Common use of Alternative Limitation Clause in Contracts

Alternative Limitation. The HCE Group Average Percentage is limited by reference to the NHCE Group Average Percentage as follows: If the NHCE Group Average Percentage is: Then the Maximum HCE Group Average Percentage is: Less than 2% 2% to 8% More than 8% 2 times NHCE Group Average % NHCE Group Average % plus 2% NA - Basic Limitation applies Alternatively, the Company may elect to use the Plan Year's ADP for the NHCE Group for the Plan Year and/or the Plan Year's ACP for the NHCE Group for the Plan Year. If such election is made, such election may not be changed except as provided by the Code.

Appears in 1 contract

Samples: Salaried Savings Plan and Trust Agreement (Longview Fibre Co)

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Alternative Limitation. The HCE Group Average Percentage is limited by reference to the NHCE Group Average Percentage as follows: If the NHCE Group Then the Maximum HCE Average Percentage is: Then the Maximum HCE Group Average Percentage is: ---------------------- ---------------------------- Less than 2% 2% to 8% More than 8% 2 times NHCE Group Average % 2% to 8% NHCE Group Average % plus 2% More than 8% NA - Basic Limitation applies Alternatively, the Company may elect to use the Plan Year's ADP for the NHCE Group for the Plan Year and/or the Plan Year's ACP for the NHCE Group for the Plan Year. If such election is made, such election may not be changed except as provided by the Code.

Appears in 1 contract

Samples: 401(k) Maximum Advantage Program and Trust Agreement (Gerber Scientific Inc)

Alternative Limitation. The HCE Group Average Percentage is limited by reference to the NHCE Group Average Percentage as follows: If the NHCE Group Average Percentage is: Then the Maximum HCE Group Average Percentage is: Less than 2% 2% to 8% More than 8% 2 times NHCE Group Average % NHCE Group Average % plus 2% NA - Basic Limitation applies Alternatively, the Company may elect to use the Plan Year's ADP for the NHCE Group for the Plan Year and/or the Plan YearPlan's Years ACP for the NHCE Group for the Plan Year. If such election is made, such election may not be changed except as provided by the Code.

Appears in 1 contract

Samples: 401(k) Plan and Trust Agreement (Longview Fibre Co)

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Alternative Limitation. The HCE Group Average Percentage is limited by reference to the NHCE Group Average Percentage as follows: If the IF THE NHCE Group Average Percentage isGROUP THEN THE MAXIMUM HCE AVERAGE PERCENTAGE IS: Then the Maximum HCE Group Average Percentage isGROUP AVERAGE PERCENTAGE IS: Less than 2% 2% to 8% More than 8% 2 times NHCE Group Average % 2% to 8% NHCE Group Average % plus 2% More than 8% NA - Basic Limitation applies Alternatively, the Company may elect to use the Plan Year's ADP for the NHCE Group for the Plan Year and/or the Plan Year's ACP for the NHCE Group for the Plan Year. If such election is made, such election may not be changed except as provided by the Code.

Appears in 1 contract

Samples: Savings Plan and Trust Agreement (Riviana Foods Inc /De/)

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