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.

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Highly Compensated Employees. Top-Paid Group Election”

Highly Compensated Employees means any Employee who:

Examples of Highly Compensated Employees in a sentence

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

• 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.

• The excess contributions are the amount of deferral contributions made by the Highly Compensated Employees which causes the Plan to fail to satisfy the ADP test.

• However, the Employer will incur an excise tax equal to 10% of the amount of excess contributions for a Plan Year not distributed to the appropriate Highly Compensated Employees during the first 2 1/2 months of that next Plan Year.

• 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.

More Definitions of Highly Compensated Employees

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 determination year Art. II, 2.30 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, 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 means Eligible Employees who are determined to be highly compensated employees within the meaning of Section 414(q) of the Code.

Highly Compensated Employees. Top-Paid Group Election" For Plans which are being amended and restated for GUST, please complete Schedule C outlining the preamendment operation of the Plan, as well as this section of the Adoption Agreement. The testing elections made below will apply to the future operation of the Plan.

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.

Highly Compensated Employees means all eligible employees who are:

Highly Compensated Employees means active and former Employees of the Adopting Employer who (a) were 5% owners at any time during the current or preceding Plan Year, or (b) had Compensation from the Adopting Employer in excess of $80,000 in the preceding Plan Year. See Plan section 2.35.