Common use of Xxxxx-Xxxxx contract allocation formula Clause in Contracts

Xxxxx-Xxxxx contract allocation formula. The Plan Administrator will allocate the Employer contributions for a Plan Year in accordance with the applicable Xxxxx-Xxxxx contract pursuant to which the Employer has made its contributions for the Plan Year. The Employer's contributions will take into account each Participant's hourly rate, employment category, employment classification and such other factors the Xxxxx-Xxxxx contract may specify. For purposes of the Plan, "Xxxxx-Xxxxx contract" includes a contract under any state prevailing wage law.

Appears in 3 contracts

Samples: 401(k) Plan Adoption Agreement (Petco Animal Supplies Inc), Adoption Agreement (Bank of Granite Corp), Adoption Agreement (Gold Banc Corp Inc)

AutoNDA by SimpleDocs

Xxxxx-Xxxxx contract allocation formula. The Plan Administrator will allocate the Employer contributions for a Plan Year in accordance with the applicable Xxxxx-Xxxxx contract pursuant to which the Employer has made its contributions for the Plan Year. The Employer's ’s contributions will take into account each Participant's ’s hourly rate, employment category, employment classification and such other factors the Xxxxx-Xxxxx contract may specify. For purposes of the Plan, "Xxxxx-Xxxxx contract" includes a contract under any state prevailing wage law.

Appears in 2 contracts

Samples: Defined Contribution Prototype Plan (MSC Software Corp), Defined Contribution Prototype Plan (Trimeris Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!