Common use of ADP Clause in Contracts

ADP. The Applicable Contribution Rate of an ADP Participant who is an NHCE for the ADP test is the sum of the NHCE's QNECs and QMACs used in the ADP test, divided by the NHCE's Compensation.

Appears in 3 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc), 401(k) Profit Sharing Plan (Nci Building Systems Inc), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

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ADP. The Applicable Contribution Rate of an ADP Participant who is an NHCE for the ADP test is the sum of the NHCE's ’s QNECs and QMACs used in the ADP test, divided by the NHCE's ’s Compensation.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Knowles Corp)

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