Elective Deferral Contribution definition

Elective Deferral Contribution means any Employer contributions made to the Plan at the election of the Participant, in lieu of cash compensation, and shall include contributions made pursuant to a salary reduction agreement or other deferral mechanism. Elective Deferral Contributions shall be in whole percentages only. Elective Deferral Contributions shall not include any amount properly distributed as excess annual additions.
Elective Deferral Contribution means a pre-tax contribution made pursuant to Section 3.1.1 for the Plan Year by a Participating Employer at the election of the Participant, in lieu of receipt of current compensation.
Elective Deferral Contribution means the amount of Compensation that a Participant elects to defer under Section 4.1.

Examples of Elective Deferral Contribution in a sentence

  • A "Matched Employee Contribution" is any Elective Deferral Contribution or Catch-up Contribution that you may make.

  • A "Matched Employee Contribution" is any Elective Deferral Contribution or Catch-up Contribution that you may make during the Plan Year.

  • A Participant who elects to receive a distribution pursuant to this Section may not make an Elective Deferral Contribution or Roth Elective Deferral Contribution during the 6-month period beginning on the date of the distribution.

  • If your contributions are suspended you must make a new Elective Deferral Contribution election at the end of the 6-month suspension period.

  • Forfeitures will be used by the Plan as follows:• Pay Plan ExpensesForfeitures attributable to nonelective contributions will be used by the Plan as follows:• Pay Plan ExpensesForfeitures attributable to matching contributions will be used by the Plan as follows:• Pay Plan Expenses• The Plan is an Elective Deferral Contribution only Plan (see Article 1, Section 6(b), of the Adoption Agreement) and an Employee is 100% vested at all times in their Elective Deferral and Rollover Accounts.


More Definitions of Elective Deferral Contribution

Elective Deferral Contribution means any Employer contribution to the Plan that is made pursuant to a Participant's Elective Deferral, in lieu of cash compensation. With respect to any taxable year, an Elective Deferral Contribution is the sum of all Employer Contributions made on behalf of such Participant pursuant to Section 4.1(a). The Elective Deferral Contribution shall not include any deferrals properly distributed as excess annual additions.
Elective Deferral Contribution means any Employer contribution to the Plan that is made pursuant to a Participant’s Elective Deferral election, in lieu of cash compensation. An Elective Deferral Contribution shall not include any deferrals properly distributed as excess Annual Additions.
Elective Deferral Contribution means the amount of Compensation that a Participant elects to defer for a Plan Year under Section 4.1.
Elective Deferral Contribution means any amount of a Participant’s Salary and/or Bonus which he elects to defer hereunder pursuant to an Elective Deferral Agreement and to have such deferred amount applied to a Restricted Stock Award pursuant to Section 4. If an Active Participant is authorized by his Adopting Employer to take a paid leave of absence from Employment, the Participant shall continue to be considered in Employment and his Elective Deferral Contributions shall continue to be withheld during such paid leave of absence. If an Active Participant is authorized by his Adopting Employer for any reason to take an unpaid leave of absence from Employment, the Participant shall continue to be considered in Employment and the Participant shall be excused from making Elective Deferral Contributions from his Salary until the Participant returns to a paid Employment status. Upon his return, Elective Deferral Contributions shall resume for the remaining portion of the Program Year in which the expiration or return occurs, based on the Participant’s Elective Deferral Agreement as in effect for that Program Year, i.e., the same percentage or dollar amount of Salary that was being withheld prior to the unpaid leave of absence shall resume after return to active service, but no make-up elective contributions can be made for the leave period. A leave of absence shall not affect any Bonus deferral election made by the Participant under his Elective Deferral Agreement.
Elective Deferral Contribution means for any Member, (1) that portion of the Participating Employer’s contributions to the Plan made at the instruction of such Member in accordance with Section 5.2 as part of a qualified cash or deferred arrangement within the meaning of section 401(k) of the Code, (2) that portion of the Participating Employer’s contributions to the Plan made in accordance with the automatic enrollment process as provided in Section 3.1 as part of a qualified cash or deferred arrangement within the meaning of section 401(k) of the Code and (3) if applicable, the Elective Deferral Contributions made by Westinghouse on behalf of such Member to the Prior Plan that have been transferred to the Plan in connection with the Acquisition. Pursuant to Section 5.3, and to the extent provided therein, Elective Deferral Contributions shall include Roth Contributions.
Elective Deferral Contribution means the Employer's contributions to the Plan that are made pursuant to the Participant's deferral election pursuant to section 11.2, excluding any such amounts distributed as "excess annual additions" pursuant to section 4.4. Elective Deferral Contributions shall be subject to the requirements of sections 11.2(b) and 11.2(c) and shall further be required to satisfy the discrimination requirements of Regulation ss.1.401(k)-1(b)(3), the provisions of which are specifically incorporated herein by reference.
Elective Deferral Contribution means an elective deferral contribution made to the 401(k) plan.