Related Defined Contribution Plan definition

Related Defined Contribution Plan means any other defined contribution plan (as defined in Section 415(k) of the Code) maintained by the Company or its Section 415 Affiliate.

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Related Defined Contribution Plan means any defined contribution plan (as defined in Code Section 414(i)) maintained by an Employer or any other Related Company.

Related Defined Contribution Plan means any defined contribution plan (as defined in Code section 414(I)) maintained by the Employer or a Related Company. The term “Annual Additions” means the total amount of employer contributions and voluntary employee contributions allocated to the Accounts of a Participant under this Plan and any Related Defined Contribution Plan for a Plan Year, except that if, during any Plan Year, no more than one-third of the Employer ESOP Contributions which are deductible under Code section 404(a)(9) are allocated to the Accounts of Highly Compensated Employees (as defined in Section 1.12) during the Plan Year, then any ESOP Contributions which are applied by the Trustee to pay interest on an Acquisition Loan, shall not be included in computing Annual Additions. Allocations to Highly Compensated Employees may be reduced pro rata according to the Compensation of each Highly Compensated Employee to the extent necessary to prevent the allocations to Highly Compensated Employees from exceeding one-third of the Employer ESOP Contribution deductible under Code Section 404(a)(9). For purposes of this Section, shares of Company Stock that are released from the Suspense Account and credited to a Participant’s ESOP Stock Account during any Plan Year shall be valued at the lesser of: (i) the Participant’s allocable share of Employer contributions for that year that are used to repay the Acquisition Loan; or (ii) the fair market value of the Company Stock that is allocated to the Participant’s ESOP Stock Account. If shares of Company Stock are sold out of the Loan Suspense Account, the gain on the sale shall be considered earnings, not Annual Additions, and will be allocated as such.

Examples of Related Defined Contribution Plan in a sentence

• If any Employer Contributions cannot be allocated to any Participant’s Accounts by reason of this limitation, the Administrator shall, first, in a Related Defined Contribution Plan, return salary reduction contributions made by the Participant and reduce other employer contri­butions made for the Participant.

• In the event a Participant herein is also a Participant at any time in a Related Defined Contribution Plan, the sum of Annual Additions under all such plans credited to a Participant’s accounts in any Plan Year shall not exceed the limitations described in (1) or (2), above, but such limitations shall first be applied to reduce the Annual Additions under the Related Defined Contribution Plan before being applied to reduce the Annual Additions under this Plan.

• If after the return of all salary reduction contributions and the reduction of employer contributions in a Related Defined Contribution Plan, any Employer Contributions hereunder still cannot be allocated to a Participant’s Accounts, the Administrator shall credit such Employer Contributions to a “suspense account” pursuant to the authority and regulations of Treasury Regulation Section 1.415-6(b)(6), to the extent permitted thereby.

• However, if there is a Related Defined Contribution Plan (other than an employee stock ownership plan within the meaning of Code Section 4975(e)(7), a simplified employee pension plan (defined in Code Section 408(k), or a SIMPLE IRA Plan (defined in Code Section 408(p)), then the balance in the Participant's Accounts will be transferred without the Participant's consent to the other plan if the Participant does not consent to an immediate distribution.

More Definitions of Related Defined Contribution Plan

Related Defined Contribution Plan means any other defined contribution plan (as defined in section 415(k) of the Code) maintained by an Employer or any other trade or business which, together with an Employer, is a member of a controlled group of corporations or a controlled group of trades or businesses, as described in sections 414(b) and (c) of the Code, as modified by section 415(h) of the Code. A Participant's "Section 415 Compensation" for any Plan Year means his total compensation (as defined in Treas. Reg. Section 1.415-

Related Defined Contribution Plan means any defined contribution plan, other than the Plan, maintained by the Employer or a Related Employer.

Related Defined Contribution Plan means a Qualified Defined Contribution Plan (other than the Plan) maintained by an Employer or Related Employer.

Related Defined Contribution Plan means any defined contribution plan (as defined in Code Section 414(i)) which is maintained by an Employer or a Related Company.