Allocation Rate definition

Allocation Rate means allocation of units after deduction of Allocation Charge and applicable taxes and levies, if any

Allocation Rate means the rate described in Part 3, Condition 3.3.

Allocation Rate means the proportion of the Premium available for investment in the Policy in accordance with Condition 5.

Examples of Allocation Rate in a sentence

• Premium Allocation Rate - means the proportion of the Premium that is allocated for purchase of Units.

• The refund paid to the Policyholder will also be reduced or increased (as applicable) by the amount of any reduction or increase in the Regular Premium Fund Value and Top Up Premium Fund Value, if any, due to a fall or rise in the Unit Price between the date of allocation and redemption of Units (without reference to any Premium Allocation Rate or Charges).

• In the event of disability or death of a Beneficiary before the determination of the Global Allocation Rate, the Global Allocation Rate will be deemed to equal 100% on the date the relevant event occurs.

• The Highest Allocation Rate means the greatest allocation rate of any HCE Participant and is equal to the Participant's total Employer Contribution or Nonelective Contribution allocation (including any QNECs, Safe Harbor Nonelective Contributions and forfeitures allocated as a Nonelective Contribution divided by his/her Compensation, as described in this Section 4.07(E)).

• Such HDII Special Allocation Rate may be fixed or established by formula.

More Definitions of Allocation Rate

Allocation Rate means the proportion of the investment that is invested. Any deduction is typically to cover set up costs. Where the allocation rate is more than 100%, this is typically to reduce the effect of other charges or costs.

Allocation Rate means the percentage (rounded to the nearest hundredth of a percentage point) determined by dividing an employee’s Nonelective Employer Contribution for the Plan Year by the employee’s Testing Compensation for the same Plan Year and by adjusting for permitted disparity as determined pursuant to Treasury Regulation Section 1.401(a)(4)-7(b).

Allocation Rate means the following:

Allocation Rate means, for a Participant for a Plan Year, the sum of the allocations to the Participant’s Account for the Plan Year, expressed as a percentage of Code §414(s) Compensation, subject to the following rules:

Allocation Rate means the proportion of the contribution available for investment in the Account in accordance with Condition 5.

Allocation Rate means the percentage obtained by dividing (A) the total amount of Employer contributions or reallocated Forfeitures that are allocated on the Participant's behalf under all defined contribution plans of the Employer or an FX Employer that are aggregated for nondiscrimination testing under Code ss.401(a)(4) (not including any Matching Contributions if such plan or plans includes Elective Deferrals), by (B) the Participant's Compensation.

Allocation Rate means the Eligible Employee’s “Allocation Rate” under the Basic Plan, except that for periods ending on or before December 31, 2019, the Allocation Rate of each Designated Employee is increased by the multiple set forth on Appendix B.