ESTIMATION OF MAXIMUM PERMISSIBLE AMOUNT. Prior to determining the Participant’s actual Annual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount on the basis of a reasonable estimation of the Participant’s Annual Compensation for such Limitation Year, uniformly determined for all Participants similarly situated. As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for the Limitation Year shall be determined on the basis of the Participant’s actual Annual Compensation for such Limitation Year.
Appears in 7 contracts
Samples: 401(k) Savings Investment Plan (Furmanite Corp), 401(k) Savings Investment Plan Amendment (Furmanite Corp), 401(k) Savings Plan (Quanex Corp)
ESTIMATION OF MAXIMUM PERMISSIBLE AMOUNT. Prior to determining the Participant’s 's actual Annual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount on the basis of a reasonable estimation of the Participant’s 's Annual Compensation for such Limitation Year, uniformly determined for all Participants similarly situated. As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for the Limitation Year shall be determined on the basis of the Participant’s 's actual Annual Compensation for such Limitation Year.
Appears in 7 contracts
Samples: Hourly Bargaining Unit Employees Savings Plan (Quanex Corp), 401(k) Savings Plan Amendment and Restatement (Quanex Corp), Employee Savings Plan (Quanex Corp)
ESTIMATION OF MAXIMUM PERMISSIBLE AMOUNT. Prior to determining the Participant’s Member's actual Annual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount on the basis of a reasonable estimation of the Participant’s Member's Annual Compensation for such Limitation Year, uniformly determined for all Participants Members similarly situated. As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for the Limitation Year shall be determined on the basis of the Participant’s Member's actual Annual Compensation for such Limitation Year.
Appears in 5 contracts
Samples: 401(k) Savings Plan (Mens Wearhouse Inc), 401(k) Savings Plan Amendment and Restatement (Mens Wearhouse Inc), 401(k) Savings Plan (Kaneb Services LLC)
ESTIMATION OF MAXIMUM PERMISSIBLE AMOUNT. Prior to determining the ParticipantMember’s actual Annual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount on the basis of a reasonable estimation of the ParticipantMember’s Annual Compensation for such Limitation Year, uniformly determined for all Participants Members similarly situated. As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for the Limitation Year shall be determined on the basis of the ParticipantMember’s actual Annual Compensation for such Limitation Year.
Appears in 1 contract
