Leveling Method definition

Leveling Method means the method of determining the excess amounts under Section 3.5(a), 3.5(b) or 6.11(a) under which the actual deferral ratio or the actual contribution ratio, as applicable, of the Highly Compensated Employee with the highest actual deferral ratio (or actual contribution ratio) shall be reduced to the extent required to enable the Plan to satisfy Section 3.5(a) or 3.5(b) or Section 6.11(a) or to cause such Highly Compensated Employee's actual deferral ratio or actual contribution ratio, as applicable, to equal the ratio of the Highly Compensated Employee with the next highest actual deferral ratio or actual contribution ratio. This process shall be repeated until Section 3.5(a), 3.5(b) or Section 6.11(a) is satisfied.
Sample 1
Leveling Method means the method of determining the excess amounts under Section 3.8(a), 3.8(b) or 5.5(a) under which the actual deferral ratio or the actual contribution ratio, as applicable, of the Highly Compensated Employee with the highest dollar amount of deferrals or contributions, as applicable, shall be reduced to the extent required to enable the Plan to satisfy Section 3.8(a) or 3.8(b) or Section 5.5(a) or to cause such Highly Compensated Employee's deferrals or contributions, as applicable, to equal the deferrals or contributions of the Highly Compensated Employee with the next highest dollar amount of deferrals or contributions, as applicable, or such other method which is permitted under Code Section 401(k)(8)(C). This process shall be repeated until Section 3.8(a), 3.8(b) or Section 5.5(a) is satisfied.
Sample 1
Leveling Method means the method of determining the excess amounts under Section 3.6(a) under which the actual contribution ratio of the Highly Compensated Employee with the highest actual contribution ratio shall be reduced to the extent required to enable the Plan to satisfy Section 3.6(a) or to cause such Highly Compensated Employee's actual contribution ratio to equal the ratio of the Highly Compensated Employee with the next highest actual contribution ratio. This process shall
Sample 1

Examples of Leveling Method in a sentence

  • Prior to the end of the following Plan Year, certain amounts described in Section 1.22(a) (and any income thereon earned to the date of distribution computed in a consistent and reasonable manner in accordance with Section 8.2 and Code Section 401(a)(4)) for Highly Compensated Employees shall be reduced according to the Leveling Method and distributed to the Highly Compensated Employees with respect to whom the reduction is made.

  • Prior to the end of the following Plan Year, allocations described in Section 1.20(b) (and any income thereon earned to the date of distribution or forfeiture computed in a consistent and reasonable manner in accordance with Section 8.2 and Code Section 401(a)(4)) for Highly Compensated Employees shall be reduced according to the Leveling Method (and, with respect to matching contributions, in conformity with Treas.

  • EXAMPLE (10): Short Cut Leveling Method (same facts as above)Solve for x, where x = ADR to which B and C must be reduced.

  • There was also a very weak interaction of condition and gender (F(1, 4524) = 5.10, p = 0.024, d = 0.07, 95% CI [0.04, 0.13]).

  • When evaluating potential conflicts, Contract Administrators should obtain the advice and assistance of Legal Counsel and the appropriate technical specialists for developing any necessary solicitation provisions and contract clauses.


More Definitions of Leveling Method

Leveling Method means the following method of allocating the dollar amount of the excess contributions (within the meaning of Reg. Section 1.401(k)-1(g)(7)) under Section 3.5(a) or 3.5(b) or excess aggregate contributions (within the meaning of Reg. Section 1.401(m)-1(f)(8)) under Section 5.5(a). Under this method, the total of excess contributions (or excess aggregate contributions) to be distributed is allocated among the Highly Compensated Employees such that the allocations described in Section 1.17(a) (or 1.15(b), as applicable) of the Highly Compensated Employees with the highest amount of such allocations is reduced such that the total of such reductions (together with all prior reductions hereunder for the applicable Plan Year) equals the total of such excess contributions or excess aggregate contributions) or such that such Highly Compensated Employee's remaining such allocations equals the allocations of the Highly Compensated Employee with the next highest amount of such allocations. This process is repeated with respect to the applicable Highly Compensated Employees until the total of such reductions attributable to all such Highly Compensated Employees is equal to the total of such excess contributions (or excess aggregate contributions).
Sample 1
Leveling Method means the method of determining the excess
Sample 1

Related to Leveling Method

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Payment Method means a payment method that Stripe accepts as part of the Stripe Payments Services (e.g., a Visa credit card, Klarna).

  • Balance Computation Method We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the balance in the account each day. Compounding and Crediting: Interest is compounded daily and calculated on a 365/366 day basis. Interest is credited on a monthly basis.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • MBA Delinquency Method Under the MBA Delinquency Method, a loan due on the first of the month is considered 30 days delinquent when all or part of one or more payments remains unpaid as of close of business on the last Business Day of such month.

  • Prior Year means the year commencing 1 April immediately prior to the relevant Charging Year;

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Start-Up Testing means the completion of applicable required factory and start-up tests as set forth in Exhibit C.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Peak flow rate means the maximum instantaneous flow from a given storm condition at a particular location.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Method Detection Level or “MDL” means the minimum concentration of an analyte (substance) that can be measured and reported with a ninety- nine percent (99%) confidence that the analyte concentration is greater than zero (0) as determined by procedure set forth in 40 CFR 136, Appendix B. The method detection level or MDL is equivalent to the LOD.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any day if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.5%

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.

  • Grade point average or "GPA" means the grade point average earned by an eligible student and reported by the high school or participating institution in which the student was enrolled based on a scale of 4.0 or its equivalent if the high school or participating institution that the student attends does not use the 4.0 grade scale;

  • Five-year U.S. Treasury Rate means, as of any Reset Interest Determination Date, as applicable, (i) an interest rate (expressed as a decimal) determined to be the per annum rate equal to the arithmetic mean of the five most recent daily yields to maturity for U.S. Treasury securities with a maturity of five years from the next Reset Date and trading in the public securities markets or (ii) if there is no such published U.S. Treasury security with a maturity of five years from the next Reset Date and trading in the public securities markets, then the rate will be determined by interpolation between the arithmetic mean of the five most recent daily yields to maturity for each of the two series of U.S. Treasury securities trading in the public securities market, (A) one maturing as close as possible to, but earlier than, the Reset Date following the next succeeding Reset Interest Determination Date, and (B) the other maturing as close as possible to, but later than, the Reset Date following the next succeeding Reset Interest Determination Date, in each case as published in the most recent H.15. If the Five-year U.S. Treasury Rate cannot be determined pursuant to the methods described in clause (i) or (ii) above, then the Five-year U.S. Treasury Rate will be the same interest rate determined for the prior Reset Interest Determination Date or the same interest rate as the initial Interest Period, 5.875%, if prior to the First Call Date.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Integration Level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (i) or (ii) below.

  • Base Index Figure means (subject to Condition 4.3(i)) the base index figure as specified in the relevant Final Terms;

  • Random selection basis means a mechanism for selection of employees that: