Common use of Family Member Correction Clause in Contracts

Family Member Correction. To the extent any reduction is necessary with respect to an HCE and his or her Family Members that have been combined and treated for testing purposes as a single Employee, the excess Deferrals and Contributions from the ADP and/or ACP Test shall be prorated among each such Participant in direct proportion to his or her Deferrals or Contributions included in each Test.

Appears in 8 contracts

Samples: Plan and Trust Agreement (Roadway Services Inc), Employee Stock Savings Plan (La Gear Inc), Employees' Savings Plan and Trust Agreement (Timken Co)

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Family Member Correction. To the extent any reduction is necessary with respect to an HCE and his or her Family Members that have been combined and treated for testing purposes as a single Employee, the excess Deferrals and Contributions from the ADP and/or ACP Test shall be prorated among each such Participant in 35 11/17/95 direct proportion to his or her Deferrals or Contributions included in each Test.

Appears in 1 contract

Samples: Savings Plan and Trust Agreement (Nipsco Industries Inc)

Family Member Correction. To the extent any reduction is necessary with respect to an a HCE and his or her Family Members that have been combined and treated for testing purposes as a single Employee, the excess Deferrals and Contributions from the ADP and/or ACP Test shall be prorated among each such Participant in direct proportion to his or her Deferrals or Contributions included in each Test.

Appears in 1 contract

Samples: Financial Security Plan and Trust Agreement (Caliber System Inc)

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Family Member Correction. To the extent any reduction is necessary with respect to an HCE and his or on her Family Members that have been combined and treated for testing purposes as a single Employee, the excess Deferrals and Contributions from the ADP and/or ACP Test shall be prorated among each such Participant in direct proportion to his or her hen Deferrals or Contributions included in each Test.

Appears in 1 contract

Samples: Savings Plan Amendment (New Nisource Inc)

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