Common use of Single Plan Minimum Top-Heavy Allocation Clause in Contracts

Single Plan Minimum Top-Heavy Allocation. For purposes of minimum top-heavy allocations, contributions and forfeitures equal to the following percentage of each non-Key Employee's compensation will be allocated to the Employee's account when the Plan is top-heavy (Select one):

Appears in 4 contracts

Samples: Adoption Agreement for a Profit Sharing Plan (Main Street Banks Inc /New/), Adoption Agreement (Anthra Pharmaceuticals Inc), Adoption Agreement (Security Associates International Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!