Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line . The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Appears in 4 contracts
Samples: Trust Agreement (Northeast Community Bancorp Inc), Adoption Agreement (First Savings Financial Group Inc), Adoption Agreement (Newport Bancorp Inc)
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line _______. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Appears in 2 contracts
Samples: Exhibit 10 (Atlantic Coast Federal Corp), Agreement (Central Federal Corp)
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line ___. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Appears in 2 contracts
Samples: Adoption Agreement (Asb Holding Co), Adoption Agreement (American Bancorp of New Jersey Inc)
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line . The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Appears in 2 contracts
Samples: Adoption Agreement (Ottawa Savings Bancorp, Inc.), Adoption Agreement (Allied First Bancorp Inc)
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line x . The effect --- of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Appears in 2 contracts
Samples: Adoption Agreement (Synergy Financial Group Inc), Adoption Agreement (Synergy Financial Group Inc /Nj/)
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line _____. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Appears in 2 contracts
Samples: Adoption Agreement (Osage Bancshares, Inc.), Adoption Agreement (Osage Federal Financial Inc)
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line ____. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
Appears in 1 contract
Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/)
Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line line____. The effect of this election is that an Employee (who is not a 5% owner at any time anytime during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the lithe Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
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Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line X . The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
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Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line ____. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-look- back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-look- back year.
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Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line ____. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-look- back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
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Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line ____. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 80,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
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Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line __X__. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
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Top-Paid Group Election. In determining who is a Highly Compensated Employee, the Employer makes the Top Paid Group election by checking this line _____. The effect of this election is that an Employee (who is not a 5% owner at any time during the determination year or the look-back year) with compensation in excess of $90,000 (as adjusted) for the look-back year is a Highly Compensated Employee only if the Employee was in the top-paid group (i.e., the top 20% of Employees ranked on the basis of compensation paid by the Employer) for the look-back year.
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