{"component": "definition", "props": {"groups": [{"samples": [{"hash": "k1qgh1brPP2", "uri": "/contracts/k1qgh1brPP2#highest-average-compensation", "label": "Adoption Agreement (Premier Strategic Growth Fund)", "score": 18.0, "published": true}, {"hash": "iW1RTUFyCIQ", "uri": "/contracts/iW1RTUFyCIQ#highest-average-compensation", "label": "Adoption Agreement (Dreyfus Global Growth Fund)", "score": 18.0, "published": true}, {"hash": "iRlaDirKCT3", "uri": "/contracts/iRlaDirKCT3#highest-average-compensation", "label": "Adoption Agreement (Dreyfus Growth Opportunity Fund Inc)", "score": 18.0, "published": true}], "snippet": "means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.", "size": 24, "snippet_links": [{"key": "compensation-for-the", "type": "clause", "offset": [18, 38]}, {"key": "service-with-the-employer", "type": "clause", "offset": [70, 95]}, {"key": "year-of-service", "type": "clause", "offset": [133, 148]}, {"key": "the-plan-year", "type": "clause", "offset": [224, 237]}], "hash": "3f1450439b781e47cf92716f34bae77a", "id": 1}, {"samples": [{"hash": "lmuorkmMNNf", "uri": "https://www.ctas.tennessee.edu/node/97358/printable/pdf", "label": "www.ctas.tennessee.edu", "score": 20.291601181, "published": false}, {"hash": "5ZwUNkYDC0W", "uri": "https://www.ctas.tennessee.edu/node/97349/printable/pdf", "label": "www.ctas.tennessee.edu", "score": 19.805398941, "published": false}, {"hash": "6DNFKnzeEVm", "uri": "https://www.ctas.tennessee.edu/node/97176/printable/pdf", "label": "www.ctas.tennessee.edu", "score": 11.0232715607, "published": false}], "snippet": "means the average compensation for the three (3) consecutive years of service with the employer that produces the highest average.", "size": 23, "snippet_links": [{"key": "compensation-for-the", "type": "clause", "offset": [18, 38]}, {"key": "service-with-the-employer", "type": "clause", "offset": [70, 95]}], "hash": "171839d5c20c66f39177f6c6c6a4b463", "id": 2}, {"samples": [{"hash": "dP642rRnckz", "uri": "/contracts/dP642rRnckz#highest-average-compensation", "label": "Adoption Agreement (MSC Software Corp)", "score": 21.0, "published": true}, {"hash": "jOjtbVHza21", "uri": "/contracts/jOjtbVHza21#highest-average-compensation", "label": "Non Standardized 401(k) Profit Sharing Plan (Aceto Corp)", "score": 18.0, "published": true}, {"hash": "iy7HybVDi17", "uri": "/contracts/iy7HybVDi17#highest-average-compensation", "label": "401(k) Profit Sharing Plan Adoption Agreement (Wayne Savings Bancshares Inc /De/)", "score": 18.0, "published": true}], "snippet": "means the average Compensation for the three (3) consecutive Years of Service with the Employer while a Participant in the Plan that produces the highest average. 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If the Participant has less than three (3) consecutive Years of Service, the highest average will be based on the Participant\u2019s longest consecutive period of Service, including fractions of years, but not less than one (1) year.", "size": 7, "snippet_links": [{"key": "compensation-for-the", "type": "clause", "offset": [18, 38]}, {"key": "years-of-service", "type": "definition", "offset": [61, 77]}, {"key": "the-county", "type": "definition", "offset": [83, 93]}, {"key": "the-participant", "type": "clause", "offset": [132, 147]}, {"key": "based-on", "type": "definition", "offset": [230, 238]}, {"key": "period-of-service", "type": "definition", "offset": [277, 294]}, {"key": "of-years", "type": "clause", "offset": [316, 324]}], "hash": "be8abfce6e5c135cf6d40cf830a262a6", "id": 7}, {"samples": [{"hash": "cbBqh9eO8lz", "uri": "https://archive.legmt.gov/bills/2003/SB0399//SB0347_x.pdf", "label": "archive.legmt.gov", "score": 14.6374387741, "published": false}, {"hash": "7RSvL87Xxhl", "uri": "https://leg.mt.gov/bills/2003/SB0399//SB0347_2.pdf", "label": "leg.mt.gov", "score": 14.5758056641, "published": false}, {"hash": "h5ZGvo9Adql", "uri": "https://leg.mt.gov/bills/2003/SB0399//SB0347_4.pdf", "label": "leg.mt.gov", "score": 9.918548584, "published": false}], "snippet": "means a member's highest average monthly compensation during any 36 consecutive months of membership service. Lump-sum payments for severance pay, including payment for compensatory leave, sick leave, and annual leave, paid to the member upon termination of employment may be used in the calculation of a retirement benefit only to the extent that they are used to replace, on a month-for-month basis, the regular compensation for a month or months included in the calculation of the highest average compensation. A lump-sum payment may not be added to a single month's compensation.", "size": 7, "snippet_links": [{"key": "a-member", "type": "definition", "offset": [6, 14]}, {"key": "highest-average-monthly-compensation", "type": "definition", "offset": [17, 