Common use of Permissive Aggregation Group Clause in Contracts

Permissive Aggregation Group. “Permissive Aggregation Group” means the Required Aggregation Group plus any other qualified plans of the Employer or an Affiliated Employer which, when considered as a group with the Required Aggregation Group, would continue to satisfy the requirements of Code sections 401(a)(4) and 410.

Appears in 2 contracts

Samples: www.fidelity.com, www.fidelity.com

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Permissive Aggregation Group. The term Permissive Aggregation Group” Group means the a Required Aggregation Group plus any other qualified plans of the Employer or an Affiliated Employer which, plan(s) which when considered as a group with the Required Aggregation Group, Group would continue to satisfy the requirements of Code sections §401(a)(4) and §410.

Appears in 1 contract

Samples: Agreement (Provident Bancorp Inc/Ny/)

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Permissive Aggregation Group. A Permissive Aggregation Group” means the Required Aggregation Group plus any other qualified is a group of plans of the Employer or an Affiliated Employer Employing Companies and Related Employers that are not required to be aggregated under Section 15.1E above but which, when considered as a group with the Required Aggregation Groupgroup, would continue to satisfy the requirements of Code sections Sections 401(a)(4) and 410410 of the Internal Revenue Code.

Appears in 1 contract

Samples: Vulcan Materials (Vulcan Materials Co)

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