ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS Sample Clauses

ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS. In the event that the initial allocations of the Employer's Elective Contributions made pursuant to Section 4.4 do not satisfy one of the tests set forth in Section 4.5(a) for Plan Years beginning after December 31, 1986, the Administrator shall adjust Excess Contributions pursuant to the options set forth below:
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ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS. (a) In the event (or, with respect to subsection (c) when the Prior Year Testing method is being used, if it is anticipated) that for Plan Years beginning after December 31, 1996, the Plan does not satisfy one of the tests set forth in Section 12.4, the Administrator shall adjust Excess Contributions or the Employer shall make contributions pursuant to the options set forth below or any combination thereof. However, if the Prior Year testing method is being used and it is anticipated that the Plan might not satisfy one of such tests, then the Employer may make contributions pursuant to the options set forth in subsection (c) below.
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ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS. (a) On or before the fifteenth day of the third month following the end of each Plan Year, but in no event later than the close of the following Plan Year, the Committee may distribute to each Highly Compensated Participant, beginning with the Participant having the largest share of the Company Elective Contribution for the Plan Year, his portion of the excess contribution (and any income allocable to such portion) until one of the tests set forth in Section 5.10.2 or the combined test in Section 5.10.2A is satisfied.
Sample 1
ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS. In the event that the initial allocations of the Employer's Elective Contributions made pursuant to Section 4.04 do not satisfy one of the tests set forth in Section 4.05(a) for Plan Years beginning after December 31, 1986, the Administrator shall adjust Excess Contributions pursuant to the options set forth below:
Sample 1
ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS. In the event that -- ---------------------------------------------- the initial allocations of the Salary Reduction Contributions do not satisfy one of the tests set forth in subparagraph 7. A., the Administrator -- - shall adjust Excess Contributions (i.e., Salary Reduction Contributions in excess of the limits established by the tests set forth in subparagraph 7. -- A.) as set forth below: --
Sample 1
ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS. (a) Authority to correct. In the event the Plan does not satisfy one of the tests set forth in Section 12.4, the Administrator shall adjust Excess Contributions or, if the current year testing method is being used, the Employer shall make contributions pursuant to the options set forth below or any combination thereof.
Sample 1

Related to ADJUSTMENT TO ACTUAL DEFERRAL PERCENTAGE TESTS

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

  • 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.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

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

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • 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.

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