53]}, {"key": "membership-service", "type": "definition", "offset": [90, 108]}, {"key": "payments-for", "type": "clause", "offset": [119, 131]}, {"key": "severance-pay", "type": "clause", "offset": [132, 145]}, {"key": "payment-for", "type": "clause", "offset": [157, 168]}, {"key": "compensatory-leave", "type": "clause", "offset": [169, 187]}, {"key": "sick-leave", "type": "definition", "offset": [189, 199]}, {"key": "annual-leave", "type": "definition", "offset": [205, 217]}, {"key": "to-the-member", "type": "clause", "offset": [224, 237]}, {"key": "upon-termination-of-employment", "type": "clause", "offset": [238, 268]}, {"key": "retirement-benefit", "type": "definition", "offset": [305, 323]}, {"key": "to-the-extent", "type": "clause", "offset": [329, 342]}, {"key": "a-month", "type": "definition", "offset": [377, 384]}, {"key": "compensation-for", "type": "clause", "offset": [414, 430]}, {"key": "calculation-of-the", "type": "clause", "offset": [465, 483]}], "hash": "00500ab2813d2bf6bfb3aa3a6f6a4452", "id": 8}, {"samples": [{"hash": "ggJD0IleDLX", "uri": "https://www.sec.gov/Archives/edgar/data/716823/000129993307005813/exhibit12.htm", "label": "Executive Retirement Plan (Milacron Inc)", "score": 7.0, "published": false}, {"hash": "49WxPJv9FL5", "uri": "https://www.sec.gov/Archives/edgar/data/716823/000095015203003162/l99605aexv10w9.htm", "label": "Executive Retirement Plan (Milacron Inc)", "score": 7.0, "published": false}, {"hash": "96FEek6i7rk", "uri": "https://www.sec.gov/Archives/edgar/data/716823/000129993307005813/exhibit13.htm", "label": "Milacron Inc", "score": 3.0, "published": false}], "snippet": "\u2014 shall mean the highest average of the Participant\u2019s Compensation for three consecutive years.", "size": 7, "snippet_links": [{"key": "the-participant", "type": "clause", "offset": [36, 51]}, {"key": "compensation-for", "type": "clause", "offset": [54, 70]}], "hash": "f5ffeabd65a41537d22b6657f3e24c1d", "id": 9}, {"samples": [{"hash": "URc8gpZSB8", "uri": "https://leg.mt.gov/bills/2003/HB0299/HB0213_x.pdf", "label": "leg.mt.gov", "score": 9.9158115387, "published": false}, {"hash": "iGOQPnvSRc", "uri": "https://leg.mt.gov/bills/2003/HB0299//HB0213_3.pdf", "label": "leg.mt.gov", "score": 9.9158115387, "published": false}], "snippet": "means the a member's highest average monthly compensation received by a member for during any 3 years 36 consecutive months of continuous service upon which contributions were made membership service or, in the event a member has not served 3 years at least 36 months, the total compensation earned divided by the number of months served of service. Lump-sum payments for severance pay, including payment for compensatory leave, sick leave, and annual leave, paid to an employee the member upon termination of employment may be used in the calculation of a retirement benefit only to the extent that they are used to replace, on a month-for-month basis, the normal compensation for a month or months included in the calculation of the highest average compensation. A lump-sum payment may not be added to a single month's compensation.", "size": 7, "snippet_links": [{"key": "a-member", "type": "definition", "offset": [10, 18]}, {"key": "received-by", "type": "definition", "offset": [58, 69]}, {"key": "any-3-years", "type": "definition", "offset": [90, 101]}, {"key": "continuous-service", "type": "definition", "offset": [127, 145]}, {"key": "membership-service", "type": "definition", "offset": [181, 199]}, {"key": "in-the-event", "type": "clause", "offset": [204, 216]}, {"key": "total-compensation", "type": "definition", "offset": [273, 291]}, {"key": "divided-by", "type": "clause", "offset": [299, 309]}, {"key": "number-of-months", "type": "definition", "offset": [314, 330]}, {"key": "payments-for", "type": "clause", "offset": [359, 371]}, {"key": "severance-pay", "type": "clause", "offset": [372, 385]}, {"key": "payment-for", "type": "clause", "offset": [397, 408]}, {"key": "compensatory-leave", "type": "clause", "offset": [409, 427]}, {"key": "sick-leave", "type": "definition", "offset": [429, 439]}, {"key": "annual-leave", "type": "definition", "offset": [445, 457]}, {"key": "an-employee", "type": "definition", "offset": [467, 478]}, {"key": "the-member", "type": "clause", "offset": [479, 489]}, {"key": "upon-termination-of-employment", "type": "clause", "offset": [490, 520]}, {"key": "retirement-benefit", "type": "definition", "offset": [557, 575]}, {"key": "to-the-extent", "type": "clause", "offset": [581, 594]}, {"key": "a-month", "type": "definition", "offset": [629, 636]}, {"key": "compensation-for", "type": "clause", "offset": [665, 681]}, {"key": "calculation-of-the", "type": "clause", "offset": [716, 734]}], "hash": "77aa6d15f3ac1654c4bcadaf007cca8c", "id": 