Highly Compensated. EMPLOYEE Any Employee who performs service for the Employer during the determination year and who, during the immediate prior year:
Highly Compensated means any Employee who is a more than five percent (5%) owner of an Employer or earned $110,000 or more in Test Compensation from the Employer in the calendar year that begins in the twelve month period that precedes the current Plan Year (the “lookback year”); provided, however, that such $110,000 figure shall be adjusted for cost of living at the same time and in the same manner as determined under Code Section 415(d).
Highly Compensated means, for Plan Years beginning prior to January 1, 1997, any Employee of an Employer or an Affiliate who meets any of the following requirements in either the prior or current Plan Year:
Examples of Highly Compensated in a sentence
If a Highly Compensated Employee participates in two or more cash or deferred arrangements that have different plan years, all cash or deferred arrangements ending with or within the same calendar year shall be treated as a single arrangement.
If a Highly Compensated Employee participates in two or more cash or deferred arrangements that have different Plan Years, all cash or deferred arrangements ending with or within the same calendar year shall be treated as a single arrangement.
The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests.
Such distributions shall be made to Highly Compensated Employees on the basis of the respective portions of the Excess Contributions attributable to each of such Employees.
In determining who is a Highly Compensated Employee, Employees who are non-resident aliens and who received no earned income (within the meaning of Code Section 911(d)(2)) from the Employer constituting United States source income within the meaning of Code Section 861(a)(3) shall not be treated as Employees.
More Definitions of Highly Compensated
Highly Compensated. STATUS. (Select only one.) [ ] Only Participants who are Non-highly Compensated Employees eligible under (b) or (c) below (and who make elective deferrals hereunder for the Plan Year) shall be entitled to receive the matching contribution under Item 21 to the Employer Matching Accounts for a Plan Year; or [ ] All Participants who are eligible under (b) or (c) below (and who make elective deferrals hereunder for the Plan Year) shall be entitled to receive the matching contribution under Item 21 to the Employer Matching Accounts for a Plan Year; or [ ] On a year to year basis, the Administrator shall determine whether all Participants eligible under (b) or (c) below or only those Participants who are Non-highly Compensated Employees eligible under (b) or (c) below (and who make elective deferrals hereunder for the Plan Year) shall be entitled to receive the matching contribution under Item 21 to the Employer Matching Accounts for the Plan Year.
Highly Compensated means any Employee who is a more than five percent (5%) owner of an Employer or both earned $80,000 or more in Test Compensation from the Employer in the lookback year and was member of the Top Paid Group for such year; provided, however, that such $80,000 figure shall be adjusted for cost of living at the same time and in the same manner as determined under Code Section 415(d).
Highly Compensated. STATUS. (Select only one.) [ ] Only Participants who are Non-highly Compensated Employees eligible under (b) or (c) below shall be entitled to share in the Employer contribution under Item 16 to the Nonelective Contribution Accounts for a Plan Year; or [ ] All Participants who are eligible under (b) or (c) below shall be entitled to share in the Employer contribution under Item 16 to the Nonelective Contribution Accounts for a Plan Year; or [X] On a year to year basis, the Administrator shall determine whether all Participants eligible under (b) or (c) below or only those Participants who are Non-highly Compensated Employees eligible under (b) or (c) below shall be entitled to share in the Employer contribution under Item 16 to the Nonelective Contribution Accounts for the Plan Year.
Highly Compensated means any Employee who is a more than five percent (5%) owner of an Employer or earned $110,000 or more in Test Compensation from the Employer in the lookback year; provided, however, that such $110,000 figure shall be adjusted for cost of living at the same time and in the same manner as determined under Code Section 415(d).
Highly Compensated means any Employee who is a more than five percent (5%) owner of an Employer or earned $110,000 or more in Test Compensation from the Employer in the lookback
Highly Compensated. Former Employees will be treated as Highly Compensated Employees. The method set forth in this section for determining who is a "Highly Compensated Former Employee" will be applied on a uniform and consistent basis for all purposes for which the Code section 414(q) definition is applicable. For purposes of this section, the determination of "415 Compensation" will be made by including amounts that would otherwise be excluded from a Participant's gross income by reason of the application of Code sections 125, 402(a)(8), 402(h)(1)(B) and, in the case of Employer contributions made pursuant to a salary reduction agreement, Code section 403(b). Additionally, the dollar threshold amounts specified in (2) and (3) above will be adjusted at such time and in such manner as is provided in Regulations. In the case of such an adjustment, the dollar limits which will be applied are those for the calendar year in which the "determination year" or "look-back year" begins.
Highly Compensated means any Employee who is a more than five percent (5%) owner of an Employer or earned $135,000 or more in Test Compensation from the Employer in the calendar year that begins in the twelve month period that precedes the current Plan Year (the “lookback year”); provided, however, that such $135,000 figure