AVERAGE DEFERRAL PERCENTAGE LIMITATION Sample Clauses

AVERAGE DEFERRAL PERCENTAGE LIMITATION. (Same) [(2) the average rate of 401(Jd Contributions as a percentage of compensation for all other participating Eligible Empmees multiplied by 2 but only if the average rate of 40100 Contributions for the participating Eligible ffigbly Compensated Employees does not exceed by more than 2 percentage points the average rate of 40100 Contributions for all other participating Eligible Employees, or such lesser amount as the Secretary of the Treasury may prescribe in order to prevent the multiple use of this alternative limitation with respect to any ffigbly Compensated participant.] .1il the average rate at 401(k) Contributions as a percentage of compensation lor all other panicipating Eligible Emplmees multiplied b.y 2,' or .1iil the average rate at 401(k) Contributions as a percentage of compensation IQr all other xxxxxx..l}4ling Eligible Emplayees plUS 2 percentage pQints. Qrsuch lesser amQunt as the Secretary oj the Treasury may prescribe in Qrder tQprevent the multiple use of this alternative limitatiQn with respect to any Highly Compensated panicipant. (Amended 111194) The average rate of 4Ql(k) Contributions for a Plan Year for a designated group of Eligilile Employees shall be the average of the ratios, calculated separately for each participating Eligible Employee in the group, of the amount of 40100 Contributions made by each EmplQyeefor the Plan Year, to the Employee's compensation for such Plan Year. As used in this subsection, compensation shall mean compensation paid by an Employer to the participant during the Plan Year which is required to be reported as wages on the participant's form W-2 and shall also include compensation which is not currently includable in the participant's gross income by reason of the application of ~ Sections 125 and 402[(a)(8)] klW Amended al1l94) BENEFIT AGREEMENT PART IV SAVINGS FUND PLAN [(2) the average rate of Nop-401(k) Contributions and Employer Contributions as a percentage of compensation for aU other participating Eligible Employees multiplied by 2, but only if the average rate of Nop-401(k) Contributions and Employer ContributioDs for the participating IDghly Compensated Eligible Employees does Dot exceed by more than 2 percentage points the average rate of Non-40Hk) Contributions and Emp1Qyer Contributions for aU other participating Eligible Employees, or such lesser amount as the Secretary of the Treasury may prescribe in order to prevent the multiple use of this alternative limitation with respect to any...
Sample 1
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AVERAGE DEFERRAL PERCENTAGE LIMITATION. A. Limitations: Notwithstanding anything herein to the contrary, the Average Deferral Percentage for all Eligible Participants who are Highly Compensated Employees must bear a relationship to the Average Deferral Percentage for all Eligible Participants who are Non-Highly Compensated Employees that meets one of the following tests:
Sample 1

Related to AVERAGE DEFERRAL PERCENTAGE LIMITATION

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Distribution Limitation Notwithstanding any other provision in this Article 5, the General Partner shall have the power, in its reasonable discretion, to adjust the distributions to the Special Limited Partner to the extent necessary to avoid violations of the “2%/25% Guidelines” as described in the Advisory Agreement.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Highly Compensated Employee The term Highly Compensated Employee includes highly compensated active employees and highly compensated former employees.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (2))

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