Required Aggregation Group Clause Samples
The Required Aggregation Group clause defines a specific group of parties or entities whose collective agreement or action is necessary to trigger certain contractual outcomes or decisions. In practice, this clause might specify that a majority or supermajority of lenders, shareholders, or other stakeholders must agree before amendments can be made to the contract or before certain actions, such as acceleration of debt or waivers, can take effect. Its core function is to ensure that significant decisions are made with sufficient consensus among key parties, thereby preventing unilateral actions and protecting the interests of the group as a whole.
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Required Aggregation Group. A group of plans including:
(a) each Qualified Plan of the Employer in which at least one (1) Key Employee participates or participated at any time during the determination period (regardless of whether the plan has terminated), and
(b) any other Qualified Plan of the Employer which enables a plan described in (a) to meet the requirements of Code Sections 401(a)(4) or 410.
Required Aggregation Group. (1) Each qualified Plan of the Employer in which at least one Key Employee participates or participated at any time during the determination period (regardless of whether the Plan has terminated), and (2) any other qualified Plan of Employer which enables a Plan described in (1) to meet the requirements of Section 401(a)(4) or Section 410 of the Code.
Required Aggregation Group. In determining a required aggregation group hereunder, each Plan of the Company in which a key employee is a parti-cipant, and each other Plan of the Company which enables any Plan in which a key employee participates to meet the requirements of Code Sections 401(a)(4) and 410, will be required to be aggregated. Such group shall be known as a required aggregation group, and shall include any terminated plan which if it had not been terminated would have been required to be included in the aggregation group. In the case of a required aggregation group, each Plan in the group will be considered a Top Heavy Plan if the required aggregation group is a Top Heavy group. No Plan in the required aggregation group will be considered a Top Heavy Plan if the required aggregation group is not a Top Heavy group.
Required Aggregation Group. Used for Top-Heavy testing purposes, it consists of:
(a) each qualified plan of the Employer in which at least one Key Employee participates or participated at any time during the determination period (regardless of whether the plan has terminated), and
(b) any other qualified plan of the Employer which enables a plan described in (a) to meet the requirements of Code Sections 401(a)(4) or 410.
Required Aggregation Group. In determining a Required Aggregation Group hereunder, each plan of the Company in which a Key Employee is a participant, and each other plan of the Company which enables any plan in which a Key Employee participates to meet the requirements of Code sections 401(a)(4) or 410, will be required to be aggregated. Such group shall be known as a Required Aggregation Group. In the case of a Required Aggregation Group, each plan in the group will be considered a Top Heavy Plan if the Required Aggregation Group is a Top Heavy Group. No plan in the Required Aggregation Group will be considered a Top Heavy Plan if the Required Aggregation Group is not a Top Heavy Group.
Required Aggregation Group. The words “Required Aggregation Group” shall mean (1) each qualified plan of the Employer in which at least one Key Employee participates or participated at any time during the Plan Year containing the determination date or any of the four preceding Plan Years (regardless of whether the Plan was terminated), and (2) any other qualified plan of the Employer which enables a plan described in (1) to meet the requirements of Sections 401(a)(4) or 410 of the Code.
Required Aggregation Group. Top-Heavy Plan Year
Required Aggregation Group. In determining a Required Aggregation Group hereunder, each plan of the Employer in which a Key Employee is a Participant, or has been a Participant (regardless of whether the Plan has terminated) during the plan year containing the Determination Date, or in any of the four (4) preceding plan years, and each other plan of the employer
Required Aggregation Group. A Required Aggregation Group is a group of plans consisting of all plans of the Employing Companies and Related Employers in which a Key Employee participates in the plan year containing the Determination Date or any of the four preceding plan years and each other plan of the Employing Companies and Related Employers which enables any plan of the Employing Companies and Related Employers in which a Key Employee participates during the period tested to meet the requirements of Section 401(a)(4) or 410(b) of the Internal Revenue Code.
Required Aggregation Group. The term Required Aggregation Group means (a) each qualified deferred compensation Plan of the Employer in which at least one Key Employee participates or participated at any time during the determination period (regardless of whether the plan has terminated), and (b) any other qualified deferred compensation plan of the Employer which enables a plan described in (a) to meet the requirements of Code §401(a)(4) or §410.