Applicable Plan Year definition

Applicable Plan Year. ’ means plan year 2020 or
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Applicable Plan Year means any plan year
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Applicable Plan Year means the preceding Plan Year.
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Examples of Applicable Plan Year in a sentence

  • Furthermore, under the Current Year Testing Method, in order to be taken into account in calculating the Contribution Percentage Amounts for a Participant who is a Non-Highly Compensated Employees for the Applicable Plan Year (the Plan Year that is being tested), the Qualified Non-Elective Contribution must be contributed no later than the end of the 12-month period following the Plan Year that is being tested.

  • Notwithstanding anything in this Plan to the contrary, for purposes of this Section 3.4, the “contribution percentage” for any group of individuals means the average of the individual ratios, for each person in such group, of (a) his share of Matching Contributions for the Plan Year (including an Applicable Plan Year) to (b) his Total Earnings for such Plan Year (or, if applicable, the portion thereof in which the individual is both a Member and an Eligible Employee).

  • Consequently, under the Prior Year Testing Method, in order to be used in calculating the Contribution Percentage Amounts for a Participant who is a Non-Highly Compensated Employees for the Applicable Plan Year (the Plan Year prior to the Plan Year that is being tested), the Qualified Non-Elective Contribution must be contributed no later than the end of the 12-month period following the Applicable Year even though the Applicable Year is different than the Plan Year that is being tested.

  • The status of an individual as a non-Highly Compensated Employee for an Applicable Plan Year shall be determined based on the definition of Highly Compensated Employee in effect for such Applicable Plan Year.

  • The ACP for Participants who are Highly Compensated Employees for the Plan Year that is being tested will not exceed the ACP for Participants who are Non-Highly Compensated Employees for the Applicable Plan Year multiplied by 2.0, provided, that the ACP for Participants who are Highly Compensated Employees for the Plan Year that is being tested does not exceed the ACP for Participants who are Non-Highly Compensated Employees for the Applicable Plan Year by more than 2 percentage points.

  • Notwithstanding anything in this Plan to the contrary, effective January 1, 1997, for purposes of this Section 3.3, the average deferral percentage for any group of individuals for a Plan Year (including an Applicable Plan Year) means the average of the individual ratios, for each person in such group, of (i) his share of Elective Contributions for the Plan Year to (ii) his Total Earnings for such Plan Year.

  • Notwithstanding anything in this Plan to the contrary, effective January 1, 1997, for purposes of this Section 3.4, the "contribution percentage" for any group of individuals means the average of the individual ratios, for each person in such group, of (a) his share of Matching Contributions for the Plan Year or Applicable Plan Year to (b) his Total Earnings for the Plan Year or Applicable Plan Year.

  • If the Employer makes the current year testing election in Option 17(a) of the Adoption Agreement, then the Average Deferral Percentage for the Eligible Participants who are Non-Highly Compensated Employees for the Applicable Plan Year shall be based on the actual Average Deferral Percentage for the Eligible Participants who are Non-Highly Compensated Employees for such first Plan Year.

  • Such additional contributions shall be made at such time as shall be necessary, pursuant to IRS Notice 98-1 (and corresponding successor guidance), to comply with the provisions of Article VI and to meet the requirements of Sections 3.4 and 3.5 for each Applicable Plan Year.

  • The term “Qualified Automatic Contribution Arrangement” means an Automatic Contribution Arrangement that meets all of the requirements set forth in Code §401(k)(13)(B) including, but not limited to, the applicable Qualified Percentage for the Applicable Plan Year (which terms are defined in the administrative policy regarding Elective Deferrals), the required QACA Contributions, and the applicable notice requirements.


More Definitions of Applicable Plan Year

Applicable Plan Year means (a) for any Plan Year in which the Prior Year Testing Method is being used, the Plan Year prior to the Plan Year that is being tested; and (b) for any Plan Year in which the Current Year Testing Method is being used, the Plan Year that is being tested.
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Applicable Plan Year means, as between the most recent plan year ending on or before the date of the Change in Control and the most recently completed plan year ending on or before the Date of Termination, the plan year in which the total matching and other Company contributions credited to Executive’s accounts in the Savings Plans were the greater. The Company shall pay Executive the lump sum amounts described in clauses (i) and (iii) above on the fifth business day following the Date of Termination. The Company shall pay Executive the additional benefit described in clause (ii) at the same time or times and in the same form of payment as the forfeited Company contributions would have been paid pursuant to the Restoration Plan, if they had not been forfeited.
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Related to Applicable Plan Year

  • Plan Year means the calendar year.

  • Top Heavy Plan Year means a Plan Year during which the Plan is a Top Heavy Plan.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Limitation Year means the Plan Year.

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.