SIMPLIFIED DEFINITION. If the Employer maintains significant business activities (and employs Employees) in at least two significantly separate geographic areas, the Employer may elect the simplified definition of Highly Compensated Employee in Section 1.38 of the Plan. Does the Employer desire to make this election (check one): (1) Yes [ X ] (2) No [ ] (3) N/A
Appears in 2 contracts
Sources: Defined Contribution Plan (Profit Sharing or Profit Sharing 401(k)) (Temporary Investment Fund Inc), Defined Contribution Plan Adoption Agreement (Chestnut Street Exchange Fund)
SIMPLIFIED DEFINITION. If the Employer maintains significant business activities (and employs Employees) in at least two significantly separate geographic areas, the Employer may elect the simplified definition of Highly Compensated Employee in Section 1.38 of the Plan. Does the Employer desire to make this election (check one):
(1) Yes [ X ] (2) No [ ] (3) N/A
Appears in 1 contract
Sources: Defined Contribution Plan and Trust Agreement (Trust for Federal Securities)
SIMPLIFIED DEFINITION. If the Employer maintains significant business activities (and employs Employees) in at least two significantly separate geographic areas, the Employer may elect the simplified definition of Highly Compensated Employee in Section 1.38 of the Plan. Does the Employer desire to make this election (check one):
(1) Yes [ X ] (2) No [ ] (3) N/AA --- --- ---
Appears in 1 contract
Sources: Adoption Agreement (RBB Fund Inc)