Non-Key Employee definition

Non-Key Employee means any Employee who is not a Key Employee.

Non-Key Employee means any Employee or former Employee (and his Beneficiaries) who is not a Key Employee.

Non-Key Employee is an employee who does not meet the definition of Key Employee.

Examples of Non-Key Employee in a sentence

• The Employer may elect in Section 3.04 of its Adoption Agreement to apply this paragraph (a) only to a Participant who is a Non-Key Employee.

• The Advisory Committee must calculate the top heavy ratio by disregarding the Accrued Benefit (and distributions, if any, of the Accrued Benefit) of any Non-Key Employee who was formerly a Key Employee, and by disregarding the Accrued Benefit (including distributions, if any, of the Accrued Benefit) of an individual who has not received credit for at least one Hour of Service with the Employer during the Determination Period.

• If, under Adoption Agreement Section 3.04, the Employer elects to apply paragraph (a) only to a Participant who is a Non-Key Employee, the Advisory Committee will determine the "highest contribution rate" described in the first sentence of this paragraph (b) by reference only to the contribution rates of Participants who are Key Employees for the Plan Year.

• If a Participant in a defined benefit plan is a Non-Key Employee, the Advisory Committee will determine his accrued benefit under the accrual method, if any, which is applicable uniformly to all defined benefit plans maintained by the Employer or, if there is no uniform method, in accordance with the slowest accrual rate permitted under the fractional rule accrual method described in Code Section 411(b)(1)(C).

• However, should the Employer Contributions allocated to the Accounts of each Key Employee for such Top Heavy Plan Year be less than three percent of each Key Employee’s Compensation, the Employer Contribution allocated to the Accounts of each Non-Key Employee shall be equal to the largest percentage allocated to Accounts of a Key Employee.

More Definitions of Non-Key Employee

Non-Key Employee means an Employee or former Employee who is not a Key Employee.

Non-Key Employee means any Employee or former Employee (or any Beneficiary of such Employee or former Employee, as the case may be) who is not considered to be a Key Employee with respect to this Plan.

Non-Key Employee means a "Non-Key Employee" as defined in Section 416(i)(2) of the Code and the IRS Regulations thereunder.

Non-Key Employee means any Employee or former Employee (and such Employee’s or former Employee’s Beneficiaries) who is not, and has never been a Key Employee.

Non-Key Employee means any employee (and any Beneficiary of an employee) who is not a Key Employee.

Non-Key Employee means any Employee or former Employee who is not a Key Employee as to that Plan Year, or a Beneficiary of a deceased Participant who was a Non-Key Employee.

Non-Key Employee means any employee who is not a Key Employee. Non-Key Employee shall also mean an employee who is a former Key Employee.