Common use of TOP Clause in Contracts

TOP. HEAVY MINIMUM CONTRIBUTION Each Plan Year for which the Plan is Top Heavy under Code Section 416, each non-key Employee shall receive an allocation of Employer contributions equal to the lesser of 3% of Compensation or the percentage of Compensation allocated to the Key Employee receiving the highest percentage allocation. The Top-Heavy minimum contribution shall be satisfied under this Plan unless the Employer designates another plan in the Adoption Agreement. 7.2

Appears in 6 contracts

Samples: Savings Agreement (Aim International Funds Inc), Savings Agreement (Aim Funds Group/De), Savings Agreement (Aim Advisor Funds Inc)

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