Common use of Present Value Clause in Contracts

Present Value. Used for Top-Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 of the Adoption Agreement.

Appears in 4 contracts

Samples: 401(k) Plan Document (East West Bancorp Inc), Adoption Agreement (Shared Technologies Cellular Inc), Adoption Agreement (Professionals Insurance Co Management Group)

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Present Value. Used for Top-Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 the section of the Adoption AgreementAgreement entitled "Limitations on Allocations".

Appears in 1 contract

Samples: Defined Contribution Plan and Trust (First Keystone Corp)

Present Value. Used for Top-Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, . interest and mortality assumptions will be specified in Section 11 of the Adoption Agreement.

Appears in 1 contract

Samples: 401(k) Plan Document (Inventa Technologies Inc)

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Present Value. Used for Top-Top Heavy test and determination purposes, when determining the Present Value of accrued benefits, with respect to any Defined Benefit Plan maintained by the Employer, interest and mortality rates shall be determined in accordance with the provisions of the respective plan. If applicable, interest and mortality assumptions will be specified in Section 11 the section of the Adoption AgreementAgreement entitled "Limitations on Allocations".

Appears in 1 contract

Samples: Profit Sharing Plan (First Keystone Corp)

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