Common use of Top-Heavy Plan Clause in Contracts

Top-Heavy Plan. Top Heavy Plan" means, for Plan years commencing after December 31, 1983, that, as of the determination date, (1) the present value of accrued benefits of key employees, or (2) the sum of the aggregate accounts of key employees under this Plan and any Plan of the Company's aggregation group, exceeds sixty percent (60%) of the present value of accrued benefits or the aggregate accounts of all participants under this Plan and any Plan of the Company's aggregation group.

Appears in 2 contracts

Samples: Kansas City Life Insurance Co, Kansas City Life Insurance Co

AutoNDA by SimpleDocs

Top-Heavy Plan. Top Heavy Plan" means, for Plan years commencing after December 31, 1983, that, as of the determination date, (1) the present value of accrued benefits of key employees, or (2) the sum of the aggregate accounts of key employees under this Plan and any Plan of the Company's aggregation group, exceeds sixty percent (60%) of the present value of accrued benefits or the aggregate accounts of all participants under this Plan and any Plan of the Company's aggregation group.. 14.6 Top Heavy Plan Year. "Top Heavy Plan Year" means any calendar year after December 31, 1983 in which the Plan is a top heavy plan. 14.7

Appears in 1 contract

Samples: Kansas City Life Insurance Co

Top-Heavy Plan. Top Heavy Plan" means, for Plan years commencing after December 31, 1983, that, as of the determination date, (1) the present value of accrued benefits of key employees, or (2) the sum of the aggregate accounts of key employees under this Plan and any Plan of the Company's ’s aggregation group, exceeds sixty percent (60%) of the present value of accrued benefits or the aggregate accounts of all participants under this Plan and any Plan of the Company's ’s aggregation group.. 16.6

Appears in 1 contract

Samples: Kansas City Life Insurance Co

Top-Heavy Plan. Top Heavy Plan" means, for Plan years commencing after December 31, 1983, that, as of the determination date, (1) the present value of accrued benefits of key employees, employees or (2) the sum of the aggregate accounts of key employees under this Plan and any Plan of the Company's aggregation group, exceeds sixty percent (60%) of the present value of accrued benefits or the aggregate accounts of all participants under this Plan and any Plan of the Company's aggregation group.

Appears in 1 contract

Samples: Kansas City Life Insurance Co

Top-Heavy Plan. Top Heavy Plan" means, for Plan years commencing after December 31, 1983, that, as of the determination date, (1) the present value of accrued benefits of key employees, or (2) the sum of the aggregate accounts of key employees under this Plan and any Plan of the Company's ’s aggregation group, exceeds sixty percent (60%) of the present value of accrued benefits or the aggregate accounts of all participants under this Plan and any Plan of the Company's ’s aggregation group.. 14.6

Appears in 1 contract

Samples: Life Employee Stock Plan (Kansas City Life Insurance Co)

AutoNDA by SimpleDocs

Top-Heavy Plan. Top Heavy Plan" means, for Plan years commencing after December 31, 1983, that, as of the determination date, (1) the present value of accrued benefits of key employees, or (2) the sum of the aggregate accounts of key employees under this Plan and any Plan of the Company's ’s aggregation group, exceeds sixty percent (60%) of the present value of accrued benefits or the aggregate accounts of all participants under this Plan and any Plan of the Company's ’s aggregation group.

Appears in 1 contract

Samples: Employee Stock Plan (Kansas City Life Insurance Co)

Top-Heavy Plan. Top Heavy Plan" means, for Plan years commencing after December 31, 1983, that, as of the determination date, (1) the present value of accrued benefits of key employees, or (2) the sum of the aggregate accounts of key employees under this Plan and any Plan of the Company's aggregation group, exceeds sixty percent (60%) of the present value of accrued benefits or the aggregate accounts of all participants under this Plan and any Plan of the Company's aggregation group.. 16.6

Appears in 1 contract

Samples: Kansas City Life Insurance Co

Time is Money Join Law Insider Premium to draft better contracts faster.