Examples of Profit Sharing Contribution in a sentence
Your share of the profit sharing contribution is determined by the following fraction: Profit Sharing Contribution X Your Compensation Total Compensation of All Participants Eligible toShare For example: Suppose the profit sharing contribution for the Plan Year is $20,000.
As of the last day of each Plan Year, the Profit Sharing Contribution (and any amounts reapplied under Section 6.1(d)) for the Plan Year shall be allocated as indicated by the Employer in the Plan Agreement.
A partially-vested Member is a Member whose Vested Interest, determined under Section 6.07(a), in either his Company Matching Contribution Account or his Company Profit Sharing Contribution Account, or both, is less than 100%.
In no event, however, shall the amount credited under this Plan with respect to a Plan Year exceed the amount by which the Participant’s Profit Sharing Contribution under the MoneyGram International, Inc.
A Member shall have a fully vested interest at all times (i) in his Member Accounts and (ii) in his Company Profit Sharing Contribution Account balance determined as of July 31, 1997.