Common use of Highest Average Compensation Clause in Contracts

Highest Average Compensation. The average compensation for the three consecutive years of service with the employer that produces the highest average.

Appears in 6 contracts

Sources: Adoption Agreement (Northeast Community Bancorp Inc), Adoption Agreement (Newport Bancorp Inc), Adoption Agreement (Ottawa Savings Bancorp, Inc.)

Highest Average Compensation. The average compensation Total Compensation for the three consecutive years of service with the employer Employer that produces the highest average.

Appears in 3 contracts

Sources: Defined Contribution Plan and Trust (National Penn Bancshares Inc), Defined Contribution Prototype Plan and Trust Agreement (Mercantile Bancorp, Inc.), Profit Sharing/401(k) Prototype Plan and Trust (Capital Corp of the West)

Highest Average Compensation. The average compensation Compensation for the three consecutive years Years of service Service with the employer that Employer which produces the highest average.

Appears in 3 contracts

Sources: Defined Contribution Retirement Plan Adoption Agreement (Fiduciary Capital Growth Fund Inc), Defined Contribution Retirement Plan Adoption Agreement (Fmi Funds Inc), Prototype Defined Contribution Retirement Plan (Monetta Fund Inc)