Common use of For Non Clause in Contracts

For Non. Key Employees also participating in the defined benefit plan, the top heavy minimum is: (CHOOSE (1) OR (2)) [ ] (1) 5% of Compensation (as determined under Section 3.04(B) or the Plan) irrespective of the contribution rate of any Key Employee, except: (CHOOSE (I) OR (II)) [ ] (i) No exceptions. [ ] (ii) Substituting "7 1/2%" for "5%" if the top heavy ratio does not exceed 90%. [ ] (2) 0%. [NOTE: THE EMPLOYER MAY NOT SELECT THIS OPTION (2) UNLESS THE DEFINED BENEFIT PLAN SATISFIES THE TOP HEAVY MINIMUM BENEFIT REQUIREMENTS OF CODE '416 FOR THESE NON-KEY EMPLOYEES.] ACTUARIAL ASSUMPTIONS FOR TOP HEAVY CALCULATION. To determine the top heavy ratio, the Advisory Committee will use the following interest rate and mortality assumptions to value accrued benefits under a defined benefit plan: ___________. If the elections under this Section 3.18 are not appropriate to satisfy the limitations of Section 3.18, or the top heavy requirements under Code '416, the Employer must provide the appropriate provisions in an addendum to this Adoption Agreement.

Appears in 1 contract

Samples: Dollar Thrifty Automotive Group Inc

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For Non. Key Employees also participating in the defined benefit plan, the top heavy minimum is: (CHOOSE (1) OR (2)) [ ] (1) 5% of Compensation (as determined under Section 3.04(B) or the Plan) irrespective of the contribution rate of any Key Employee, except: (CHOOSE (Ii) OR (IIii)) [ ] (i) No exceptions. [ ] (ii) Substituting "7 1/2%" for "5%" if the top heavy ratio does not exceed 90%. [ ] (2) 0%. [NOTE: THE EMPLOYER MAY NOT SELECT THIS OPTION (2) UNLESS THE DEFINED BENEFIT PLAN SATISFIES THE TOP HEAVY MINIMUM BENEFIT REQUIREMENTS OF CODE '416 SS.416 FOR THESE NON-KEY EMPLOYEES.] ACTUARIAL ASSUMPTIONS FOR TOP HEAVY CALCULATION. To determine the top heavy ratio, the Advisory Committee will use the following interest rate and mortality assumptions to value accrued benefits under a defined benefit plan: :____________. If the elections under this Section 3.18 are not appropriate to satisfy the limitations of Section 3.18, or the top heavy requirements under Code '416ss.416, the Employer must provide the appropriate provisions in an addendum to this Adoption Agreement.

Appears in 1 contract

Samples: Adoption Agreement (Recovery Engineering Inc)

For Non. Key Employees also participating in the defined benefit plan, the top heavy minimum is: (CHOOSE (1) OR (2)) [ ] (1) 5% of Compensation (as determined under Section 3.04(B) or the Plan) irrespective of the contribution rate of any Key Employee, except: (CHOOSE (I) OR (II)) [ ] (i) No exceptions. [ ] (ii) Substituting "7 1/2%" for "5%" if the top heavy ratio does not exceed 90%. [ ] (2) 0%. [NOTE: THE EMPLOYER MAY NOT SELECT THIS OPTION (2) UNLESS THE DEFINED BENEFIT PLAN SATISFIES THE TOP HEAVY MINIMUM BENEFIT REQUIREMENTS OF CODE '416 CODESS.416 FOR THESE NON-KEY EMPLOYEES.] ACTUARIAL ASSUMPTIONS FOR TOP HEAVY CALCULATION. To determine the top heavy ratio, the Advisory Committee will use the following interest rate and mortality assumptions to value accrued benefits under a defined benefit plan: ___________-----------------------------------------------------. If the elections under this Section 3.18 are not appropriate to satisfy the limitations of Section 3.18, or the top heavy requirements under Code '416ss.416, the Employer must provide the appropriate provisions in an addendum to this Adoption Agreement.

Appears in 1 contract

Samples: Adoption Agreement (American Community Bancshares Inc)

For Non. Key Employees also participating in the defined benefit plan, the top heavy minimum is: (CHOOSE (1) OR (2)) [ ] (1) 5% of Compensation (as determined under Section 3.04(B) or the Plan) irrespective of the contribution rate of any Key Employee, except: (CHOOSE (I) OR (II)) [ ] (i) No exceptions. [ ] (ii) Substituting "7 1/2%" for "5%" if the top heavy ratio does not exceed 90%. [ ] (2) 0%. [NOTE: THE EMPLOYER MAY NOT SELECT THIS OPTION (2) UNLESS THE DEFINED BENEFIT PLAN SATISFIES THE TOP HEAVY MINIMUM BENEFIT REQUIREMENTS OF CODE '416 SS.416 FOR THESE NON-KEY EMPLOYEES.] ACTUARIAL ASSUMPTIONS FOR TOP HEAVY CALCULATION. To determine the top heavy ratio, the Advisory Committee will use the following interest rate and mortality assumptions to value accrued benefits under a defined benefit plan: ___________Pre-retirement and Post-retirement interest: 5% Pre-retirement and -------------------------------------------------------------------------------- Post-retirement Mortality: UP84. --------------------------------- If the elections under this Section 3.18 are not appropriate to satisfy the limitations of Section 3.18, or the top heavy requirements under Code '416ss.416, the Employer must provide the appropriate provisions in an addendum to this Adoption Agreement.

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Indian Village Bancorp Inc)

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For Non. Key Employees also participating in the defined benefit plan, the top heavy minimum is: (CHOOSE (1) OR (2)) [ ] (1) 5% of Compensation (as determined under Section 3.04(B) or the Plan) irrespective of the contribution rate of any Key Employee, except: (CHOOSE (I) OR (II)) [ ] (i) No exceptions. [ ] (ii) Substituting "7 1/2%% " for "5%% " if the top heavy ratio does not exceed 90%. [ ] (2) 0%. [NOTE: THE EMPLOYER MAY NOT SELECT THIS OPTION (2) UNLESS THE DEFINED BENEFIT PLAN SATISFIES THE TOP HEAVY MINIMUM BENEFIT REQUIREMENTS OF CODE '416 SS.416 FOR THESE NON-KEY EMPLOYEES.] ACTUARIAL ASSUMPTIONS FOR TOP HEAVY CALCULATION. To determine the top heavy ratio, the Advisory Committee will use the following interest rate and mortality assumptions to value accrued benefits under a defined benefit plan: ___________The 1971 Group Annuity Mortality Tables, 8%. If the elections under this Section 3.18 are not appropriate to satisfy the limitations of Section 3.18, or the top heavy requirements under Code '416ss.416, the Employer must provide the appropriate provisions in an addendum to this Adoption Agreement.

Appears in 1 contract

Samples: World Acceptance Corp

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