Common use of Basic Test Clause in Contracts

Basic Test. The Average Deferral Percentage for Participants who are Highly Compensated Employees for the Plan Year is not more than 1.25 times the Average Deferral Percentage for Participants who are non-Highly Compensated Employees for the same Plan Year, or

Appears in 9 contracts

Samples: East West Bancorp Inc, Non Standardized Adoption Agreement (Princeton Review Inc), Adoption Agreement (Shared Technologies Cellular Inc)

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Basic Test. The Average Deferral Percentage for Participants who are Highly Compensated Employees for the Plan Year is not more than 1.25 times the Average Deferral Percentage for Participants who are non-non Highly Compensated Employees for the same Plan Year, or

Appears in 1 contract

Samples: First Keystone Corp

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Basic Test. The Average Deferral Percentage for Participants who are Highly Compensated Employees for the Plan Year is not more than 1.25 times the Average Deferral Percentage for Participants who w ho are nonNon-Highly Compensated Employees for the same Plan Year, or

Appears in 1 contract

Samples: Standarized Adoption Agreement (Oregon Trail Financial Corp)

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