ALLOCATION OF ELECTIVE DEFERRALS Sample Clauses

ALLOCATION OF ELECTIVE DEFERRALS. The Employer shall contribute to each Employee's SEP-IRA xxx amount of the Elective Deferrals designated in his or her Salary Savings Agreement.
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ALLOCATION OF ELECTIVE DEFERRALS. Participant’s Pre-tax Elective Deferrals will be allocated to the Participant’s Pre-Tax Elective Deferral Account. Each Participant’s Xxxx Elective Deferrals (if any) will be allocated to the Participant’s Xxxx Elective Deferral Account.
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ALLOCATION OF ELECTIVE DEFERRALS. The Committee shall allocate to each Member an amount equal to his or her Elective Deferrals for each Allocation Period.
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ALLOCATION OF ELECTIVE DEFERRALS. Elective Deferrals shall be allocated to the Elective Deferral Account of each Participant as of the Valuation Date coinciding with or next following the date the Elective Deferral is contributed to the Plan. The amount of the allocation shall be equal to the Elective Deferrals of that Participant.
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ALLOCATION OF ELECTIVE DEFERRALS. MATCHING CONTRIBUTIONS AND QUALIFIED MATCHING CONTRIBUTIONS. Elective Deferrals, Matching Contributions and Qualified Matching Contributions made on behalf of a Participant shall be allocated to his or her Account as of the Valuation Date coinciding with or next following the date on which such contributions are received by the Trustee; provided, however, that any such contributions made after the last Valuation Date of a Plan Year which are attributable to such year shall be allocated as of the last Valuation Date of such year.
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ALLOCATION OF ELECTIVE DEFERRALS. At the time of payment of Elective Deferrals to the Trust pursuant to Section 4.2, the Employer shall deliver to the Plan Administrator a schedule showing the name of each Participant for whom Elective Deferrals are included in such payment and the amount of Elective Deferrals made on behalf of each such Participant. Subject to the provisions of Articles VI and XII, the Plan Administrator shall allocate to the Elective Deferral Account of each Participant listed on such schedule the amount of Elective Deferrals made on his behalf to the Trust as shown therein.
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ALLOCATION OF ELECTIVE DEFERRALS. The Employer shall contribute and allocate to each Participant's IRA under the Plan an amount equal to the amount of the Participant's Elective Deferrals. 5.4 Timing of Elective Deferrals: No Elective Deferrals may be based on Compensation an Employee received or had a right to receive, immediately before execution of a Salary Reduction Agreement. Notwithstanding the preceding sentence, an Employee may use Compensation received during a Plan Year prior to executing a Salary Reduction Agreement as a basis for determining his or her Elective Deferrals, but not as a source of their Elective Deferrals. 5.5 Transmission of Elective Deferrals: An Employer shall deposit such Elective Deferrals into the Participant's IRA under the Plan in a form and manner acceptable to the Custodian and as soon as such contributions can be reasonably segregated from the Employer's general assets, but no later than the close of the 30-day period following the last day of the month in which the amounts were withheld from the Employee's Compensation. ARTICLE VI
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Related to ALLOCATION OF ELECTIVE DEFERRALS

  • 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.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • 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.

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

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • 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.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Deferral Account 3.1 Establishing and Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

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

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