Common use of Minimum Employer Contribution Under Top-Heavy Plans Clause in Contracts

Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures as allocated to eligible Employees under sections 7(e), 7(f) and 9 of this Adoption Agreement shall not be less than the amount required under paragraph 14.2 of the Plan. Top-Heavy minimums will be allocated to: [X] (i) all eligible Participants. [ ] (ii) only eligible non-Key Employees who are Participants. 7. (i) Return of Excess Contributions and/or Excess Aggregate Contributions: In the event that one or more Highly-Compensated Employees is subject to both the ADP and ACP tests and the sum of such tests exceeds the Aggregate Limit, the limit will be satisfied by reducing the ADP and/or ACP of the affected Highly Compensated Employees.

Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures as allocated to eligible Employees under sections paragraphs 7(d), 7(e), 7(f) and 9 of this Adoption Agreement shall not be less than the amount required under paragraph 14.2 of the PlanBasic Plan Document #03. Top-Heavy minimums will be allocated to: [X] : (i) all All eligible Participants. [ ] (ii) only Only eligible non-Key Employees who are Participants. 7. (i) Return of Excess Contributions and/or Excess Aggregate Contributions: In the event that one or more Highly-Highly Compensated Employees Employee is subject to both the ADP and ACP tests and the sum of such tests exceeds the Aggregate Limit, the limit will be satisfied by reducing the ADP and/or ACP of the affected Highly Compensated Employees.

Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures as allocated to eligible Employees under sections paragraphs 7(d), 7(e), 7(f) and 9 of this Adoption Agreement shall not be less than the amount required under paragraph 14.2 of the PlanBasic Plan Document #04. Top-Heavy minimums will be allocated to: [X[ ] (i) all eligible Participants. [ ]. (ii) only eligible non-Key Employees who are Participants. 7. (i) Return of Excess Contributions and/or Excess Aggregate Contributions: In the event that one or more Highly-Highly Compensated Employees is subject to both the ADP and ACP tests and the sum of such tests exceeds the Aggregate Limit, the limit will be satisfied by reducing the ADP and/or ACP of the affected Highly Compensated Employees.

Minimum Employer Contribution Under Top-Heavy Plans. For any Plan Year during which the Plan is Top-Heavy, the sum of the contributions and forfeitures as allocated to eligible Employees under sections paragraphs 7(d), 7(e), 7(f) ), and 9 of this Adoption Agreement shall not be less than the amount required under paragraph 14.2 of the PlanBasic Plan Document #04. Top-Heavy minimums will be allocated to: [X] : (i) all eligible Participants. [ ] [X] (ii) only eligible non-Key Employees who are Participants. 7. (i) Return of Excess Contributions and/or Excess Aggregate Contributions: In the event that one or more Highly-Highly Compensated Employees is subject to both the ADP and ACP tests and the sum of such tests exceeds the Aggregate Limit, the limit will be satisfied by reducing the ADP and/or ACP of the affected Highly Compensated Employees.