Common use of Highest Average Compensation Clause in Contracts

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 6 contracts

Samples: Prototype Defined Contribution Plan (1st Constitution Bancorp), Prototype Defined Contribution Plan (Wellesley Bancorp, Inc.), Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc)

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Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the The average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) -consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 5 contracts

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

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.1221.117.

Appears in 4 contracts

Samples: Prototype Defined Contribution Plan (United Community Bancorp), Prototype Defined Contribution Plan (FNB United Corp.), Century Bancorp Inc

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the average Compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.1221.111.

Appears in 2 contracts

Samples: Participation Agreement (Sterling Chemicals Inc), Sterling Chemicals Inc

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the The average Compensation compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) -consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 1 contract

Samples: First Keystone Corp

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Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the The average Compensation for the three (3) consecutive Years years of Service service with the Employer that produces the highest average. A Year year of Service service with the Employer is the twelve (12) 12 consecutive month period corresponding to the Plan Year as defined in Section A-1. 54 of the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 1 contract

Samples: PCB Holding Co

Highest Average Compensation. For Limitation Years beginning before January 1, 2000, the The average Compensation compensation for the three (3) consecutive Years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) 12 consecutive month period defined in the Adoption Agreement, or, if not indicated in the Adoption Agreement, as defined in paragraph 1.122.

Appears in 1 contract

Samples: First Keystone Corp

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