Common use of Uniform points allocation Clause in Contracts

Uniform points allocation. The discretionary Employer Contribution designated in AA §6-2 will be allocated to each Participant in the ratio that each Participant's total points bears to the total points of all Participants. A Participant will receive the following points: 🞎 (1) point(s) for each year(s) of age (attained as of the end of the Plan Year). 🞎 (2) point(s) for each $ (not to exceed $200) of Plan Compensation. 🞎 (3) point(s) for each Year(s) of Service. For this purpose, Years of Service are determined:

Appears in 4 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement

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Uniform points allocation. The discretionary Employer Contribution designated in AA §6-2 will be allocated to each Participant in the ratio that each Participant's total points bears to the total points of all Participants. A Participant will receive the following points: 🞎¨ (1) point(s) for each year(s) of age (attained as of the end of the Plan Year).¨ � (2) point(s) for each $ (not to exceed $200) of Plan Compensation. ¨ 🞎 (3) point(s) for each Year(s) of Service. For this purpose, Years of Service are determined:

Appears in 1 contract

Samples: Volume Submitter Profit Sharing/401(k) Plan Adoption Agreement (Rayonier Advanced Materials Inc.)

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Uniform points allocation. The discretionary Employer Contribution designated in AA §6-2 will be allocated to each Participant in the ratio that each Participant's total points bears to the total points of all Participants. A Participant will receive the following points: 🞎 (1) point(s) for each year(s) of age (attained as of the end of the Plan Year).� (2) point(s) for each $ (not to exceed $200) of Plan Compensation. 🞎 (3) point(s) for each Year(s) of Service. For this purpose, Years of Service are determined:

Appears in 1 contract

Samples: Volume Submitter Governmental 403(b) Plan Adoption Agreement

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