Examples of Compensation Deferrals in a sentence
In the event that Deferrals cease due to a lack of Compensation, Deferrals shall recommence upon the termination of the leave of absence without further action by the Participant.
For purposes of Section 4.1, a Participant is not treated as having made Compensation Deferrals or Roth Compensation Deferrals to the extent excess deferrals are distributed.
Compensation Deferral Account - The portion of a Participant's Account attributable to Compensation Deferrals made by a Participant as set forth in Section 4.1(a).
Notwithstanding the preceding, Compensation Deferrals and/or Roth Compensation Deferrals will only continue if an Employee receives Compensation which is reported on a W-2.
An Employee hired before June 6, 2010 may not participate unless he or she has completed an application in such manner as may be required by the Administrator, including an agreement to: (a) make Compensation Deferrals or Roth Compensation Deferrals as provided in Section 4.1 or (b) establish a Rollover Account under Section 4.3. An Employee also becomes a Participant if he or she has an account transferred to the Plan under Section 4.5(b).