Common use of METHOD OF ALLOCATION - NONELECTIVE CONTRIBUTION Clause in Contracts

METHOD OF ALLOCATION - NONELECTIVE CONTRIBUTION. Subject to any restoration allocation required under Section 5.04, the Advisory Committee will allocate and credit the annual nonelective contributions (and Participant forfeitures treated as nonelective contributions) to the Employer Contributions Account of each Participant who satisfies the conditions of Section 3.06, in accordance with the method selected under this Part II. (CHOOSE AN ALLOCATION METHOD UNDER (E), (F), (G) OR (H); (I) IS MANDATORY IF THE EMPLOYER ELECTS (F), (G) OR (H))

Appears in 1 contract

Sources: Adoption Agreement (Ats Money Systems Inc)

METHOD OF ALLOCATION - NONELECTIVE CONTRIBUTION. Subject to any restoration allocation required under Section 5.04, the Advisory Committee will allocate and credit the annual nonelective contributions (and Participant forfeitures treated as nonelective contributions) to the Employer Contributions Account of each Participant who satisfies the conditions of Section 3.06, in accordance with the method selected under this Part II. (CHOOSE AN ALLOCATION METHOD UNDER (Ee), (Ff), (Gg) OR (Hh); (Ii) IS MANDATORY IF THE EMPLOYER ELECTS (Ff), (Gg) OR (Hh))

Appears in 1 contract

Sources: Adoption Agreement (Billing Concepts Corp)