Common use of Excess Aggregate Contribution Clause in Contracts

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Compensated Employees.

Appears in 11 contracts

Samples: Adoption Agreement (Lawter International Inc), Adoption Agreement (Dep Corp), Adoption Agreement (Infousa Inc)

AutoNDA by SimpleDocs

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either both the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Nonnon-highly Highly Compensated Employees.

Appears in 6 contracts

Samples: Non Standardized Adoption Agreement (Princeton Review Inc), Adoption Agreement (Shared Technologies Cellular Inc), Berkshire Hills Bancorp Inc

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP teststests and are deemed to be the maximum permitted under such tests for the Plan Year. Multiple use of the aggregate limit does not occur if either the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Highly Compensated Employees.

Appears in 2 contracts

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Thomasville Bancshares Inc

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and or ACP of the Non-highly Nonhighly Compensated Employees.

Appears in 1 contract

Samples: Greater Bay Bancorp

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP teststests and are deemed to be the maximum permitted under such tests for the Plan Year. Multiple use does The Aggregate Limit will not occur apply if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP ACP, respectively, of the Non-highly Participants who are not Highly Compensated Employees.

Appears in 1 contract

Samples: Plan Document and Trust Agreement (Stonepath Group Inc)

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Non- Highly Compensated Employees.

Appears in 1 contract

Samples: Hastings Entertainment Inc

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections correction required to meet the ADP and ACP tests. Multiple use does not occur if either both the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Highly Compensated Employees.

Appears in 1 contract

Samples: Rushmore Fund Inc

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does , The Aggregate Limit will not occur apply if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Participants who are not Highly Compensated Employees.

Appears in 1 contract

Samples: Kevco Inc

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either both the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Compensated Employees.

Appears in 1 contract

Samples: PCB Holding Co

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either both the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Nonhighly Compensated Employees.

Appears in 1 contract

Samples: Trimedyne Inc

AutoNDA by SimpleDocs

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either both the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly non Highly Compensated Employees.

Appears in 1 contract

Samples: First Keystone Corp

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Compensated Employees.

Appears in 1 contract

Samples: Priority Healthcare Corp

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does This Section 4.3(e) shall not occur apply if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Highly Compensated Employees.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Biomune Systems Inc)

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either the ADP or ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Highly Compensated Employees.

Appears in 1 contract

Samples: Hastings Entertainment Inc

Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests. Multiple use does not occur if either both the ADP or and ACP of the Highly Compensated Employees does not exceed 1.25 multiplied by the ADP and ACP of the Non-highly Highly Compensated Employees.

Appears in 1 contract

Samples: Standarized Adoption Agreement (Oregon Trail Financial Corp)

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