the total points of all Participants for the Plan Year. The Plan Administrator determines a Participant's points in accordance with the Employer's Adoption Agreement elections under which the Employer will elect to define points based on Years of Service, Compensation and/or age.
Appears in 3 contracts
Samples: Plan and Trust Agreement (Bob Evans Farms Inc), Participation Agreement (Nci Building Systems Inc), Plan and Trust Agreement (Finisar Corp)
Uniform Points Allocation Formula. The Employer in its Nonstandardized Plan or Volume Submitter Plan may elect a uniform points allocation formula. The Plan Administrator will allocate any Employer Contribution for a Plan Year in the same ratio that each Participant's ’s points bear to the total points of all Participants for the Plan Year. The Plan Administrator determines a Participant's ’s points in accordance with the Employer's ’s Adoption Agreement elections under which the Employer will elect to define points based on Years of Service, Compensation and/or age.
Appears in 1 contract
Samples: Adoption Agreement (Knowles Corp)
