ELIGIBLE CONTRIBUTIONS Sample Clauses

ELIGIBLE CONTRIBUTIONS. Unless designated otherwise under this AA §6A-3, the Matching Contribution described in AA §6A-2 will apply to all Eligible Contributions authorized under AA §6-6.
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ELIGIBLE CONTRIBUTIONS. For purposes of applying the matching contribution formula in Option (e), the term "eligible contributions" means: (Choose at least one of (1) or (2); (3) through (5) are available only as additional selections)
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ELIGIBLE CONTRIBUTIONS. Under the matching contribution formula, a Participant's "eligible contributions" are the deferral contributions allocated to the Participant for the Plan Year not in excess of 6% of the Participant's Compensation for the Plan Year. Eligible contributions do not include deferral contributions attributable to Compensation for any period when the Participant is not eligible to participate in the allocation of matching contributions. Eligible contributions do not include deferral contributions that are excess deferrals under Section 14.03. For this purpose: (a) excess deferrals relate first to deferral contributions for the Plan Year not otherwise eligible for a matching contribution; and (2) if the Plan Year is not a calendar year, the excess deferrals for a Plan Year are the last deferrals made for a calendar year. Notwithstanding any provision in this Article III to the contrary, the Plan will provide contributions and Service credit with respect to qualified military service in accordance with Code (S)414(u).
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ELIGIBLE CONTRIBUTIONS. Contributions into Your Account after the Issue Date may increase Your Income Base, but only if they are Eligible Contributions. We treat contributions as Eligible Contributions when they have satisfied the Vesting Period shown in the Schedule. Contribution Limit We may limit the total value of Your Eligible Contributions. The limit equals Your Account Value on the Issue Date plus the value of all Eligible Contributions. The limit is shown in the Schedule. Required Minimum Distributions During an Income Year, You may withdraw from Your Account an amount to avoid a penalty under the Code’s provisions regarding required minimum distributions. The amount You withdraw may exceed Your Income Amount for that Income Year. We will not treat the amount which exceeds the Income Amount for the then current Income Year as an Excess Withdrawal to the extent that amount was needed to meet the required minimum distribution amount based solely on the value of Your Account. Delivery of payments After the Covered Event We deliver payments electronically to an account for the benefit of the Annuitant at the financial institution that You designate. We reserve the right to reduce each payment by the payment processing fee shown in the Schedule if an alternate form of delivery is elected.
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ELIGIBLE CONTRIBUTIONS. Each Participant may contribute to the Plan, within such time and in such form and manner as may be prescribed by the Committee in accordance with those provisions of federal law relating to rollover contributions, cash (or the cash proceeds from distributed property) received by the Participant in an eligible rollover distribution from a qualified plan or from an individual retirement account or annuity established solely to hold such eligible rollover distribution. Also, the Committee may establish rules and conditions regarding the acceptance of direct rollovers under Section 401(a)(31) of the Code from trustees or custodians of other qualified pension, profit sharing or stock bonus plans.
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ELIGIBLE CONTRIBUTIONS. A Participant eligible under Section 4.1.4 may make Rollover Contributions to the Plan, in such form and manner as may be prescribed by the Company in accordance with the provisions of federal law relating to rollover contributions, of cash (or the cash proceeds from distributed property) and the following promissory notes for loans made to him or her under a tax-qualified plan, that in either case are received by the Participant in an eligible rollover distribution:
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ELIGIBLE CONTRIBUTIONS. UNLESS THE ADOPTION AGREEMENT PRECLUDES IT, EMPLOYEES (WHETHER OR NOT THEY ARE PARTICIPANTS) IN RECOGNIZED EMPLOYMENT MAY CONTRIBUTE TO THIS PLAN, WITHIN SUCH TIME AND IN SUCH FORM AND MANNER AS MAY BE PRESCRIBED BY THE ADMINISTRATOR'S REPRESENTATIVE IN ACCORDANCE WITH THOSE PROVISIONS OF FEDERAL LAW RELATING TO ROLLOVER CONTRIBUTIONS, PROPERTY ACCEPTABLE TO THE TRUSTEE (OR CASH PROCEEDS THEREOF) RECEIVED BY THEM IN ELIGIBLE ROLLOVER DISTRIBUTIONS FROM CERTAIN TYPES OF QUALIFIED PLAN OR TRUSTS, EMPLOYEE ANNUITIES AND INDIVIDUAL RETIREMENT ACCOUNTS OR ANNUITIES. THE PROVISIONS OF THIS SECTION SHALL BE SUBJECT TO SUCH CONDITIONS AND LIMITATIONS AS THE ADMINISTRATOR'S REPRESENTATIVE MAY PRESCRIBE FROM TIME TO TIME FOR ADMINISTRATIVE CONVENIENCE AND TO PRESERVE THE TAX-QUALIFIED STATUS OF THIS PLAN. ALSO, THE ADMINISTRATOR'S REPRESENTATIVE MAY ESTABLISH RULES AND CONDITIONS REGARDING THE ACCEPTANCE OF DIRECT ROLLOVERS UNDER SECTION 401(a)(31) OF THE INTERNAL REVENUE CODE FROM TRUSTEES OR CUSTODIANS OF OTHER QUALIFIED PENSION, PROFIT SHARING OR STOCK BONUS PLANS. --------------------------------------------------------------------------------
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Related to ELIGIBLE CONTRIBUTIONS

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Rollover Contributions Generally, a rollover is a movement of cash or assets from one retirement plan to another. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. IRA-to-IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rollover. To complete a rollover of a SIMPLE IRA distribution to your Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. If you roll over the entire amount of an IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) and may be, if you are under age 59½, subject to the premature distribution penalty tax. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner): Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of Xxxx 401(k) or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRA, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRA, you must generally request that the plan administrator make a distribution directly to you. You typically have 60 days from the date you receive an eligible rollover distribution to complete an indirect rollover. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, if you are under age 59½, subject to the premature distribution penalty tax. If you choose the indirect rollover method, the plan administrator is typically required to withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, however, make up the withheld amount out of pocket and roll over the full amount. If you do not make up the withheld amount out of pocket, the 20% withheld (and not rolled over) will be treated as a distribution, subject to applicable taxes and penalties. Conduit IRA: You may use your IRA as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s retirement plan. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan to take advantage of special tax rules available for certain qualified plan distribution amounts. Consult your tax advisor for additional information. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited Traditional IRA Owner): Please refer to the section of this document entitled “Inherited IRA”. Traditional IRA-to-Employer Retirement Plan Rollover: If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Rollover of Exxon Xxxxxx Settlement Income: Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

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