Non-Highly Compensated Participant definition

Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.
Non-Highly Compensated Participant means any Participant who is not a Highly Compensated Employee.
Non-Highly Compensated Participant means, for Plan Years beginning after December 31, 1996, any Participant who is not a Highly Compensated Employee. However, for purposes of Section 4.5(a) and Section 4.6, if the prior year testing method is used, a Non-Highly Compensated Participant shall be determined using the definition of Highly Compensated Employee in effect for the preceding Plan Year.

Examples of Non-Highly Compensated Participant in a sentence

  • Such contribution shall be allocated to the Participant's Elective Account of each Non-Highly Compensated Participant in the same proportion that each Non-Highly Compensated Participant's Compensation for the year bears to the total Compensation of all Non-Highly Compensated Participants.

  • Additionally, the "Actual Deferral Percentage" for the Highly Compensated Participant group shall not exceed the "Actual Deferral Percentage" for the Non-Highly Compensated Participant group multiplied by 2.

  • The excess of the "Actual Deferral Percentage" for the Highly Compensated Participant group over the "Actual Deferral Percentage" for the Non-Highly Compensated Participant group shall not be more than two percentage points.

  • For the purposes of this Section "Actual Deferral Percentage" means, with respect to the Highly Compensated Participant group and Non-Highly Compensated Participant group for a Plan Year, the average of the ratios, calculated separately for each Participant in such group, of the amount of Employer Elective Contributions allocated to each Participant's Elective Account for such Plan Year, to such Participant's "414(s) Compensation" for such Plan Year.

  • For the purposes of Sections 4.5(a) and 4.6, a Highly Compensated Participant and a Non-Highly Compensated Participant shall include any Employee eligible to make a deferral election pursuant to Section 4.2, whether or not such deferral election was made or suspended pursuant to Section 4.2.


More Definitions of Non-Highly Compensated Participant

Non-Highly Compensated Participant means any Participant who is not a Highly Compensated Participant.
Non-Highly Compensated Participant means any Participant who is not a Highly Compensated Employee. However, for the Plan Year prior to the first Plan Year of this amendment and restatement, for the purposes of Section 4.5(a) and Section 4.6, if the prior year testing method is used, a Non-Highly Compensated Participant shall be determined using the definition of highly compensated employee in effect for the preceding Plan Year.
Non-Highly Compensated Participant means any Participant or Former Participant who is neither a Highly Compensated Participant nor a Family Member.
Non-Highly Compensated Participant means any Participant who is not a Highly Compensated Employee. However, if pursuant to Sections 12.4 or 12.6 the prior year testing method is used to calculate the ADP or the ACP, a Non-Highly Compensated Participant shall be determined using the definition of Highly Compensated Employee in effect for the preceding Plan Year.
Non-Highly Compensated Participant means a Non-Highly Compensated Employee who was, at any time during the Plan Year in question, eligible to participate in the Plan.
Non-Highly Compensated Participant means an active Participant who is not a Highly Compensated Participant.
Non-Highly Compensated Participant means, for Plan Years beginning after December 31, 1996, any Participant who is not a Highly Compensated Employee.