Elective Deferral limit Sample Clauses

Elective Deferral limit. Each Participant may elect to have Compensation deferred by:
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Elective Deferral limit. Elective Deferrals and designated Xxxx contributions to the Participant’s Account may not exceed the amount permitted under § 402(g)(1) of the Code, as indexed periodically for cost-of- living increases. Notwithstanding anything to the contrary in the foregoing, to the extent provided by the Plan, Elective Deferral and designated Xxxx contributions in excess of this limit may be made (i) by a qualified employee of a qualified organization to the extent permitted under Treasury Regulation §1.403(b)-4(c)(3) and (ii) by a Participant who will attain age 50 in the calendar year to the extent permitted under Treasury Regulation §1.403(b)-4(c)(2).
Elective Deferral limit. The amount set forth below, reduced by the amount of “elective deferrals” (as defined in section 402(g)(3) of the Code, but excluding catch-up contributions as defined in section 414(v) of the Code) made by a Member during his taxable year (which is presumed to be the calendar year) under any other plans or agreements maintained by an Employer or by a Controlled Group Affiliate (and, in the sole discretion of the Committee, any plans or agreements maintained by any other employer, if reported to the Committee at such time and in such manner as the Committee shall prescribe). Calendar Year Amount 2002 $ 11,000 2003 $ 12,000 2004 $ 13,000 2005 $ 14,000 Years subsequent to 2006 $15,000, as adjusted in accordance with section 402(g)(4) of the Code The reduction in the Elective Deferral Limit previously imposed for a Member who received a hardship withdrawal in the prior year shall not apply for the calendar year 2002 or thereafter.
Elective Deferral limit. 4.10(A)(1) Elective Transfer. 11.06(E)(1) Eligible Automatic Contribution Arrangement (EACA). 3.02(B)(2) Eligible Employee. 1.22(C) Eligible Retirement Plan. 6.08(F)(2) Eligible Rollover Distribution. 6.08(F)(3) Eligibility Computation Period. 2.02(C)(1) Employee. 1.22, 12.02(A) Employee Contribution. 1.23 Employer. 1.24, 4.05(G), 10.06(D) Employer Contribution. 1.25
Elective Deferral limit. The Elective Deferral Limit is the amount as in effect under Code §402(g) ($16,500 in 2011), subject to adjustment by the Treasury in multiples of $500 under Code §402(g)(4).
Elective Deferral limit. The amount set forth below, reduced by the amount of “elective deferrals” (as defined in section 402(g)(3) of the Code, but excluding catch-up contributions as defined in section 414(v) of the Code) made by a Member during his taxable year (which is presumed to be the calendar year) under any other plans or agreements maintained by an Employer or by a Controlled Group Affiliate (and, in the sole discretion of the Committee, any plans or agreements maintained by any other employer, if reported to the Committee at such time and in such manner as the Committee shall prescribe). Calendar Year Amount 2002 $11,000 2003 $12,000 2004 $13,000 2005 $14,000 Years subsequent to 2006 $15,000, as adjusted in accordance with section 402(g)(4) of the Code
Elective Deferral limit. Seven thousand dollars ($7,000) as adjusted from time to time in accordance with section 402(g)(5) of the Code, reduced by the amount of "elective deferrals" (as defined in section 402(g)(3) of the Code) made by a Member during his taxable year (which is presumed to be the calendar year) under any plans or agreements maintained by an Employer or by a Controlled Group Affiliate other than this Plan (and, in the sole discretion of the Administrator, any plans or agreements maintained by any other employer, if reported to the Administrator at such time and in such manner as the Administrator shall prescribe). Effective December 31, 1988, the Elective Deferral Limit with respect to a Member who has received a hardship withdrawal from his Elective Account as provided in Section 7.2.3 or who has received a hardship withdrawal from a similar account under any other plan or agreement of an Employer or Affiliate in accordance with Treasury Reg. section 1.401(k)-1(d)(2)(iv)(B) shall, for his taxable year following the taxable year of such withdrawal, be reduced by the amount of the "elective deferrals" (as defined in section 402(g)(3) of the Code) made by the Member during the taxable year of the withdrawal under this Plan and all other plans and agreements of any Employer or Affiliate. Each such other plan or agreement shall be deemed amended by reason of this provision, and by the Member’s execution of the Appropriate Form, to the extent necessary to give full effect to any reduction required under the preceding sentence.
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Elective Deferral limit. No Participant shall be permitted to make Employee Elective Contributions or elective deferrals made under any other qualified plan maintained by the Employer and any Related Entity during any taxable year in excess of the dollar limitation contained in Section 402(g) of the Code in effect for such taxable year, except to the extent permitted under Section 3.4 of the Plan and Section 414(v) of the Code.
Elective Deferral limit 

Related to Elective Deferral limit

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • 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.

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

  • 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.

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Highly Compensated Employee The term Highly Compensated Employee includes highly compensated active employees and highly compensated former employees.

  • EMPLOYEE CONTRIBUTIONS (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

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