ACP definition

ACP means the "Actual Contribution Percentage" determined pursuant to Section 12.6(d).

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ACP or "Average Contribution Percentage". The percentage calculated in accordance with Section 12.1.

ACP or "Average Contribution Percentage". The Average Percentage calculated using Contributions allocated to Participants as of a date within the Plan Year.

Examples of ACP in a sentence

• In addition, the amount of the withdrawal: (i) is not taken into account in determining the dollar limitation on elective deferrals under Code Section 402(g); (ii) is not included in the ADP Test, or ACP Test, if applicable; and (iii) is not an Eligible Rollover Distribution.

• If the Employer makes no election, they will be deemed to have made an election to disregard all Matching Contributions for purposes of the ACP Test.

• The Plan may not be an ACP Test Safe Harbor for such Plan Year unless the existing Plan did not provide for Matching Contributions and the amendment providing for Matching Contributions is made effective at the same time as the adoption of the cash or deferred arrangement.

• Alternatively, the Employer may elect to include all Matching Contributions for purposes of the ACP test.

• If the Employer elected to satisfy the ADP Test Safe Harbor and ACP Test Safe Harbor in Item O(2)(f)(i) and the Employer elected in Item O(2)(i) to make a QACA Nonelective Contribution for the Plan Year, any provisions relating to the ACP Test in Section 3.08 with respect to Matching Contributions do not apply for the Plan Year specified in Item O(2)(i).

More Definitions of ACP

ACP means the average of the Contribution Percentages of the Eligible Participants in a group.

ACP means agricultural conservation program, as refer- enced in 7 CFR, part 701 and part 1413.

ACP has the meaning given to such term in the introductory paragraph hereof.

ACP or "alternative control plan" means any emissions averaging program approved by the board pursuant to the provisions of this article.

ACP means alternative control plan.

ACP means the African Caribbean and Pacific Group of States;

ACP means Annual Contracting Plan;