Pairing Requirements Sample Clauses

Pairing Requirements. If an Employer adopts two or more defined contribution plans by executing Adoption Agreements pursuant to this Plan or another prototype plan for which the Mass Submitter is the same, the following provisions shall apply: (a) Only one of the Adoption Agreements may provide for permitted disparity by integration with Social Security. (b) For each Plan Year in which the paired plans are top-heavy the Employer shall provide a minimum contribution equal to three (3%) percent of Compensation for each Non-Key Employee (i) under the paired plan designated by the Employer in the Adoption Agreement if the plans benefit the same Participants, or in the case of a plan subject to Code Section 401(k) or 401(m), the same Participants are eligible to make elective deferrals or employee contributions, or (ii) under both paired plans if the plans benefit the same participants. Note: The same eligibility requirements in Section A of the Adoption Agreement must be selected. (c) In any Plan Year in which the paired plans are top-heavy, i.e. the top-heavy ratio exceeds sixty (60%) percent, the denominators of the defined benefit fraction and defined contribution fraction in Section 3.2.1(d) shall be computed by multiplying the dollar limitation by 1.0 instead of by 1.25. 44 77
Sample 1
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Pairing Requirements. If an Employer adopts either a combination of two defined contribution standardized form plans or a combination of one or two defined contribution standardized form plans and one defined benefit standardized form plan by executing Adoption Agreements pursuant to this Plan or another prototype plan for which the Mass Submitter is the same, the provisions of Sections 2.6.1 and 2.6.2 shall apply as well as the following: (a) Only one of the Adoption Agreements may provide for permitted disparity and if one of the paired plans is a defined benefit plan that includes a final pay limitation as described in section 401(a)(5)(D) of the Code, then the paired defined contribution plans may not provide for disparity in contributions. (b) In any Plan Year in which the paired plans are Top-Heavy the Employer may choose to provide the Top-Heavy minimum in each of the paired plans (Option A), or in one of the paired plans if the paired plans benefit the same participants (Option B). For Limitation Years beginning before January 1, 2000, the Employer can choose between two methods when implementing Option A or Option B described in the following paragraphs. (c) Option A - All plans paired with this Plan shall receive the Top-Heavy Minimum.
Sample 1
Pairing Requirements. If an Employer adopts two or more defined contribution plans by executing Adoption Agreements pursuant to this Plan or another prototype plan for which the Mass Submitter is the same, the following provisions shall apply:
Sample 1

Related to Pairing Requirements

  • Trunking Requirements The Parties will provide designed Interconnection facilities that meet the same technical criteria and service standards, such as probability of blocking in peak hours and transmission standards, in accordance with current industry standards.

  • Monitoring Requirements This Schedule sets out the contract management requirements which are applicable to the delivery of the Services.

  • Staffing Requirements Licensee will be in full compliance with the main studio staff requirements as specified by the FCC.

  • Filing Requirements Escrow securities will not be released under this Part until the Issuer does the following: (a) at least 20 days before the date of the first release of escrow securities under the new release schedule, files with the securities regulators in the jurisdictions in which it is a reporting issuer (i) a certificate signed by a director or officer of the Issuer authorized to sign stating (A) that the Issuer has become an established issuer by satisfying one of the conditions in section 3.1 and specifying the condition, and (B) the number of escrow securities to be released on the first release date under the new release schedule, and (ii) a copy of a letter or other evidence from the exchange or quotation service confirming that the Issuer has satisfied the condition to become an established issuer; and (b) at least 10 days before the date of the first release of escrow securities under the new release schedule, issues and files with the securities regulators in the jurisdictions in which it is a reporting issuer a news release disclosing details of the first release of the escrow securities and the change in the release schedule, and sends a copy of such filing to the Escrow Agent.

  • Testing Requirements 12.1. Workplaces - 12.2. On workplaces where the value of the Commonwealth’s contribution to the project that includes the building work is at least $5,000,000, and represents at least 50% of the total construction project value or the Commonwealth’s contribution to the project that includes the building work is at least $10,000,000 (irrespective of its proportion of the total construction project value) the following minimum testing requirements must be adhered to.

  • Listing Requirements The Company shall not be obligated to deliver any certificates representing any shares until all applicable requirements imposed by federal and state securities laws and by any stock exchanges upon which the shares may be listed have been fully met.

  • Screening Requirements Practitioner shall ensure that all prospective and current Covered Persons are not Ineligible Persons, by implementing the following screening requirements. a. Practitioner shall screen all prospective Covered Persons against the Exclusion List prior to engaging their services and, as part of the hiring or contracting process, shall require such Covered Persons to disclose whether they are Ineligible Persons.‌ b. Practitioner shall screen all current Covered Persons against the Exclusion List within 30 days after the Effective Date and on a monthly basis thereafter.‌ c. Practitioner shall require all Covered Persons to disclose immediately if they become an Ineligible Person.‌ Practitioner shall maintain documentation in order to demonstrate that Practitioner: (1) has checked the Exclusion List (i.e., a print screen of the search results) and determined that its Covered Persons are not Ineligible Persons; and (2) has required its Covered Persons to disclose if they are an Ineligible Person. Nothing in this Section III.D affects Practitioner’s responsibility to refrain from (and liability for) billing Federal health care programs for items or services furnished, ordered, or prescribed by an excluded person. Practitioner understands that items or services furnished by excluded persons are not payable by Federal health care programs and that Practitioner may be liable for overpayments and/or criminal, civil, and administrative sanctions for employing or contracting with an excluded person regardless of whether Practitioner meets the requirements of Section III.D.

  • Closing Requirements Closing shall occur after approval of title commitment, as described hereinabove. a) At closing, Seller shall do the following: 1. Duly execute, acknowledge and deliver to Buyer, a Quit Claim Deed conveying the Property to Buyer, free and clear of all liens, claims, pledges and encumbrances. b) At closing, Buyer shall do the following: 1. Execute and provide at closing, all documents reasonably required by the City for closing. 2. Tender payment at closing for the purchase price and all associated closing costs described herein.

  • Vesting Requirements The vesting of this Award (other than pursuant to accelerated vesting in certain circumstances as provided in Section 3 below or vesting pursuant to Section 6 below) shall be subject to the satisfaction of the conditions set forth in each of subsections A and B, as applicable, and, in each case, subsection C of this Section 2:

  • Bonding Requirements The Contractor is required to furnish a performance bond on the form in a form acceptable to the City, in a sum of not less than [insert bonding level] of the annual amount of the contract to guarantee the faithful performance of this contract. The bond must be approved as to sufficiency and qualifications of the surety by the Controller.

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