Aggregation Group. All plans maintained by the Employer (i) which are required to be aggregated with the Plan in order for the Plan to meet the requirements of Code Sections 401(a)(4) and 410, (ii) in which a Key Employee is a participant, and (iii) any other plan of the Employer that the Employer elects to include in the Aggregation Group, provided that any such plan would not cause the Aggregation Group to fail to meet the requirements of Code Sections 401(a)(4) and 410 with such plan being taken into account.
Appears in 2 contracts
Sources: Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp), Employee Stock Ownership Plan and Trust (Southwest Georgia Financial Corp)