STANDARDIZED PLAN Sample Clauses
The Standardized Plan clause establishes a uniform framework or set of procedures that must be followed by all parties involved in a contract or agreement. Typically, this clause outlines specific steps, documentation, or formats that must be used when submitting proposals, reports, or other required materials. By mandating consistency in processes and documentation, the clause ensures clarity, reduces misunderstandings, and streamlines collaboration between parties.
STANDARDIZED PLAN. If the Employer's Plan is a Standardized Plan, the Plan operates as a deemed top heavy plan in all Plan Years, except, if the Standardized Plan includes a Code Section 401(k) arrangement, the Employer may elect to apply the top heavy requirements only in Plan Years for which the Plan actually is top heavy. Under a deemed top heavy plan, the Advisory Committee need not determine whether the Plan actually is top heavy. However, if the Employer, in Adoption Agreement Section 3.18, elects to override the 100% limitation, the Advisory Committee will need to determine whether a deemed top heavy Plan's top heavy ratio for a Plan Year exceeds 90%.
STANDARDIZED PLAN. If the Plan is a Standardized Plan, a Participant who is employed by the Employer on the last day of a Plan Year will share in the allocation of Employer Contributions for that Plan Year without regard to the Participant's Hours of Service completed during that Plan Year.
STANDARDIZED PLAN. If the Employer's Plan is a Standardized Plan, the Plan limits the elective crediting of past Predecessor Employer Service to the period which does not exceed 5 years immediately preceding the year in which an amendment crediting such service becomes effective, such credit must be granted to all Employees on a reasonably uniform basis, and the crediting must otherwise comply with Treas. Reg. §1.401(a)(4)-5(a)(3).
STANDARDIZED PLAN. If the Employer's Plan is a Standardized Plan, the Plan operates as a deemed top heavy plan in all Plan Years, except, if the Standardized Plan includes a Code (S)401(k) arrangement, the Employer may elect to apply the top heavy requirements only in Plan Years for which the Plan actually is top heavy. Under a deemed top heavy plan, the Advisory Committee need
STANDARDIZED PLAN. If the Employer's Plan is a Standardized Plan, the Plan operates as a top heavy plan in all Plan Years and the Advisory Committee need not determine whether the Plan actually is top heavy. However, if the Employer, in Adoption Agreement Section 3.18, elects to override the 100% limitation, the Advisory Committee will need to determine whether the Plan's top heavy ratio for a Plan Year exceeds 90%.
STANDARDIZED PLAN. 6 (B) Definitions........................................... 6 1.34