Highly Compensated Employees definition

Highly Compensated Employees means the highest paid one percent of employees of the Company together with all corporations, partnerships, trusts, or other entities controlling, controlled by, or under common control with, the Company.

Highly Compensated Employees. Top-Paid Group Election”

Highly Compensated Employees means all employees of the Bank who are designated as Highly Compensated Employees by the Administrative Committee. A person designated as a Highly Compensated Employee shall remain so until such designation is revoked by the Administrative Committee, in its sole discretion.

Examples of Highly Compensated Employees in a sentence

• These tests are intended to ensure that the amount of contributions under the Plan do not discriminate in favor of Highly Compensated Employees.

• The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet the ADP and ACP tests.

• Depending upon the results of the tests, the Plan Administrator may have to refund Deferral Contributions contributed to the Plan and vested matching contributions to certain Highly Compensated Employees, as determined under Internal Revenue Service regulations.

• 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.

• The Plan does not treat a Leased Employee as an Employee if the leasing organization covers the employee in a safe harbor plan and, prior to application of this safe harbor plan exception, 20% or less of the Employer's Employees (other than Highly Compensated Employees) are Leased Employees.

More Definitions of Highly Compensated Employees

Highly Compensated Employees means Employees who are “highly compensated” as defined in Section 414(q) of the Code.

Highly Compensated Employees means any Employee who:

Highly Compensated Employees means all eligible employees who are:

Highly Compensated Employees means, to the extent required by Section 414(g) of the Code and the Regulations thereunder, all "highly compensated active employees" and "highly compensated former employees" and shall be otherwise defined as follows.

Highly Compensated Employees. [Plan Sec. 2.35]..........

Highly Compensated Employees. For purposes of this Plan, the term Highly Compensated Employees means Highly Compensated active Employees and Highly Compensated former Employees. For purposes of this section, the Art. II, 2.30 determination year shall be the calendar year, and the look-back year shall be the 12-month period immediately preceding the determination year. A Highly Compensated active Employee includes any Employee who performs service for the Company during the determination year and who, during the look-back year: (a) (1 ) received compensation from the Company in excess of the compensation amount under section 414(q) of the Code for the look-back year (as adjusted under the Code) for such year, or

Highly Compensated Employees means (a) any Employee who is a 5% owner (as defined in section 416(i)(1)(B)(i) of the Code) at any time during the current year or the immediately preceding year, or (b) during the year immediately preceding the current year, had compensation (as defined in Section VI.E.2.) from an Employer in excess of $95,000 (as adjusted pursuant to section 415(d) of the Code, except that the base period for determining any such adjustment shall be the calendar quarter ending September 30, 1996. Notwithstanding the foregoing, the determination of "highly compensated employees" pursuant to (b) above, shall be limited to those Employees who are in the "top paid group" (as defined in section 414(q)(3) of the Code) for the preceding year.