Common use of PROFIT-SHARING CONTRIBUTIONS AND ACCOUNT ALLOCATION Clause in Contracts

PROFIT-SHARING CONTRIBUTIONS AND ACCOUNT ALLOCATION. A. PROFIT-SHARING CONTRIBUTIONS If selected below, the following contributions for each Plan Year will be made: Contributions to Employer Contributions Accounts (select one): [X] (a) Such an amount, if any, as determined by the Employer. [ ] (b) _____% of each Participant's Compensation. B. ALLOCATION OF CONTRIBUTIONS TO EMPLOYER CONTRIBUTIONS ACCOUNTS (select one): (1) Non-Integrated Allocation The Employer Contributions Account of each Participant eligible to share in the allocation for a Plan Year shall be credited with a portion of the contribution, plus any forfeitures if forfeitures are reallocated to Participants, equal to the ratio that the Participant's Compensation for the Plan Year bears to the Compensation for that Plan Year of all Participants entitled to share in the contribution.

PROFIT-SHARING CONTRIBUTIONS AND ACCOUNT ALLOCATION. A. PROFIT-SHARING CONTRIBUTIONS If selected below, the following contributions for each Plan Year will be made: Contributions to Employer Contributions Accounts (select one): [X] ): (a) Such an amount, if any, as determined by the Employer. [ ] (b) _______% of each Participant's Compensation. B. ALLOCATION OF CONTRIBUTIONS TO EMPLOYER CONTRIBUTIONS ACCOUNTS (select one): (1) Non-Integrated Allocation The Employer Contributions Account of each Participant eligible to share in the allocation for a Plan Year shall be credited with a portion of the contribution, plus any forfeitures if forfeitures are reallocated to Participants, equal to the ratio that the Participant's Compensation for the Plan Year bears to the Compensation for that Plan Year of all Participants entitled to share in the contribution.