Common use of Limitation on Deferral Percentage for Highly Compensated Employees Clause in Contracts

Limitation on Deferral Percentage for Highly Compensated Employees. Notwithstanding any provision herein to the contrary, the actual deferral percentage for all Highly Compensated Employees for each Plan Year must not exceed the actual deferral percentage for all other Employees eligible to participate by more than the greater of:

Appears in 3 contracts

Samples: Adoption Agreement (Jones Medical Industries Inc /De/), Southbanc Shares Inc, Capstone Pharmacy Services Inc

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Limitation on Deferral Percentage for Highly Compensated Employees. Notwithstanding any provision herein to the contrary, the actual deferral percentage Actual Deferral Percentage for all Highly Compensated Employees for each the current Plan Year must not exceed the actual deferral percentage Actual Deferral Percentage, for the preceding Plan Year, for all other Non-highly Compensated Employees eligible to participate by more than the greater of:

Appears in 1 contract

Samples: Southwest Community Bancorp

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