Common use of Highest Average Compensation Clause in Contracts

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 6 contracts

Sources: Defined Contribution Plan (1st Constitution Bancorp), Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (ASB Bancorp Inc)

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the The average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) -consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 5 contracts

Sources: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Professionals Insurance Co Management Group), Adoption Agreement (Shared Technologies Cellular Inc)

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.1221.117.

Appears in 4 contracts

Sources: 401(k) Defined Contribution Plan (Measurement Specialties Inc), Defined Contribution Plan (United Community Bancorp), Defined Contribution Plan (Century Bancorp Inc)

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.1221.111.

Appears in 2 contracts

Sources: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc)

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the The average Compensation compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) -consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 1 contract

Sources: Defined Contribution Plan and Trust (First Keystone Corp)