Document correction

[Cynchbeast]

Plan is new comp, 3 classes.  Adopt Agreement allows allocation for each class to be:

i.  A percentage of Compensation

ii.  A fixed dollar amount

iii.  the greater of i. or ii.

 Plan design was always intended to be % or $ and plan has always operated with this type of allocation.  When preparing PPA restatement effective 02/01/15, we mistakenly checked box i. instead of box iii.

This error was missed when doing valuation for PYE 01/31/16 but caught now.  Please comment on proposed action of simply documenting error and correcting that page of Adoption Agreement.

[Belgarath]

So were the allocations actually affected? What is the "fixed dollar" amount for each group, and does whatever percentage that was used produce a lower or higher result? My initial inclination is that if the results are actually different, then VCP is indicated. If not, I could perhaps be persuaded otherwise.

[ESOP Guy]

Isn't this the same question in a different thread?