Actual Deferral Percentages Sample Clauses

Actual Deferral Percentages. Qualified Non-Elective Contributions may be taken into account for purposes of calculating the ADP-Actual Deferral Percentages. For purposes of the ADP test in Section 2.7.1, the amount taken into account shall be: ( ) a. All Qualified Non-Elective Contributions. (X) b. The Qualified Non-Elective Contributions that are needed to meet the ADP test.
Sample 1Sample 2
AutoNDA by SimpleDocs
Actual Deferral Percentages. For each Plan Year, the Administrator shall determine for each Employee eligible to make Elective Contributions the ratio of his or her Elective Contributions for the Plan Year to his or her Compensation for such Year. To the extent permitted under Treasury Regulations, the Administrator may take into account only that portion of the Plan Year during which the Employee was a Participant. The actual deferral ratios for all Highly Compensated Employees eligible to make Elective Contributions, and the actual deferral ratios for all non-Highly Compensated Employees eligible to make such Contributions, shall be averaged to determine the actual deferral percentages for each group of Employees for the Plan Year. The actual deferral percentage for the group of Highly Compensated Employees for any Plan Year shall not exceed the greater of:
Sample 1

Related to Actual Deferral Percentages

  • 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.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Share Class Annual Compensation Rate Class R-1 1.00% Class R-2 0.75% Class R-2E 0.60% Class R-3 0.50% Class R-4 0.25% Class R-5 No compensation paid Class R-5E No compensation paid Class R-6 No compensation paid

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Highly Compensated Employee The term Highly Compensated Employee includes highly compensated active employees and highly compensated former employees.

  • Exclusion from Compensation Calculation By acceptance of this Agreement, you shall be deemed to be in agreement that the Units covered hereby shall be considered special incentive compensation and will be exempt from inclusion as “wages” or “salary” in pension, retirement, life insurance and other employee benefits arrangements of the Company and its Affiliates, except as determined otherwise by the Company. In addition, each of your beneficiaries shall be deemed to be in agreement that all such shares be exempt from inclusion in “wages” or “salary” for purposes of calculating benefits of any life insurance coverage sponsored by the Company or any of its Affiliates.

  • Plan Year Any reference to “

  • 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.

Time is Money Join Law Insider Premium to draft better contracts faster.