Highly Paid Employees definition

Highly Paid Employees shall have the meaning set forth in Section 3.11(b).
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Highly Paid Employees means the Company’s and its Subsidiaries’ fifty (50) most highly compensated employees, determined based on the employee’s annual base salary and bonus with respect to the immediately preceding fiscal year.
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Examples of Highly Paid Employees in a sentence

  • Notwithstanding anything herein to the contrary, allocation of Employer contributions for any Plan Year shall be subject to the following: 5.1-1 If allocation of Employer contributions in accordance with Section 4.1 will result in an allocation of more than one-third the total contributions for a Plan Year to the Accounts of Highly Paid Employees, then allocation of such amount shall be adjusted so that such excess will not occur.

  • Notwithstanding anything herein to ------------------------------ the contrary, allocation of Employer contributions for any Plan Year shall be subject to the following: 5.1-1 If allocation of Employer contributions in accordance with Section 4.1 will result in an allocation of more than one-third the total contributions for a Plan Year to the Accounts of Highly Paid Employees, then allocation of such amount shall be adjusted so that such excess will not occur.

  • What’s the series about?BARGIE: It’s about Beano and Bargie, and the things that they do when the other people are gone.C-53: Sort of a slice-of-life, kind of.

  • With respect to the combined limitation in section 6.3-2(c), the Administrator shall first reduce the contribution percentages of the Highly Paid Employees by causing the Trustee to return all or a portion of their unmatched after-tax contributions, if any.

  • The contributions credited under sections 4.2, 4.3, and 4.4 to the Accounts of Participants who are Highly Paid Employees shall be limited as follows: 6.3-1 For this purpose, with respect to any Plan Year, "Participants" shall include each individual who was eligible for any Employer contribution (including salary reduction contributions under section 4.2) or to make any Employee after-tax contribution in that year, whether or not any contribution was made.

  • To the extent possible, the Administrator shall reduce a Highly Paid Employee's deferral or contribution percentage by modifying his elections and curtailing further contributions under sections 4.2, 4.3, and 4.4 on his behalf for the Plan Year.

  • Such reductions shall be made in each category starting with those Highly Paid Employees having the highest percentage in that category, in the same manner prescribed by the preceding paragraph.

  • For each Plan Year, either (i) the average contribution percentage among the Highly Paid Employees is not more than 1.25 times the average contribution percentage among all other Participants, or (ii) the average contribution percentage among the Highly Paid Employees is not more than 2 times the average contribution percentage among all other Participants, and the former percentage is not more than 2 percentage points above the latter percentage.

  • In all respects, the determination of who are Highly Paid Employees shall be made in accordance with section 414(q) of the Code and the Treasury Regulations thereunder.

  • Is there any policy and strategy, at the international or regional level, that is likely to have an impact on EU policy, or how human rights approaches can be developed and implemented in practice.

Related to Highly Paid Employees

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • Highly Compensated Former Employee means a former Employee who had a separation year prior to the "determination year" and was a Highly Compensated Employee in the year of separation from service or in any "determination year" after attaining age 55. Notwithstanding the foregoing, an Employee who separated from service prior to 1987 will be treated as a Highly Compensated Former Employee only if during the separation year (or year preceding the separation year) or any year after the Employee attains age 55 (or the last year ending before the Employee's 55th birthday), the Employee either received "415 Compensation" in excess of $50,000 or was a "five percent owner." For purposes of this Section, "determination year," "415 Compensation" and "five percent owner" shall be determined in accordance with Section 1.26. Highly Compensated Former Employees shall be treated as Highly Compensated Employees. The method set forth in this Section for determining who is a "Highly Compensated Former Employee" shall be applied on a uniform and consistent basis for all purposes for which the Code Section 414(q) definition is applicable.

  • Excluded Employees means those employees listed on Schedule 1.1(w);

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Nonhighly Compensated Employee means an Eligible Employee who is not a Highly Compensated Employee and who is not a family member treated as a Highly Compensated Employee.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Current Employees has the meaning set forth in Section 5.6(a).

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Designated Employees means a person occupying any of the following position in the Company:

  • Highly Compensated Employee means an Employee who:

  • Union Employees has the meaning set forth in Section 6.12(a).

  • Relevant Employees means the employees of the Contractor (including the Transferring Employees) who are wholly or mainly assigned to work in the provision of the Services and who are/will be the subject of a Relevant Transfer by virtue of the application of the TUPE Regulations.

  • Hired Employees has the meaning set forth in Section 6.1(a).

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Servicer Employees As defined in Section 2.12.

  • Key Employees means each of the following individuals: Xxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxxx Xxxxxx and Xxxxx Xxxxxxx.

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).