Common use of Top-Heavy Ratio Clause in Contracts

Top-Heavy Ratio. For purposes of establishing the present value of benefits under a defined benefit plan to compute the top-heavy ratio as described in Section 10.08(C) of the Plan, any benefit shall be discounted only for mortality and interest based on the following (Choose one):

Appears in 3 contracts

Sources: Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Metretek Technologies Inc), 401(k) Profit Sharing Plan Adoption Agreement (Compdent Corp), Qualified Retirement Plan and Trust (Meritage Hospitality Group Inc /Mi/)

Top-Heavy Ratio. For purposes of establishing the present value of benefits under a defined benefit plan to compute the top-heavy ratio as described in Section 10.08(C) of the Plan, any benefit shall be discounted only for mortality and interest based on the following (Choose oneCHOOSE ONE):

Appears in 1 contract

Sources: Comprehensive Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Cornell Corrections Inc)