FAMILY AGGREGATION. For purposes of determining the Contribution Percentage of a Participant who is a five-percent owner or one of the ten most highly-paid Highly Compensated Employees, the Contribution Percentage Amounts and Compensation of such Employee shall include the Contribution Percentage Amounts and Compensation for the Plan Year of Family Members, as defined in Section 414(q)(6) of the Code. Family Members, with respect to Highly Compensated Employees, shall be disregarded as separate employees in determining the Contribution Percentage both for Participants who are Non-highly Compensated Employees and for Participants who are Highly Compensated Employees.
Appears in 2 contracts
Sources: 401(k) Profit Sharing Plan Adoption Agreement (Priority Healthcare Corp), Adoption Agreement (Abbott Laboratories)
FAMILY AGGREGATION. For purposes of determining the "Contribution Percentage Percentage" of a Participant who is a five-percent owner or one of the ten most highly-paid Highly Compensated Employees, the "Contribution Percentage Amounts Amounts" and Compensation "Applicable Compensation" of such Employee Participant shall include the "Contribution Percentage Amounts Amounts" and Compensation "Applicable Compensation" for the Plan Year of Family Members, as defined in Section 414(q)(6) of the Code. Family Members, with respect to Highly Compensated Employees, shall be disregarded as separate employees Employees in determining the Contribution Percentage ACP both for Participants who are Non-highly Highly Compensated Employees and for Participants who are Highly Compensated Employees.
Appears in 1 contract
Sources: Defined Contribution Plan and Trust Agreement (Trust for Federal Securities)