Common use of Present Value Clause in Contracts

Present Value. Used for Top-Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 of the Adoption Agreement.

Present Value. Used for Top-Top Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 the section of the Adoption AgreementAgreement entitled "Limitations on Allocations".

Present Value. Used for Top-Heavy test and determination purposes, when When determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the EmployerEmployer for Top-Heavy test and limitation on allocation purposes, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 10 of the Adoption AgreementAgreements 001 through 004 and Section 7 of Adoption Agreements 005 and 006.

Present Value. Used for Top-Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 the section of the Adoption AgreementAgreement entitled "Limitations on Allocations".

Present Value. Used for Top-Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, . interest and mortality assumptions will be specified in Section 11 of the Adoption Agreement.