Top Heavy Plan Year definition

Top Heavy Plan Year means a Plan Year during which the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means that, for a particular Plan Year commencing after December 31, 1983, the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means a Plan Year commencing after December 31, 1983 during which the Plan is a Top Heavy Plan.
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Examples of Top Heavy Plan Year in a sentence

  • Subject to Section 3.14 of the Basic Plan, a Top Heavy Allocation will be made in each Top Heavy Plan Year to each Participant who is employed on the last day of the Plan Year < x and is a Non-Key Employee >.

  • For any Top Heavy Plan Year, the Plan shall provide the special vesting requirements of Code Section 416(b) pursuant to Section 6.4 of the Plan and the special minimum allocation requirements of Code Section 416(c) pursuant to Section 4.4 of the Plan.

  • Notwithstanding the foregoing, for any Top Heavy Plan Year, the sum of the Employer's contributions and Forfeitures allocated to the Participant's Combined Account of each Non-Key Employee shall be equal to at least three percent (3%) of such Non-Key Employee's 415 Compensation (reduced by contributions and forfeitures, if any, allocated to each Non-Key Employee in any defined contribution plan included with this Plan in a "required aggregation group" (as defined in Section 9.2(f)).

  • Notwithstanding anything in this Plan to the contrary, for any Top Heavy Plan Year, the Plan shall provide the special vesting requirements of Code Section 416(b) pursuant to Section 6.4 of the Plan and the special minimum allocation requirements of Code Section 416(c) pursuant to Section 4.3(f) of the Plan.

  • Notwithstanding the foregoing, for any Top Heavy Plan Year, the sum of the Employer's contributions and Forfeitures allocated to the Participant's Combined Account of each Employee shall be equal to at least three percent (3%) of such Employee's "415 Compensation" (reduced by contributions and forfeitures, if any, allocated to each Employee in any defined contribution plan included with this plan in a Required Aggregation Group).


More Definitions of Top Heavy Plan Year

Top Heavy Plan Year means that, for a particular Plan Year, the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means a Plan Year if the sum of the account balances of all key employees under the Plan and each other defined contribution plan (as of the applicable determination date of each such Plan) which is aggregated with the Plan, plus the sum of the present values of the total accrued benefits of all key employees under each defined benefit plan (as of the applicable determination date of each such plan) which is aggregated with the Plan exceeds 60 percent of the sum of such amounts for all Employees (including, for purposes of this paragraph (b), any person employed by the Corporation, an Affiliated Corporation or a Subsidiary) and former Employees (other than former key employees, but including Beneficiaries of former Employees) under the Plan and all such plans. For purposes of these determinations:
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Top Heavy Plan Year means a Plan Year if any of the following conditions exist:
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Top Heavy Plan Year means any Plan Year in which the Plan is a Top-Heavy Plan.
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Top Heavy Plan Year means, for Plan Years beginning after December 31, 2001, a Plan Year during which the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means a Plan Year during which the Plan is a Top‑Heavy Plan.
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Top Heavy Plan Year means any Plan Year during which the Plan is Top Heavy or part of a Top Heavy Group.
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