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Curative Allocations
Curative Allocations contract clause examples

Section # – Limitations on Allocations Under Code Section 41528

Section # Income Tax Allocations with Respect to Depletable Properties.

5.3Valuation of Trust Fund and Participant Accounts; Dividend Allocations.

Stock is then traded. For allocations of Company Stock made after December 31, 2002 and before January 1, 2007, one-half of such shares of Company Stock were allocated to the Participant’s “Restricted Profit Sharing Account” and one-half of such shares of Company Stock were allocated to the Participant’s “Unrestricted Profit Sharing Account,” as provided in the Plan at the time of such allocations. Allocations of Company Stock made on or after January 1, 2007 were allocated to the Participant’s “Unrestricted Profit Sharing Account,” as provided in the Plan at the time of such allocations. Each such allocation shall be processed as soon as reasonably practicable after the end of each Plan Year.

Regulatory Allocations” has the meaning set forth in [Section 4.3(e)].

“Required Allocations” has the meaning given such term in Section 7.03(j).

SECTION # Payments Generally; Allocations of Proceeds; Pro Rata Treatment; Sharing of Set-offs.

The allocations required by this [Section 4.6] shall be processed as soon as reasonably practicable after the end of each Plan Year. No allocations have been processed under this [Section 4.6] since December 31, 2008, for the Company Matching Account and since December 31, 2007, for the Company Profit Sharing Account.

He shall continue to participate in income allocations of the earnings and/or losses of the Trust Fund pursuant to Section 5.3;

Section # Deferral Election. For Plan Years prior to 2011, a Member may elect before the beginning of the applicable Plan Year to defer distribution of his Allocation for such Plan Year, resulting in a Deferred Allocation. For the 2010 Plan Year the election is limited to the portion of the Allocation attributable to the Company Matching Contribution. Such election shall be made on a form provided by, and delivered to, the Committee prior to the first day of the Plan Year. Amounts deferred hereunder shall be credited to the Member’s Account. A Member’s Allocations for any applicable period beginning after 2010, and the 2010 Allocations not attributable to Company Matching Allocations, shall automatically be credited to the Member’s Account.

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