Common use of Minimum Top-Heavy Allocation Clause in Contracts

Minimum Top-Heavy Allocation. For purposes of minimum Top-Heavy allocations, an allocation of contributions and Forfeitures equal to the following percentage of each Non-Key Employee's Compensation will be made to the Employee's Account when the Plan is Top-Heavy: (Must select a. or b., may also select c. or d.) ☐ a. The lesser of 3% or the highest percentage allocated to any Key Employee. ☐ b. ☐ c. Members of a collective bargaining group shall not receive Top-Heavy minimum allocation.

Minimum Top-Heavy Allocation. For purposes of minimum Top-Heavy allocations, an allocation of contributions and Forfeitures equal to the following percentage of each Non-Key Employee's ’s Compensation will be made to the Employee's ’s Account when the Plan is Top-Heavy: (Must select a. or b., may also select c. or d.) ☐ a. The lesser of 3% or the highest percentage allocated to any Key Employee. ☐ b. ☐ c. Members of a collective bargaining group shall not receive Top-Heavy minimum allocation.)

Minimum Top-Heavy Allocation. For purposes of minimum Top-Heavy allocations, an allocation of contributions and Forfeitures equal to the following percentage of each Non-Key Employee's Compensation will be made to the Employee's Account when the Plan is Top-Heavy: (Must select a. or b., may also select c. or d.) ☐ a. The lesser of 3% or the highest percentage allocated to any Key Employee. ☐ b. ☐ c. Members of a collective bargaining group shall not receive Top-Heavy minimum allocation. ☐ d. Provide Top-Heavy minimum allocation to Key Employees.