Contribution Type Sample Clauses

Contribution Type. A Plan Sponsor may choose one or more types of Plan Sponsor Contributions.
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Contribution Type. Contributions under a SIMPLE XXX plan are in the form of employee salary deferrals, employer contributions (either matching or non-elective) and any other type permitted by the Code or Regulations
Sample 1
Contribution Type. X. Xxxx Price is considered to be an approved vendor for the Plan, and participants may direct 403(b)(7) contributions to X. Xxxx Price unless you check “No direct contributions.” When “No direct contributions” is checked, participants will only be able to exchange between approved vendors listed in Section 5D. Check all applicable contribution types: 🞏 Pretax salary reduction �� Employer discretionary 🞏 Employer matching 🞏 No direct contributions 5C Rollover Contributions Does the Plan accept participant rollover contributions? Check one: 🞏 No 🞏 Yes • If this is a non-ERISA plan, Employer authorizes X. Xxxx Price to automatically process all direct and indirect participant rollover contributions, excluding rollovers of after-tax amounts. • If this is an ERISA plan, the Plan Administrator is required to authorize each participant rollover contribution before acceptance by X. Xxxx Xxxxx. 5D Investment Vendors Complete this section to provide or update vendor information. This will replace any vendors currently on file with X. Xxxx Price within the same Employer Plan. If this section is left blank, vendors will not be added or changed.
Sample 1
Contribution Type. Contributions under a SIMPLE IRA plan are in the form of employee salary deferrals, employer contributions (either matching or non-elective) and any other type permitted by the Code or Regulations.
Sample 1
Contribution Type. X. Xxxx Price is considered to be an approved vendor for the Plan, and participants may direct 403(b)(7) contributions to X. Xxxx Price unless you check “No direct contributions.” When “No direct contributions” is checked, participants will only be able to exchange between approved vendors listed in Section 5D. Check all applicable contribution types:  Pretax salary reductionEmployer discretionaryEmployer matching  No direct contributions 5C Rollover Contributions Does the Plan accept participant rollover contributions? Check one:  No  Yes • If this is a non-ERISA plan, Employer authorizes X. Xxxx Price to automatically process all direct and indirect participant rollover contributions, excluding rollovers of after-tax amounts. • If this is an ERISA plan, the Plan Administrator is required to authorize each participant rollover contribution before acceptance by X. Xxxx Price.
Sample 1
Contribution Type. All contributions Matching Contribution (Formula 1) Matching Contribution (Formula 2) Non-Elective Contribution (Formula 1) Non-Elective Contribution (Formula 2) QMAC QNEC 1
Sample 1
Contribution Type. 5. Depositor Authorization □ XXXX XXX □ XXXX Conversion IRA (Check One) □ XXXX contribution for tax year 20 □ Transfer of existing XXXX XXX I understand that I have the right to direct the investment and reinvestment of contributions to my Account and xxxxxx appoint the following brokerage firm as my agent to execute my directions, as Xxxxxx under the terms of the Custodial Agreement. BROKERAGE FIRM ACCOUNT NUMBER
Sample 1
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Related to Contribution Type

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • 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:

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • 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.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • 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.

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