Definition of Actual Deferral Percentage or ADP


Actual Deferral Percentage or ADP means the ratio (expressed as a percentage) of (i) the Before-Tax Contributions made to the Plan on behalf of an Eligible Employee for the Plan Year (excluding any excess Before-Tax Contributions by a Nonhighly Compensated Employee under Section 3.6 of the Plan) to (ii) the Eligible Employee's Compensation for the Plan Year.

Examples of Actual Deferral Percentage or ADP in a sentence

Actual Deferral Percentage or ADP shall mean the ratio (expressed as a percentage) of (i) the sum of Pre-Tax Contributions on behalf of a Participant for the Plan Year (excluding any Excess Deferrals by a Non-highly Compensated Employee) and, to the extent permitted in Treasury Regulations and elected by the Employer, the Participant's Qualified Nonelective Contributions to (ii) the Participant's Compensation for the Plan Year.
For purposes of this Exhibit B, the term Actual Deferral Percentage or ADP shall be determined separately with respect to Eligible Employees who are Highly Compensated Employees and Eligible Employees who are Non-Highly Compensated Employees.
Actual Deferral Percentage or ADP means, for a specified group of eligible Participants for a Plan Year, the average of the ratios (calculated separately to the nearest one-hundredth of one percent for each eligible Participant in such group) of: (i) the amount of Company contributions actually paid over to the Funding Part on behalf of such Participant for the Plan Year to: (ii) the Participants Testing Wages while he or she was a Participant for such Plan Year.
The words Actual Deferral Percentage or ADP shall mean, for a specified group of Participants for a Plan Year, the average of the ratios calculated separately for each Participant in such group of (1) the amount of Testing Deferrals for such Participant for the Plan Year to (2) the Testing Compensation of such Participant for such Plan Year.
Actual Deferral Percentage or ADP shall mean, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in such group) of (1) the amount of Employer contributions, as defined in this Section 1.04, actually paid over to the Trust Fund on behalf of such Participant for such Plan Year to (2) the Participants compensation for such Plan Year as defined in Article V.