Common use of Compensation for the Plan Year of Family Members Clause in Contracts

Compensation for the Plan Year of Family Members. Family Members with respect to such Highly Compensated Employees shall be disregarded as separate employees in determining the Actual Deferral Percentage both for Eligible Participants who are Nonhighly Compensated Employees and for Eligible Participants who are Highly Compensated Employees.

Appears in 9 contracts

Samples: Prototype Defined Contribution Plan Adoption Agreement (MSC Industrial Direct Co Inc), Defined Contribution Plan (Innerdyne Inc), Prototype Defined Contribution Plan Adoption Agreement (Labor Ready Inc)

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Compensation for the Plan Year of Family Members. Family Members with respect to such Highly Compensated Employees shall be disregarded as separate employees in determining the Actual Deferral Contribution Percentage both for Eligible Participants who are Nonhighly Compensated Employees and for Eligible Participants who are Highly Compensated Employees.

Appears in 4 contracts

Samples: Prototype Defined Contribution Plan Adoption Agreement (Labor Ready Inc), 401(k) Plan Adoption Agreement (Sterling Financial Corp /Wa/), Defined Contribution Plan (White Mountains Insurance Group Inc)

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Compensation for the Plan Year of Family Members. Family Members with respect to such of Highly Compensated Employees shall will be disregarded as separate employees Employees in determining the Actual Deferral Contribution Percentage both for Eligible Participants Employees who are Nonhighly Non-Highly Compensated Employees and for Eligible Participants Employees who are Highly Compensated Employees.

Appears in 1 contract

Samples: Profit Sharing 401(k) Plan (Union Bankshares LTD)

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