Common use of ALLOCATION OF EMPLOYER CONTRIBUTIONS Clause in Contracts

ALLOCATION OF EMPLOYER CONTRIBUTIONS. A. A former Participant who has retired, died, otherwise terminated Service, or transferred to an ineligible class of Employees during the Plan Year shall share in the allocation of Employer Contributions for the Plan Year |_| or, if this box is checked, shall not share in the allocation of Employer Contributions. B. Participants will share in the allocation of Employer Contributions for a Plan Year regardless of the number of Hours of Service completed in such Plan Year |_| or, if this box is checked, in a Plan Year in which the Plan is not Top-Heavy, only if they complete during such Plan Year the number of Hours of Service specified in Section I.B. C. Any minimum Top-Heavy allocations of the Plan will be made first by this Plan |_| or, if this box is checked, by the ____________ Plan (insert name of another qualified plan maintained by the Employer). D. In any Year in which the Plan is Top-Heavy, the minimum Top-Heavy Allocation shall be at the rate of 3% |_| or, if this box is checked, at the rate of 4%.

Appears in 3 contracts

Sources: Scudder Flexi Plan Agreement (Scudder Portfolio Trust/), Scudder Flexi Plan Agreement (Scudder Equity Trust), Scudder Flexi Plan Agreement (Scudder Investment Trust)

ALLOCATION OF EMPLOYER CONTRIBUTIONS. A. A former Participant who has retired, died, otherwise terminated Service, or transferred to an ineligible class of Employees during the Plan Year shall share in the allocation of Employer Contributions for the Plan Year |_| or, if this box is checked, shall not share in the allocation of Employer Contributions. B. Participants will share in the allocation of Employer Contributions for a Plan Year regardless of the number of Hours of Service completed in such Plan Year |_| or, if this box is checked, in a Plan Year in which the Plan is not Top-Heavy, only if they complete during such Plan Year the number of Hours of Service specified in Section I.B. C. Any minimum Top-Heavy allocations of the Plan will be made first by this Plan Plan, unless the Employer has adopted the ▇▇▇▇▇▇▇ Profit Sharing Plan, in which case, the minimum Top-Heavy allocation will be made first from that plan |_| or, if this box is checked, by the ____________ _______Plan (insert name of another qualified plan maintained by the Employer). D. In any Year in which the Plan is Top-Heavy, the minimum Top-Heavy Allocation shall be at the rate of 3% |_| or, if this box is checked, at the rate of 4%.

Appears in 3 contracts

Sources: Scudder Flexi Plan Agreement (Scudder Portfolio Trust/), Scudder Flexi Plan Agreement (Scudder Equity Trust), Scudder Flexi Plan Agreement (Scudder Investment Trust)