10}], "next_curs": "CmkSY2oVc35sYXdpbnNpZGVyY29udHJhY3RzckULEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIlaGlnaGVzdC1hdmVyYWdlLWNvbXBlbnNhdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.", "size": 196, "title": "Highest Average Compensation", "id": "highest-average-compensation", "examples": ["For Limitation Years beginning before January 1, 2000, a fraction, the numerator of which is the sum of the Participant\u2019s Projected Annual Benefits under all the Defined Benefit Plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125% of the dollar limitation determined for the Limitation Year under Code Sections 415(b) and (d) or 140% of the <strong>Highest Average Compensation</strong>, including any adjustments under Code Section 415(b).", "For Limitation Years beginning before January 1, 2000, a fraction, the numerator of which is the sum of the Participant&#x27;s Projected Annual Benefits under all the Defined Benefit Plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125% of the dollar limitation determined for the Limitation Year under Code Sections 415(b) and (d) or 140% of the <strong>Highest Average Compensation</strong>, including any adjustments under Code Section 415(b).", "FRACTION For Limitation Years beginning before January 1, 2000, a fraction, the numerator of which is the sum of the Participant&#x27;s Projected Annual Benefits under all the Defined Benefit Plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125% of the dollar limitation determined for the Limitation Year under Code Sections 415(b) and (d) or 140% of the <strong>Highest Average Compensation</strong>, including any adjustments under Code Section 415(b).", "A fraction, the numerator of which is the sum of the Participant&#x27;s Projected Annual Benefits under all the Defined Benefit Plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125 percent of the dollar limitation determined for the Limitation Year under Code Sections 415(b) and (d) or 140 percent of the <strong>Highest Average Compensation</strong>, including any adjustments under Code Section 415(b).", "The &quot;Defined Benefit Fraction&quot; shall be a fraction, the numerator of which is the sum of the Participant&#x27;s Projected Annual Benefits under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125% of the dollar limitation in effect for the Limitation Year under Code Section 415(b)(l)(A) or 140% of the Participant&#x27;s <strong>Highest Average Compensation</strong> (including any adjustments required by Code Section 415(b)).", "The &quot;Defined Benefit Fraction&quot; shall be a fraction, the numerator of which is the sum of the Participant&#x27;s Projected Annual Benefits under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125% of the dollar limitation in effect for the Limitation Year under Code Section 415(b)(1)(A) or 140% of the Participant&#x27;s <strong>Highest Average Compensation</strong>.", "BENEFIT PLAN FRACTION means a fraction, the numerator of which is the sum of the Participant&#x27;s Projected Annual Benefits under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125 percent of the dollar limitation in effect for the Limitation Year under Internal Revenue Code Section 415(b)(I)(A) or 140 percent of his <strong>Highest Average Compensation</strong>.", "A fraction, the numerator of which is the sum of the Participant&#x27;s projected annual benefits under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125 percent of the Dollar Limitation determined for the limitation year under Sections 415(b) and (d) of the Code and in accordance with Section 7.4.(k) below or 140 percent of the <strong>Highest Average Compensation</strong>, including any adjustments under Section 415(b) of the Code.", "A Participant&#x27;s <strong>Highest Average Compensation</strong> for Top-Heavy purposes shall be based on: \u2610 f.", "Limitation Years beginning before January 1, 2000, a fraction, the numerator of which is the sum of the Participant\u2019s Projected Annual Benefits under all the Defined Benefit Plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of 125% of the dollar limitation determined for the Limitation Year under Code Sections 415(b) and (d) or 140% of the <strong>Highest Average Compensation</strong>, including any adjustments under Code Section 415(b)."], "related": [["average-compensation", "Average Compensation", "Average Compensation"], ["final-average-compensation", "Final Average Compensation", "Final Average Compensation"], ["average-final-compensation", "Average final compensation", "Average final compensation"], ["average-monthly-compensation", "Average Monthly Compensation", "Average Monthly Compensation"], ["final-average-salary", "Final average salary", "Final average salary"]], "related_snippets": [], "updated": "2025-07-10T05:58:13+00:00"}, "json": true, "cursor": ""}}