Two-Step Integrated Allocation Formula Clause Samples

The Two-Step Integrated Allocation Formula is a contractual mechanism used to determine how resources, costs, or benefits are distributed among parties in a structured, sequential manner. Typically, the formula first allocates amounts based on a primary criterion, such as proportional ownership or initial investment, and then applies a secondary adjustment, like performance metrics or specific thresholds, to refine the distribution. This approach ensures a fair and transparent allocation process, addressing potential disputes by providing a clear, step-by-step method for dividing shared interests or obligations.
Two-Step Integrated Allocation Formula. (1) For each Participant eligible to share in the allocation for a Plan Year, contributions to Profit Sharing Contributions Accounts with respect to a Plan Year, plus any forfeitures, if forfeitures are reallocated to Participants, shall be allocated to the Profit Sharing Contributions Account of each eligible Participant as follows:
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Two-Step Integrated Allocation Formula. (1) For each Participant eligible to share in the allocation for a Plan Year, contributions to Profit Sharing Contributions Accounts with respect to a Plan Year, plus any forfeitures, if forfeitures are reallocated to Participants, shall be allocated to the Profit Sharing Contributions Account of each eligible Participant as follows: (a) First, in the ratio that the sum of each eligible Participant’s Plan Compensation for the Plan Year and Plan Compensation for the Plan Year in excess of the Integration Level (as defined in the Adoption Agreement) bears to the sum of all such Participants’ Plan Compensation and Plan Compensation in excess of the Integration Level, but for each eligible Participant, not in excess of the Maximum Profit Sharing Disparity Rate (defined below). (b) Second, any remaining contributions or forfeitures will be allocated in the ratio that each Participant’s Plan Compensation for that Plan Year bears to all Participants’ Plan Compensation for that Plan Year. (c) If this Plan is Top-Heavy, each eligible Participant employed on the last day of the Plan Year will be allocated a Top-Heavy minimum contribution up to 3% of 415 Limitation Compensation in accordance with Section 4.4.3 of the Base Plan Document.
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Related to Two-Step Integrated Allocation Formula

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