Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.
Qualified Non-Elective Contribution means the Employer's contributions to the Plan that are made pursuant to Section 4.6. Such contributions shall be considered an Elective Contribution for the purposes of the Plan and used to satisfy the "Actual Deferral Percentage" tests.
Qualified Non-Elective Contribution means the Employer's contributions to the Plan that are made pursuant to E5 of the Adoption Agreement and Section 11.1(d) which are used to satisfy the "Actual Deferral Percentage" tests. Qualified Non-Elective Contributions are nonforfeitable when made and are distributable only as specified in Sections 11.2(c) and 11.8. In addition, the Employer's contributions to the Plan that are made pursuant to Section 11.7(h) and which are used to satisfy the "Actual Contribution Percentage" tests shall be considered Qualified Non-Elective Contributions.
Examples of Qualified Non-Elective Contribution in a sentence
A special Qualified Non-Elective Contribution may be made on behalf of Non-Highly Compensated Participants in an amount sufficient to satisfy (or to prevent an anticipated failure of) one of the tests set forth in Section 4.6(a).
A special Qualified Non-Elective Contribution may be made on behalf of Non-Highly Compensated Participants in an amount sufficient to satisfy (or to prevent an anticipated failure of) one of the tests set forth in Section 4.5(a).
You can request a distribution from your Qualified Non-Elective Contribution Account if you have reached age 59½.
In an amount equal to the total additional Qualified Non-Elective Contribution divided by the number of Participants eligible to share in such contribution.
You may receive a distribution on account of hardship from the vested portion of all of your Accounts, except your Qualified Non-Elective Contribution Account.
More Definitions of Qualified Non-Elective Contribution
Qualified Non-Elective Contribution means any Employer contribution to the Plan other than a Matching Contribution with respect to which the Employee may not elect to have the contribution paid to the Employee in cash instead of being contributed to the Plan and (if treated as K-test Contributions) the requirements of Reg. §1.401(k)-1(b)(5) and Code §§401(k)(2)(B) and (C) are met or (if treated as M-Test Contributions) the requirements of Reg. §1.401(m)-1(b)(5) are met.
Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests.
Qualified Non-Elective Contribution. A contribution to a cash or deferred profit sharing plan by the Employer which is neither a Matching Contribution nor an Elective Contribution, is one hundred percent (100%) vested and nonforfeitable when made, which a Participant may not elect to have paid in cash instead of being contributed to the Plan and which may not be distributed from the Plan (except in the case of a hardship distribution) prior to the termination of employment or death of the Participant, attainment of age 59-1/2 by the Participant or termination of the Plan without establishment of a successor plan.
Qualified Non-Elective Contribution means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4) if elected in the Adoption Agreement, 12.5 and 12.7.
Qualified Non-Elective Contribution means the contribution made under Section 4.10.
Qualified Non-Elective Contribution means a contribution made pursuant to Section 3.1(d) and allocated to Participants’ Accounts when such contribution is designated by the Employer as Nonforfeitable and subject to the Limitations on withdrawal for Salary Deferral Contributions described in Code Section 401(k)(2)(B).
Qualified Non-Elective Contribution means a contribution (other than a Matching Contribution or a Salary Deferral Contribution) made by the Employer and allocated to Participants' Accounts when such contribution is designated by the Employer as Nonforfeitable and subject to the limitations on withdrawal for Salary Deferral Contributions as described in Section 4.11 and Treasury Regulations ss.l.401(k)-1(b) (5). In order to be considered in calculating a Participant's Deferral Percentage, the Qualified Non-Elective Contribution must be made before the last day of the 12 month period following the end of the Plan Year to which the contributions relate.