Excess Allocation definition
Excess Allocation means an Excess Amount for which the Code or regulations do not provide any corrective mechanism. Excess Allocations include Excess Amounts as defined in section 5.01(3)(a) (i), (ii), (v), and (vi) (except with respect to § 401(m) or § 411(a)(3)(G) violations). Excess Allocations must be corrected in accordance with section 6.06(2).
Excess Allocation means (i) with respect to any Eligible Equity Investment, the amount (if any) by which the Portfolio Weighting of such Eligible Equity Investment exceeds the Equity Weighting Limit and (ii) with respect to any Sector, one-half of the amount (if any) by which the Portfolio Weighting of such Sector exceeds the Sector Weighting Limit.
Excess Allocation means an allocation to a Participant’s Account pursuant to Section 3(c) in lieu of a contribution under the Money Purchase Plan.
Examples of Excess Allocation in a sentence
The term "Excess Allocation" means an Excess Amount for which the Code or regulations do not provide any corrective mechanism.
Under this method, the account balance of an employee who received an Excess Allocation is reduced by the Excess Allocation (adjusted for earnings).
If the Excess Allocation would have been allocated to other employees in the year of the failure had the failure not occurred, then that amount (adjusted for earnings) is reallocated to those employees in accordance with the plan's allocation formula.
In general, an Excess Allocation, as defined in section 5.01(3)(a) of this revenue procedure, is corrected in accordance with the Reduction of Account Balance Correction Method set forth in this paragraph.
More Definitions of Excess Allocation
Excess Allocation is defined in Section 5.1.4.
Excess Allocation. As defined in Section 3.1.4(c).
Excess Allocation is defined in Section 9.1.2.
Excess Allocation means, with respect to any Facility purchased in accordance with Section 31.4.3(c), the excess, if any, of (x) the Pre-Adjusted Allocated Minimum Rent for such Facility immediately prior to the date of the closing of Escrow for such purchase over (y) the amount of the Facility Purchase Rent Reduction in respect of such purchase. Portions of this exhibit that have been marked by [***] have been omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission.
Excess Allocation means, with respect to any Removed Facility, the excess, if any, of (x) the Pre-Adjusted Allocated Minimum Rent for such Facility immediately prior to the Removal Date applicable to such Facility over (y) the amount of the Facility Purchase Rent Reduction in respect of such Facility.
Excess Allocation means the number of allowances allocated to an operator in excess of the number of allowances to which it was entitled as a consequence of a partial or complete cessation of nitric acid production; and
Excess Allocation means the excess of (i) the value of shares to be allocated to employees as required under the terms of the Plan during any given period over (ii) the amount which may be allocated pursuant to scheduled payments of principal and interest on the Notes.