Common use of Use of Prorated Compensation Clause in Contracts

Use of Prorated Compensation. For purposes of this paragraph (1)(a)(ii), for administrative convenience, in lieu of using the employee's actual plan compensation for the portion of the year during which the employee was improperly excluded, a pro rata portion of the employee's plan compensation that would have been taken into account for the plan year, if the employee had not been improperly excluded, may be used.

Appears in 18 contracts

Samples: Employee Plans Compliance Resolution System, Revenue Procedure, Revenue Procedure

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Use of Prorated Compensation. For purposes of this paragraph (1)(a)(ii), for administrative convenience, in lieu of using the employee's ’s actual plan compensation compen- sation for the portion of the year during which the employee was improperly excludedex- cluded, a pro rata portion of the employee's em- ployee’s plan compensation that would have been taken into account for the plan year, if the employee had not been improperly im- properly excluded, may be used.

Appears in 1 contract

Samples: Closing Agreements

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Use of Prorated Compensation. For purposes of this paragraph (1)(a)(ii), for administrative convenience, in lieu of using the employee's actual plan compensation for the portion of the year during which the employee was improperly excluded, a pro rata portion of the employee's ’s plan compensation that would have been taken into account for the plan year, if the employee had not been improperly excluded, may be used.

Appears in 1 contract

Samples: Revenue Procedure

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