Average Annual Compensation. The average of a Participant’s annual Compensation as defined in paragraph 1.16 of this Basic Plan Document #01, over the three (3) consecutive Plan Year period ending in either the current year or any prior year that produces the highest average. If the Participant has fewer than three (3) years of participation in this Plan, Compensation is averaged over the Participant’s total period of participation.
Appears in 7 contracts
Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (Idt Corp), 401(k) Defined Contribution Plan (Measurement Specialties Inc)
Average Annual Compensation. The average of a Participant’s 's annual Compensation as defined in paragraph 1.16 of this Basic Plan Document #01, over the three (3) consecutive Plan Year period ending in either the current year or any prior year that produces the highest average. If the Participant has fewer than three (3) years of participation in this Plan, Compensation is averaged over the Participant’s 's total period of participation.
Appears in 5 contracts
Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Defined Contribution Plan (Thomasville Bancshares Inc), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)
