Leveling Method definition

Leveling Method means the method of determining the excess amounts under Section 3.8(a), 3.8(b) or 5.5(a) under which the actual deferral ratio or the actual contribution ratio, as applicable, of the Highly Compensated Employee with the highest dollar amount of deferrals or contributions, as applicable, shall be reduced to the extent required to enable the Plan to satisfy Section 3.8(a) or 3.8(b) or Section 5.5(a) or to cause such Highly Compensated Employee's deferrals or contributions, as applicable, to equal the deferrals or contributions of the Highly Compensated Employee with the next highest dollar amount of deferrals or contributions, as applicable, or such other method which is permitted under Code Section 401(k)(8)(C). This process shall be repeated until Section 3.8(a), 3.8(b) or Section 5.5(a) is satisfied.

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Leveling Method means the method of determining the excess amounts under Section 3.6(a) under which the actual contribution ratio of the Highly Compensated Employee with the highest actual contribution ratio shall be reduced to the extent required to enable the Plan to satisfy Section 3.6(a) or to cause such Highly Compensated Employee's actual contribution ratio to equal the ratio of the Highly Compensated Employee with the next highest actual contribution ratio. This process shall

Leveling Method means the method of determining the excess

Examples of Leveling Method in a sentence

Compensated Employees shall be reduced progressively, using the Ratio Leveling Method with respect to Accrual Computation Periods commencing prior to January 1, 1997 to the highest percentage of each such Participant's Compensation as the Employer, in its discretion, deems to be permissible to ensure that the Actual Deferral Percentage of such group does not exceed the maximum allowable amount.
The Deferral Amounts of the Highly Compensated Employees shall be reduced progressively using the Dollar Leveling Method with respect to Accrual Computation Periods commencing after December 31, 1996, to the highest dollar amount of each such Participant's Compensation which the Employer, in its discretion, shall deem to be permissible to ensure that the Actual Deferral Percentage of such group does not exceed the maximum allowable percentage.
If, with respect to an Accrual Computation Period commencing after December 31, 1996, the Plan initially fails to satisfy the ACP test, Contribution Amounts allocable to the Accounts of individuals who are deemed to be Highly Compensated Employees with reference to that Accrual Computation Period will be adjusted through the use of the Dollar Leveling Method until compliance is achieved.

More Definitions of Leveling Method

Leveling Method means the following method of allocating the dollar amount of the excess contributions (within the meaning of Reg. Section 1.401(k)-1(g)(7)) under Section 3.5(a) or 3.5(b) or excess aggregate contributions (within the meaning of Reg. Section 1.401(m)-1(f)(8)) under Section 5.5(a). Under this method, the total of excess contributions (or excess aggregate contributions) to be distributed is allocated among the Highly Compensated Employees such that the allocations described in Section 1.17(a) (or 1.15(b), as applicable) of the Highly Compensated Employees with the highest amount of such allocations is reduced such that the total of such reductions (together with all prior reductions hereunder for the applicable Plan Year) equals the total of such excess contributions or excess aggregate contributions) or such that such Highly Compensated Employee's remaining such allocations equals the allocations of the Highly Compensated Employee with the next highest amount of such allocations. This process is repeated with respect to the applicable Highly Compensated Employees until the total of such reductions attributable to all such Highly Compensated Employees is equal to the total of such excess contributions (or excess aggregate contributions).

Leveling Method means the method of determining the excess amounts under Section 3.5(a), 3.5(b) or 6.11(a) under which the actual deferral ratio or the actual contribution ratio, as applicable, of the Highly Compensated Employee with the highest actual deferral ratio (or actual contribution ratio) shall be reduced to the extent required to enable the Plan to satisfy Section 3.5(a) or 3.5(b) or Section 6.11(a) or to cause such Highly Compensated Employee's actual deferral ratio or actual contribution ratio, as applicable, to equal the ratio of the Highly Compensated Employee with the next highest actual deferral ratio or actual contribution ratio. This process shall be repeated until Section 3.5(a), 3.5(b) or Section 6.11(a) is satisfied.

Related to Leveling Method

Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.
Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.
Compounding Methodology Supplement means, in relation to the Daily Non-Cumulative Compounded RFR Rate or the Cumulative Compounded RFR Rate, a document which:
Accounting Methodology means GAAP, and to the extent consistent with GAAP, the accounting principles, methods and practices utilized in preparing the Financial Statements, applied on a consistent basis.
Payment Method means, in relation to any sum stated to be payable or paid pursuant to the Agreement, account name, account number, bank name, swift code, bank code and branch code or wallet address, in the case of a sum stated to be payable or paid by cryptocurrency specified by the payee of such sum at least five Business Days prior to the date of payment to the payee and in the case of Coinllectibles to the account notified to the payer from time to time and the payment of the Sale Price to Coinllectibles, which shall be paid by the Purchaser as soon as practicable after each sale of the DOT.