Excess Aggregate Contributions. Excess Aggregate Contributions" means, with respect to any Plan Year, the excess of (i) the aggregate Contribution Percentage Amounts taken into account in computing the numerators of the Contribution Percentages of Highly Compensated Employees for such Plan Year, over (ii) the maximum Contribution Percentage Amounts permitted by the Average Contribution Percentage test.
Appears in 2 contracts
Sources: Employee Investment Plan and Trust Agreement (PHH Corp), Employee Investment Plan and Trust Agreement (HFS Inc)