Applicable Contribution Rate Clause Samples
The Applicable Contribution Rate clause defines the specific percentage or amount that a party is required to contribute under an agreement, such as for employee benefits, retirement plans, or shared project costs. This clause typically outlines how the rate is determined—whether it is fixed, variable, or subject to periodic adjustment—and may reference external benchmarks or regulatory requirements. Its core practical function is to ensure clarity and consistency in financial obligations, preventing disputes by clearly specifying each party’s contribution responsibilities.
Applicable Contribution Rate. The term “Applicable Contribution Rate,” for a Participant who is a Non-Highly Compensated Employee, means (a) for purposes of the ADP Test, the sum of the Qualified Matching Contributions used in the ADP Test for the Participant who is a Non-Highly Compensated Employee for the Plan Year and the Qualified Non-Elective Contributions made for the Participant who is a Non-Highly Compensated Employee for the Plan Year, divided by the Participant’s Code §414(s) Compensation for the Plan Year; and (b) for purposes of the ACP Test, the sum of the Matching Contributions used under the Contribution Percentage Amounts for the Participant who is a Non-Highly Compensated Employee for the Plan Year and the Qualified Non-Elective Contributions made for the Participant who is a Non-Highly Compensated Employee for the Plan Year, divided by the Participant’s Code §414(s) Compensation for the Plan Year.
Applicable Contribution Rate. 4.10(D)(1)(b) Applicable Law. 1.08
Applicable Contribution Rate. 4.10(D)(1)(b)
Applicable Contribution Rate. 4.10(D)(1)(b) Applicable Defined Contribution Plan. 7.11(A)(1) Applicable Individual/Deferrals. 7.11(B)(1) Applicable Individual/Employer Contributions. 7.11(C)(1) Applicable Percentage. 6.04(A)(8)(b) Associated Matching Contribution. 3.07(A)(1)(b) Automatic Contribution Arrangement (ACA). 3.02(B)(1) Automatic Deferral. 1.21(C), 3.02(B)(4)(a) Automatic Deferral Percentage/Increases. 3.02(B)(4)(b) Automatic Rollover. 6.08(D) Basic Matching Contribution. 1.35(E), 3.05(E)(4)