Highly Paid Employees definition

Highly Paid Employees shall have the meaning set forth in Section 3.11(b).
Sample 1Sample 2Sample 3
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.
Sample 1

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.

  • 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.

  • The CMTC Sellers’ Credit bears interest at a fixed rate of 5.0% per year.

  • Regardless of any other provision of the Plan, during any Plan Year beginning on or after January 1 , 1994, the benefits paid to any of the 25 most highly compensated Highly Paid Employees or their Beneficiaries shall not exceed the payments which would be made in a single life annuity form.

  • Notwithstanding anything herein to the contrary, allocation of Employer contributions for any Plan Year shall be subject to the following: 5.1-1If 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.

  • 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.

  • The Employers' contributions for a Plan Year, and any available forfeitures not applied under section 4.4, shall be credited as of the last day of the year to the Basic Accounts of the Active Participants in proportion to the amounts of their Plan Compensation, excluding Plan Compensation in excess of $100,000, except as otherwise provided in section 6.4-2(c) in the case of any special contribution allocable only to Active Participants who are not Highly Paid Employees.

  • The aggregate Relative 415 Compensation shall be determined by the following formula: (N / 2) - $1 = H, where "N" equals the aggregate amount of 415 Compensation attributable to Employees who are not Highly Paid Employees and "H" equals the aggregate Relative 415 Compensation attributable to Highly Paid Employee Participants.

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 1.28. 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 has the meaning set forth in Section 14.1.

  • 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 Employee who is not 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 any Employee who:

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

  • Relevant Employees means the employees who may be affected by a change referred to in subclause (1).

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

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

  • Casual Employees are employed on an "on call" basis to cover absences due to sick leave, vacation, or other approved leaves, or to augment staff during peak periods or periods of staff shortage.

  • Public employer means the State of Oregon, and the following political subdivisions:

  • Servicer Employees As defined in Section 2.12.

  • Key Employees means Xxxxx Xxxxxxx and Xxxxxxx 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 mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

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