Compensation for Top Heavy Purposes Sample Clauses

Compensation for Top Heavy Purposes. 1.33(B)(3) (1.10) Contract(s).....................................................11.03(c) (11.02)
Sample 1Sample 2Sample 3See All (11)
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Compensation for Top Heavy Purposes. 1.33(B)(3) (1.10) Contract(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.03(c) (11.02)
Sample 1Sample 2See All (4)
Compensation for Top Heavy Purposes. 1.33(B)(3) (1.10) Contract(s)....................................................11.03(c) (11.02) Custodian Designation..........................................10.03[B] (10.02) Deemed Cash-out Rule.............................................5.04(C) (5.02) Deferral Contributions.........................................14.03(g) (14.02) Deferral Contributions Account....................................14.06 (14.04) Defined Benefit Plan.............................................3.19(i) (3.08) Defined Benefit Plan Fraction....................................3.19(j) (3.08) Defined Contribution Plan........................................3.19(h) (3.08) Defined Contribution Plan Fraction...............................3.19(k) (3.09) Determination Date............................................1.33(B)(7) (1.10) Disability..........................................................1.28 (1.07) Distribution Date...................................................6.01 (6.01) Distribution Restrictions......................................14.03(m) (14.03) Earned Income.......................................................1.13 (1.05) Effective Date......................................................1.18 (1.05) Elective Deferrals.............................................14.03(h) (14.02)
Sample 1See All (4)
Compensation for Top Heavy Purposes. . . . . . . .1.33(B)(3) (1.10) Contract(s) . . . . . . . . . . . . . . . . . . . . . . 11.03(c) (11.02) Custodian Designation . . . . . . . . . . . . . . . . . 10.03[B] (10.02) Deemed Cash-out Rule . . . . . . . . . . . . . . . . . . 5.04(C) (5.02) Deferral Contributions . . . . . . . . . . . . . . . . 14.03(g) (14.02) Deferral Contributions Account . . . . . . . . . . . . . 14.06 (14.04) Defined Benefit Plan . . . . . . . . . . . . . . . . . . 3.19(i) (3.08) Defined Benefit Plan Fraction . . . . . . . . . . . . . . 3.19(j) (3.08) Defined Contribution Plan . . . . . . . . . . . . . . . . 3.19(h) (3.08) Defined Contribution Plan Fraction . . . . . . . . . . . 3.19(k) (3.09) Determination Date . . . . . . . . . . . . . . . . . .1.33(B)(7) (1.10) Disability . . . . . . . . . . . . . . . . . . . . . . . 1.28 (1.07) Distribution Date . . . . . . . . . . . . . . . . . . . . 6.01 (6.01) Distribution Restrictions . . . . . . . . . . . . . . . 14.03(m) (14.03) Earned Income . . . . . . . . . . . . . . . . . . . . . . 1.13 (1.05) Effective Date . . . . . . . . . . . . . . . . . . . . . 1.18 (1.05) Elective Deferrals . . . . . . . . . . . . . . . . . . 14.03(h) (14.02)
Sample 1
Compensation for Top Heavy Purposes. . . . . 1-33(B)(3) (1.09) Contract(s) . . . . . . . . . . . . . . . . . . . . . 11.03(c) (11.02) Custodian Designation . . . . . . . . . . . . . . . . 10.03[B] (10.03) Deemed Cash-out Rule . . . . . . . . . . . . . . . . . 5.04(C) (5.02) Deferral Contributions . . . . . . . . . . . . . . . 14.03(g) (14.02) Deferral Contributions Account . . . . . . . . . . . 14.06(A) (14.04) Defined Benefit Plan . . . . . . . . . . . . . . . . . 3.19(i) (3.09)
Sample 1

Related to Compensation for Top Heavy Purposes

  • DETERMINATION OF TOP HEAVY STATUS If this Plan is the only qualified plan maintained by the Employer, the Plan is top heavy for a Plan Year if the top heavy ratio as of the Determination Date exceeds 60%. The top heavy ratio is a fraction, the numerator of which is the sum of the present value of Accrued Benefits of all Key Employees as of the Determination Date and the denominator of which is a similar sum determined for all Employees. The Advisory Committee must include in the top heavy ratio, as part of the present value of Accrued Benefits, any contribution not made as of the Determination Date but includible under Code Section 416 and the applicable Treasury regulations, and distributions made within the Determination Period. The Advisory Committee must calculate the top heavy ratio by disregarding the Accrued Benefit (and distributions, if any, of the Accrued Benefit) of any Non-Key Employee who was formerly a Key Employee, and by disregarding the Accrued Benefit (including distributions, if any, of the Accrued Benefit) of an individual who has not received credit for at least one Hour of Service with the Employer during the Determination Period. The Advisory Committee must calculate the top heavy ratio, including the extent to which it must take into account distributions, rollovers and transfers, in accordance with Code Section 416 and the regulations under that Code section. If the Employer maintains other qualified plans (including a simplified employee pension plan), or maintained another such plan which now is terminated, this Plan is top heavy only if it is part of the Required Aggregation Group, and the top heavy ratio for the Required Aggregation Group and for the Permissive Aggregation Group, if any, each exceeds 60%. The Advisory Committee will calculate the top heavy ratio in the same manner as required by the first paragraph of this Section 1.33, taking into account all plans within the Aggregation Group. To the extent the Advisory Committee must take into account distributions to a Participant, the Advisory Committee must include distributions from a terminated plan which would have been part of the Required Aggregation Group if it were in existence on the Determination Date. The Advisory Committee will calculate the present value of accrued benefits under defined benefit plans or simplified employee pension plans included within the group in accordance with the terms of those plans, Code Section 416 and the regulations under that Code section. If a Participant in a defined benefit plan is a Non-Key Employee, the Advisory Committee will determine his accrued benefit under the accrual method, if any, which is applicable uniformly to all defined benefit plans maintained by the Employer or, if there is no uniform method, in accordance with the slowest accrual rate permitted under the fractional rule accrual method described in Code Section 411(b)(1)(C). If the Employer maintains a defined benefit plan, the Employer must specify in Adoption Agreement Section 3.18 the actuarial assumptions (interest and mortality only) the Advisory Committee will use to calculate the present value of benefits from a defined benefit plan. If an aggregated plan does not have a valuation date coinciding with the Determination Date, the Advisory Committee must value the Accrued Benefits in the aggregated plan as of the most recent valuation date falling within the twelve-month period ending on the Determination Date, except as Code Section 416 and applicable Treasury regulations require for the first and second plan year of a defined benefit plan. The Advisory Committee will calculate the top heavy ratio with reference to the Determination Dates that fall within the same calendar year.

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

  • Plan Year Any reference to “

  • SUSPENSION OF YEARS OF SERVICE The suspension of Years of Service rule elected under Adoption Agreement Section 2.03 is effective for Plan Years beginning after _____________________.

  • Years of Service (i) A Participant’s Years of Service shall include all service performed for the Employer and ¨ Shall ¨ Shall Not include service performed for the Related Employer.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • TOP-HEAVY PROVISIONS The Plan will be considered a Top Heavy Plan for any Plan Year if it is determined to be a Top Heavy Plan as of the last day of the preceding Plan Year. The provisions of this Section 10.2 shall apply and supersede all other provisions in the Plan during each Plan Year with respect to which the Plan is determined to be a Top Heavy Plan.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

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