Common use of Highly Compensated Employee Clause in Contracts

Highly Compensated Employee. An individual described in Code Section 414(q) who, during the current or preceding Plan Year: (a) Was a 5% owner as defined in Code Section 416(i)(1)(B)(i); (b) Received Compensation in excess of $50,000, as adjusted pursuant to Code Section 415(d), and was in the top-paid group (the top 20% of Employees ranked by Compensation); (c) Received Compensation in excess of $75,000, as adjusted pursuant to Code Section 415(d); or (d) Was an officer as defined in Code Section 416(i)(1)(A) and received Compensation in excess of 50% of the dollar limit on annual benefits payable under Code Section 415 for defined benefit plans. 1.13 INDIVIDUAL RETIREMENT ACCOUNT AIM Distributors, Inc. Individual Retirement Account which meets the requirements of Code Section 408(a) established in conjunction with the Employer's Plan (IRA), xs the recipient of the Employer's contributions for the benefit of a participating Employee. 1.14

Highly Compensated Employee. An individual described in Code Section 414(q) who, during the current or preceding Plan Year: (a) Was a 5% owner as defined in Code Section 416(i)(1)(B)(i); (b) Received Compensation in excess of $50,000, as adjusted pursuant to Code Section 415(d), and was in the top-paid group (the top 20% of Employees ranked by Compensation); (c) Received Compensation in excess of $75,000, as adjusted pursuant to Code Section 415(d); or (d) Was an officer as defined in Code Section 416(i)(1)(A) and received Compensation in excess of 50% of the dollar limit on annual benefits payable under Code Section 415 for defined benefit plans. 1.13 INDIVIDUAL RETIREMENT ACCOUNT AIM Distributors, Inc. Individual Retirement Account which meets the requirements of Code Section 408(a) established in conjunction with the Employer's Plan (IRA), xs as the recipient of the Employer's contributions for the benefit benxxxt of a participating Employee. 1.14