Common use of Top-Heavy Ratio Clause in Contracts

Top-Heavy Ratio. If the adopting Employer maintains or has ever maintained a qualified defined benefit plan, for purposes of establishing present value to compute the top-heavy ratio, any benefit shall be discounted only for mortality and interest based on the following: Interest rate: % (insert a reasonable interest rate) Mortality table: (insert a reasonable mortality table)

Appears in 2 contracts

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Colfax CORP), 401(k) Profit Sharing Plan Adoption Agreement (SXC Health Solutions Corp.)

Top-Heavy Ratio. If the adopting Employer maintains or has ever maintained a qualified defined benefit plan, for purposes of establishing present value to compute the top-heavy ratio, any benefit shall be discounted only for mortality and interest based on the following: Interest rate: % (insert a reasonable interest rate, based on the terms of the defined benefit plan) Mortality table: (insert a reasonable mortality table, based on the terms of the defined benefit plan)

Appears in 1 contract

Sources: Adoption Agreement (Aecom)

Top-Heavy Ratio. If the adopting Employer maintains or has ever maintained a qualified defined benefit plan, for purposes of establishing present value to compute the top-heavy ratio, any benefit shall be discounted only for mortality and interest based on the following: Interest rate: 8 % (insert a reasonable interest rate) Mortality table: UP β€˜84 (insert a reasonable mortality table)

Appears in 1 contract

Sources: Defined Contribution Plan and Trust (Triad Guaranty Inc)

Top-Heavy Ratio. If the adopting Employer maintains or has ever maintained a qualified defined benefit plan, for purposes of establishing present value to compute the top-heavy ratio, any benefit shall be discounted only for mortality and interest based on the following: Interest rate: 8% (insert a reasonable interest rate) Mortality table: UP '84 (insert a reasonable mortality tablerate)

Appears in 1 contract

Sources: Adoption Agreement (Books a Million Inc)

Top-Heavy Ratio. If the adopting Employer maintains or has ever maintained a qualified defined benefit plan, for purposes of establishing present value to compute the top-heavy ratio, any benefit shall be discounted only for mortality and interest based on the following: Interest rate: 8% (insert a reasonable interest rate) Mortality table: UP β€˜84 (insert a reasonable mortality table)

Appears in 1 contract

Sources: 401(k) Profit Sharing Plan Adoption Agreement (Atlas America Inc)