Common use of Aggregate Account Clause in Contracts

Aggregate Account. A participant's aggregate account as of the determination date is the sum of: 1. His participant's account balance as of the most recent valuation occurring within a twelve (12) month period ending on the determination date. 2. Contributions that would be allocated as of a date not later than the determination date, even though those amounts are not yet made or required to be made. 3. Any Plan distributions made within the Plan year that includes the determination date or within the four (4) preceding Plan years. However, in the case of distributions made after the valuation date and prior to the determination date, such dis-tributions are not included as distributions for Top Heavy purposes to the extent that such distributions are already included in the participant's aggregate account balance as of the valuation date. Notwithstanding anything herein to the contrary, all distributions, including distributions made prior to January 1, 1984, will be counted. 4. Any employee contributions, whether voluntary or mandatory. However, amounts attributable to tax deductible qualified employee contributions shall not be considered to be a part of the participants aggregate account balance.

Appears in 1 contract

Samples: Savings and Profit Sharing Plan (Kansas City Life Insurance Co)

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Aggregate Account. A participant's aggregate account as of the determination date is the sum of: 1. His participant's account balance as of the most recent valuation occurring within a twelve (12) month period ending on the determination date. 2. Contributions that would be allocated as of a date not later than the determination date, even though those amounts are not yet made or required to be made. 3. Any Plan distributions made within the Plan year that includes the determination date or within the four (4) preceding Plan years. However, in the case of distributions made after the valuation date and prior to the determination date, such dis-dis- tributions are not included as distributions for Top Heavy purposes to the extent that such distributions are already included in the participant's aggregate account balance as of the valuation date. Notwithstanding anything herein to the contrary, all distributions, including distributions made prior to January 1, 1984, will be counted. 4. Any employee contributions, whether voluntary or mandatory. However, amounts attributable to tax deductible qualified employee contributions shall not be considered to be a part of the participants aggregate account balance.

Appears in 1 contract

Samples: Savings and Profit Sharing Plan (Kansas City Life Insurance Co)

Aggregate Account. A participant's aggregate account as of the determination date is the sum of: 1. His participant's account balance as of the most recent valuation occurring within a twelve (12) month period ending on the determination date. 2. Contributions that would be allocated as of a date not later than the determination date, even though those amounts are not yet made or required to be made. 3. Any Plan distributions made within the Plan year that includes the determination date or within the four (4) preceding Plan years. However, in the case of distributions made after the valuation date and prior to the determination date, such disdistri-tributions butions are not included as distributions for Top Heavy purposes to the extent that such distributions distribu-tions are already included in the participant's aggregate account balance as of the valuation date. Notwithstanding anything herein to the contrary, all distributions, including distributions made prior to January 1, 1984, will be counted. 4. Any employee contributions, whether voluntary or mandatory. However, amounts attributable to tax deductible qualified employee contributions shall not be considered to be a part of the participants participant's aggregate account balance.

Appears in 1 contract

Samples: Employee Stock Plan (Kansas City Life Insurance Co)

Aggregate Account. A participant's aggregate account as of the determination date is the sum of: 1. His participant's account balance as of the most recent valuation occurring within a twelve (12) month period ending on the determination date. 2. Contributions that would be allocated as of a date not later than the determination date, even though those amounts are not yet made or required to be made. 3. Any Plan distributions made within the Plan year that includes the determination date or within the four (4) preceding Plan years. However, in the case of distributions made after the valuation date and prior to the determination date, such dis-tributions distri- butions are not included as distributions for Top Heavy purposes to the extent that such distributions distribu- tions are already included in the participant's aggregate account balance as of the valuation date. Notwithstanding anything herein to the contrary, all distributions, including distributions made prior to January 1, 1984, will be counted. 4. Any employee contributions, whether voluntary or mandatory. However, amounts attributable to tax deductible qualified employee contributions shall not be considered to be a part of the participants participant's aggregate account balance.

Appears in 1 contract

Samples: Employee Stock Plan (Kansas City Life Insurance Co)

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Aggregate Account. A participant's ’s aggregate account as of the determination date is the sum of: 1. His participant's ’s account balance as of the most recent valuation occurring within a twelve (12) month period ending on the determination date. 2. Contributions that would be allocated as of a date not later than the determination date, even though those amounts are not yet made or required to be made. 3. Any Plan distributions made within the Plan year that includes the determination date or within the four (4) preceding Plan years. However, in the case of distributions made after the valuation date and prior to the determination date, such dis-tributions distributions are not included as distributions for Top Heavy purposes to the extent that such distributions are already included in the participant's ’s aggregate account balance as of the valuation date. Notwithstanding anything herein to the contrary, all distributions, including distributions made prior to January 1, 1984, will be counted. 4. Any employee contributions, whether voluntary or mandatory. However, amounts attributable to tax deductible qualified employee contributions shall not be considered to be a part of the participants participant’s aggregate account balance.

Appears in 1 contract

Samples: Kansas City Life Employee Stock Plan (Kansas City Life Insurance Co)

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