TOP HEAVY MINIMUM ALLOCATION Sample Clauses

TOP HEAVY MINIMUM ALLOCATION. The Plan must comply with the provisions of this Section 3.04(B), subject to the elections in the Employer's Adoption Agreement.
TOP HEAVY MINIMUM ALLOCATION. The Top-Heavy Minimum Allocation requirement applies to the Plan only in a Plan Year for which the Plan is top-heavy.
TOP HEAVY MINIMUM ALLOCATION. The Plan Administrator will determine the amount of any required Top-Heavy Minimum Allocation under Section 10.06(L) separately for that separate plan; and
TOP HEAVY MINIMUM ALLOCATION. Top-Heavy Minimum Allocation means an allocation equal to the lesser of 3% of the Non-Key Employee’s Compensation for the Plan Year or the highest contribution rate for the Plan Year made on behalf of any Key Employee multiplied by the Non-Key Employee’s Plan Year Compensation. For purposes of satisfying the Employer’s Top-Heavy Minimum Allocation requirement, the Plan Administrator disregards the Elective Deferrals allocated to a Non-Key Employee’s Account in determining the Non-Key Employee’s allocation rate. To determine a Non-Key Employee’s allocation rate, the Plan Administrator must treat all qualified top-heavy Defined Contribution Plans maintained by the Employer (or by any Related Employer) as a single plan. If a Defined Benefit Plan maintained by the Employer which benefits a Key Employee depends on this Plan to satisfy the nondiscrimination rules of Code §401(a)(4) or the coverage rules of Code §410 (or another plan benefiting the Key Employee so depends on such Defined Benefit Plan), the top-heavy minimum allocation is 3% of the Non-Key Employee’s Compensation regardless of the contribution rate for the Key Employees. Defined Contribution Prototype Plan
TOP HEAVY MINIMUM ALLOCATION. Unless the Employer in an Addendum to its Adoption Agreement elects to satisfy any top-heavy minimum allocation requirement in another plan (not maintained under this basic plan document), the Employer in this Plan must satisfy the top-heavy requirements of Article XII.
TOP HEAVY MINIMUM ALLOCATION. In any Top Heavy Plan Year in which a Key Employee receives an allocation of Employer contributions (including Elective Deferrals and/or Qualified Matching Contributions) or Forfeitures, each Employee who is described in paragraph (a) below will receive the Top Heavy benefit required under the provisions of Code Section 416, such benefit to be determined in accordance with the following provisions:
TOP HEAVY MINIMUM ALLOCATION. The term Top Heavy Minimum Allocation means an amount of Employer contributions and Forfeitures equal to 3% of an Employee's Code Section 415 Compensation (or such higher or lesser percentage as may otherwise be indicated in Section 3.6).
TOP HEAVY MINIMUM ALLOCATION. The Plan must comply with ---------------------------- the provisions of this Section 18.04, subject to the elections in the Employer's Adoption Agreement Section 4.06. The top-heavy minimum allocation requirement applies only in Plan Years for which the Plan is top-heavy. Except as provided in the Employer's Adoption Agreement, if the Plan is top-heavy in any Plan Year:
TOP HEAVY MINIMUM ALLOCATION. The minimum allocation requirements for any Top-Heavy Plan Year shall be applied (select one):
TOP HEAVY MINIMUM ALLOCATION. The minimum allocation requirements for any Top-Heavy Plan Year will be applied only to Non-Key Employee Participants unless selected below: