Permissive Aggregation Group Sample Clauses
A Permissive Aggregation Group clause defines the terms under which multiple transactions, contracts, or exposures can be combined and treated as a single group for certain legal or financial purposes. In practice, this clause allows parties to aggregate various obligations or positions, such as in the context of netting agreements or risk calculations, even if the underlying agreements are not strictly identical or are governed by different documents. The core function of this clause is to provide flexibility in managing and offsetting obligations, thereby simplifying administration and potentially reducing overall risk exposure between the parties.
Permissive Aggregation Group. The Required Aggregation Group of plans plus any other plan or plans of the Employer which, when considered as a group with the Required Aggregation Group, would continue to satisfy the requirements of Code Sections 401(a)(4) and 410.
Permissive Aggregation Group. Permissive Aggregation Group means the Required Aggregation Group plus any other qualified plans maintained by the Employer, but only if such group would satisfy in the aggregate the nondiscrimination requirements of Code §401(a)(4) and the coverage requirements of Code §410. The Plan Administrator will determine the Permissive Aggregation Group.
Permissive Aggregation Group. Used for Top-Heavy testing purposes, it is the Required Aggregation Group of plans plus any other plan or plans of the Employer which, when considered as a group with the Required Aggregation Group, would continue to satisfy the requirements of Code Sections 401(a)(4) and 410.
Permissive Aggregation Group. The Company may also include any other Plan not required to be included in the required aggregation group, provided the resulting group, taken as whole, would continue to satisfy the provisions of Internal Revenue Code Sections 401(a) or 410. Such group shall be known as a permissive aggregation group. In the case of a permissive aggregation group, only a Plan that is part of the required aggregation group will be considered a Top Heavy Plan if the permissive aggregation group is a Top Heavy group. No Plan in the permissive aggregation group will be considered a Top Heavy Plan if the permissive aggregation group is not a Top Heavy Plan group.
Permissive Aggregation Group. The Required Aggregation Group of plans plus any other plan or plans of the Employer that, when considered as a group with the Required Aggregation Group, would continue to satisfy the requirements of Code sections 401(a)(4) and 410.
Permissive Aggregation Group. The group of qualified plans of an Employer consisting of:
(a) the plans in the Required Aggregation Group; plus
(b) one (1) or more plans designated from time to time by the Administrative Committee that are not part of the Required Aggregation Group but that satisfy the requirements of sections 401(a)(4) and 410 of the Code when considered with the Required Aggregation Group.
Permissive Aggregation Group. 15 1.61 Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 1.
Permissive Aggregation Group. The term Permissive Aggregation Group means a Required Aggregation Group plus any Employer plan(s) which when considered as a group with the Required Aggregation Group would continue to satisfy Code §401(a)(4) and §410.
Permissive Aggregation Group. One or more plans maintained by the Company and the Controlled Group members which are not required to be aggregated may be aggregated with each other or with plans under Subsection (b)(1)(A) if such group would continue to meet the requirements of Code Sections 401(a)(4) and 410 with such plan(s) being taken into account.
Permissive Aggregation Group. 33(B)(5) (1.10) Plan . . . . . . . . . . . . . . . . . . . . . . . . . . 1.03 (1.01) Plan Administrator . . . . . . . . . . . . . . . . . . . 1.05 (1.01) Plan Entry Date . . . . . . . . . . . . . . . . . . . . . 1.19 (1.05) Plan Year . . . . . . . . . . . . . . . . . . . . . . . . 1.17 (1.05) Policy . . . . . . . . . . . . . . . . . . . . . . . 11.03(a) (11.02) Predecessor Employer . . . . . . . . . . . . . . . . . . 1.29 (1.07) Preretirement Survivor Annuity . . . . . . . . . . . 6.04 (B) (6.06)