Top Heavy Plan Year definition

Top Heavy Plan Year means a Plan Year during which the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means that, for a particular Plan Year commencing after December 31, 1983, the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means that, for a particular Plan Year, the Plan is a Top Heavy Plan.
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Examples of Top Heavy Plan Year in a sentence

  • For any Top Heavy Plan Year, the Plan shall provide the special vesting requirements of Code Section 416(b) pursuant to Section 6.4 of the Plan and the special minimum allocation requirements of Code Section 416(c) pursuant to Section 4.4 of the Plan.

  • If, as of such Determination Date, the Plan is a Top Heavy Plan, then the Plan Year immediately following such Determination Date shall be a Top Heavy Plan Year and the special provisions of this Article XVII shall be in effect; provided, however, that if, as of the Determination Date for the Plan Year in which the Effective Date occurs, the Plan is a Top Heavy Plan, such Plan Year shall be a Top Heavy Plan Year, and the provisions of this Article XVII shall be given retroactive effect for such Plan Year.

  • For any Top Heavy Plan Year, the Plan shall provide the special vesting requirements of Code Section 416(b) pursuant to Section 7.4 of the Plan and the special minimum allocation requirements of Code Section 416(c) pursuant to Section 4.3 of the Plan.

  • 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.

  • For any Top Heavy Plan Year, the Plan shall provide the special vesting requirements of Code Section 416(b) pursuant to Section 7.4 of the Plan and the special minimum allocation requirements of Code Section 416(c) pursuant to Section 4.4 of the Plan.


More Definitions of Top Heavy Plan Year

Top Heavy Plan Year means a Plan Year commencing after December 31, 1983 during which the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means a Plan Year if the sum of the account balances of all key employees under the Plan and each other defined contribution plan (as of the applicable determination date of each such Plan) which is aggregated with the Plan, plus the sum of the present values of the total accrued benefits of all key employees under each defined benefit plan (as of the applicable determination date of each such plan) which is aggregated with the Plan exceeds 60 percent of the sum of such amounts for all Employees (including, for purposes of this paragraph (b), any person employed by the Corporation, an Affiliated Corporation or a Subsidiary) and former Employees (other than former key employees, but including Beneficiaries of former Employees) under the Plan and all such plans. For purposes of these determinations:
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Top Heavy Plan Year means a Plan Year if any of the following conditions exist:
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Top Heavy Plan Year means a Plan Year in which this Plan is a Top-Heavy Plan.
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Top Heavy Plan Year means, for Plan Years beginning after December 31, 2001, a Plan Year during which the Plan is a Top Heavy Plan.
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Top Heavy Plan Year means a Plan Year during which the Plan is a Top‑Heavy Plan.
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Top Heavy Plan Year means any Plan Year during which the Plan is Top Heavy or part of a Top Heavy Group.
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