Paired Plans. 1.10 ARTICLE II, EMPLOYEE PARTICIPANTS 2.01 Eligibility..................................................................................2.01 2.02 Year of Service - Participation..............................................................2.01 2.03 Break in Service - Participation.............................................................2.01 2.04 Participation upon Re-employment.............................................................2.02 2.05 Change in Employee Status....................................................................2.02 2.06 Election Not to Participate..................................................................2.02
Paired Plans. Two (2) or more plans which are either a combination of two (2) or more standardized Defined Contribution Plans or a combination of one (1) or more standardized Defined Contribution Plan(s) and one (1) Defined Benefit Plan offered by the same sponsor, which have been designed so that any single Plan, or combination of Plans adopted by an Employer, where each Plan by itself or the Plans together will meet the requirements of the antidiscrimination rules, the contribution and benefit limitations, and the Top-Heavy provisions of Code Sections 401(a)(4), 415 and 416.
Paired Plans. Two or more Plans maintained by the Sponsor designed so that a single or any combination of Plans adopted by an Employer will meet the antidiscrimination rules, the contribution and benefit limitations, and the Top-Heavy provisions of the Code.
Paired Plans. Two Defined Contribution Plans or one or two Defined Contribution Plans and one Defined Benefit Plan, provided that all such plans use the format of this Prototype Plan or the Xxxxxxx Xxxxx Defined Benefit Plan and Trust.
Paired Plans. If the Employer adopts more than one Standardized Agreement, each of the Standardized Agreements are considered to be Paired Plans, provided the Employer completes Part 13, #54 of the Agreement [Part 13, #72 of the 401(k) Agreement] in a manner which ensures the plans together comply with the Annual Additions Limitation, as described in Article 7, and the Top-Heavy Plan rules, as described in Article 16. If the Employer adopts Paired Plans, each Plan must have the same Plan Year.
Paired Plans. “Paired Plans” mean either (a) a combination of a money purchase plan and a profit sharing plan, both of which use this Prototype Plan, or (b) a combination of a defined benefit standardized form plan and this Plan.
Paired Plans. If an Employer adopts paired profit sharing and money purchase pension plans using this basic plan document, the Adoption Agreement for the money purchase pension plan must provide for a contri- bution rate of at least 3 percent of each Eligible Participant’s Compensation for the Plan Year (unless the Employer has elected a contribution rate of zero
Paired Plans. 1.10 ARTICLE II, EMPLOYEE PARTICIPANTS 2.01 Eligibility . . . . . . . . . . . . . . . . . . . . . . . 2.01 2.02 Year of Service - Participation . . . . . . . . . . . . . 2.01 2.03 Break in Service - Participation . . . . . . . . . . . . . 2.01 2.04 Participation upon Re-employment . . . . . . . . . . . . . 2.01 2.05 Change in Employee Status . . . . . . . . . . . . . . . . 2.02 2.06 Election Not to Participate . . . . . . . . . . . . . . . 2.02 ARTICLE III, EMPLOYER CONTRIBUTIONS AND FORFEITURES
Paired Plans. Notwithstanding anything in the Plan to the contrary, if the Employer maintains two plans which are Paired Plans, only one may contain an allocation, as elected in the Adoption Agreement, utilizing permitted disparity as defined in Code Section 401(l).
Paired Plans. 14 2.46 Participant...................................................... 14 2.47
