ALLOCATION OF EMPLOYER CONTRIBUTIONS. (a) In General - As of each Annual Valuation Date, and after the allocations provided in Section 4.2 above, the current contribution of the Employer shall be allocated to the Employer Contribution Accounts of (i) all Participants who are active Employees on the last day of such Plan Year and who have a Year of Service for such year, and (ii) all retirees and disabled Participants who have not elected pursuant to Sections 5.1, 5.2 or 5.3 to have their Account Balances determined as of the Annual Valuation Date next preceding their dates of retirement, in the same proportion as the Annual Compensation of each such Participant or former Participant bears to the aggregate Annual Compensation of all such Participants during such year. For Plan Years beginning on or after January 1, 1993 (but before January 1, 1997), as of each Annual Valuation Date, and after the allocations provided in Section 4.2 above, the current contribution of the Employer shall be allocated to the Employer Contribution Accounts of (i) all Participants who are active Employees on the last day of such Plan Year, and (ii) all Participants who retired or become totally and permanently disabled (as defined in Section 5.2) during the Plan Year, and who have not elected pursuant to Sections 5.1, 5.2 or 5.3 to have their Account Balances determined as of the Annual Valuation Date next preceding their dates of retirement, in the same proportion as the Annual Compensation of each such Participant or former Participant bears to the aggregate Annual Compensation of all such Participants during such year, without regard to the number of Hours of Service credited to such Participant or former Participant for such Plan Year. For Plan Years ending on and after August 5, 1993, an Employee on FMLA Leave on the last day of the Plan Year who returns to work following such FMLA Leave shall be deemed to have been an active Employee on the last day of such Plan Year.
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Sources: Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp), Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp)