Common use of ACP test Clause in Contracts

ACP test. The Average Contribution Percentage for Eligible Participants who are Highly Compensated Employees for the Plan Year and the Average Contributions Percentage for Eligible Participants who are Nonhighly Compensated Employees for the same Plan Year must satisfy one of the following tests:

Appears in 8 contracts

Samples: Adoption Agreement (Innerdyne Inc), Merrill Lynch (Media 100 Inc), Adoption Agreement (Labor Ready Inc)

AutoNDA by SimpleDocs

ACP test. The Average Contribution Percentage for Eligible Participants who are Highly Compensated Employees for the Plan Year and the Average Contributions Percentage for Eligible Participants who are Nonhighly Compensated Employees Employee for the same Plan Year must satisfy one of the following tests:

Appears in 1 contract

Samples: Adoption Agreement (Gadzooks Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.