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ACP definition

ACP means the "Actual Contribution Percentage" determined pursuant to Section 12.6(d).
ACP or "Average Contribution Percentage". The Average Percentage calculated using Contributions allocated to Participants as of a date within the Plan Year.

Examples of ACP in a sentence

  • An employee in the ACP may exercise seniority on the vacation schedule to obtain his/her two (2) weeks of unpaid leave.

  • Such payoff will be at the base wage rate that is in effect on the day prior to entering the ACP.

  • An employee may withdraw from ACP during the ACP payroll calendar year due to a loss of other medical coverage or a qualified family or employment status change.

  • Under the policy of decentralisation provided for in the strategy plan for 2001 to 2005, the Centre for the Development of Enterprise has begun to open regional offices in the ACP countries.

  • This Agreement is a contract between the State of Vermont, through its Department of Buildings and General Services, Office of Purchasing & Contracting (“State”), and ACP CreativIT, LLC dba Versatile Communications, a limited liability company with a principle place of business at Buffalo Grove, IL (“Contractor”).


More Definitions of ACP

ACP means the average of the Contribution Percentages of the Eligible Participants in a group.
ACP means agricultural conservation program, as refer- enced in 7 CFR, part 701 and part 1413.
ACP has the meaning given to such term in the introductory paragraph hereof.
ACP means the African Caribbean and Pacific Group of States;
ACP means the actual contribution percentage that is equal to, for a specific group of Participants (either Highly Compensated Employees or Nonhighly Compensated Employees) for a Plan Year, the average of the ACRs (calculated separately for each Participant in such group). The ACP for each group shall be calculated to the nearest one-hundredth of one percent.For purposes of computing an ACP, a Participant is an Eligible Employee who is eligible. In addition, if an Employee contribution is required as a condition of participation in the Plan, any Employee who would be a Participant in the Plan if such Employee made such a contribution shall be treated (for purposes of the ACP test) as an eligible Participant on behalf of whom no Employee contributions are made. However, if a Participant has no 414(s) Compensation for the Plan Year, then such Participant shall be disregarded for purposes of calculating the ACP of a group.For purposes of the above paragraph, the termspecific Plan Year” means, for Participants who are Highly Compensated Employees, the Plan Year being tested. If the current year testing method is being used, then the term “specific Plan Year” means, for Participants who are Nonhighly Compensated Employees, the Plan Year being tested. If the prior year testing method is being used, then the term “specific Plan Year” means, for Participants who are Nonhighly Compensated Employees, the Plan Year prior to the Plan Year being tested.