Common use of CALCULATION OF ADP Clause in Contracts

CALCULATION OF ADP. The ADP for either group is the average of the separate ADRs calculated to the nearest one-hundredth of one percent for each ADP Participant who is a member of that group. The Plan Administrator will include in the ADP test as a zero an ADP Participant who elects not to make Elective Deferrals to the Plan for the Testing Year.

Appears in 3 contracts

Samples: Adoption Agreement (Knowles Corp), Participation Agreement (Nci Building Systems Inc), Plan and Trust Agreement (Finisar Corp)

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CALCULATION OF ADP. The ADP for either group is the average of the separate ADRs calculated to the nearest one-hundredth one‑hundredth of one percent for each ADP Participant who is a member of that group. The Plan Administrator will include in the ADP test as a zero an ADP Participant who elects not to make Elective Deferrals to the Plan for the Testing Year.

Appears in 1 contract

Samples: Plan and Trust Agreement (Bob Evans Farms Inc)

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