Plan Year Clause Samples
The Plan Year clause defines the specific 12-month period during which a plan, such as an employee benefit or retirement plan, operates for administrative and reporting purposes. Typically, this period may align with the calendar year or a fiscal year, and it determines when eligibility, contributions, and benefits are calculated and applied. By clearly establishing the Plan Year, this clause ensures consistency in plan administration and compliance with regulatory requirements, helping both employers and participants understand key timelines and obligations.
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Plan Year. The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.
Plan Year. The twelve (12) month period starting on January 1 and ending on December 31.
Plan Year. Any reference to “
Plan Year. The term “Plan Year” shall mean the Employer’s calendar year.
Plan Year. The term “Plan Year” shall mean the Bank’s fiscal year.
Plan Year. The 12-consecutive month period specified by the Employer in the Adoption Agreement.
Plan Year. The “Plan Year” shall mean the calendar year.
Plan Year. You must define the "plan year," usually it will follow the business tax year. Limitation Year - You must define the "limitation year" (12 month period for testing allocations to each employee's account), for administrative convenience it should match the plan year.
Plan Year. The “Plan Year” of the Plan shall be [select one]: x the calendar year. ¨ the fiscal year or other 12- month period ending on the last day of [specify month]. ¨ a short Plan year beginning on , and ending on , ; and thereafter the Plan year shall be as indicated in (a) or (b) above.
Plan Year. The Plan Year shall end each year on the last day of the month of December.