Deductible Voluntary Contributions Sample Clauses

Deductible Voluntary Contributions. This Plan will not accept deductible voluntary contributions for taxable years beginning after December 31, 1986. Deductible voluntary contributions made in prior taxable years shall be maintained in the Participant's Deductible Voluntary Contribution Account and shall share in the gains and losses of the Trust Fund in accordance with Section 8.02(e). No part of a Participant's Deductible Voluntary Contribution Account may be used to purchase life insurance. A Participant may withdraw all or a portion of his or her Deductible Voluntary Contribution Account in accordance with Section 11.01.
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Deductible Voluntary Contributions. (a) No Deductible Voluntary Contributions are permitted for Plan Years beginning after December 31, l986.
Sample 1
Deductible Voluntary Contributions. The Plan shall not accept deductible voluntary contributions. All deductible voluntary contributions made pursuant to the Prior Plan Statement shall be held in the Deductible Voluntary Account and shall continue to share in any trust earnings or losses, and be distributed in accordance with the provisions of Section 7.
Sample 1
Deductible Voluntary Contributions. Prior to January 1, 1987, the Plan accepted deductible voluntary contributions made in accordance with Section 3.6 of the Prior Plan Statement. All such contributions held in the Deductible Voluntary Account shall continue to share in any trust earnings or losses, and be distributed in accordance with the provisions of Section 7. Effective January 1, 1987, however, the Plan shall not accept deductible voluntary contributions for a taxable year of the Participant beginning after December 31, 1986.
Sample 1
Deductible Voluntary Contributions. 5 ARTICLE V. CODE SECTION 415 LIMITATIONS ON ALLOCATIONS .................. 5 5.01 Employers Maintaining No Other Plan .......................... 5 5.02 Employers Maintaining Other Master or Prototype Defined Contribution Plans ................................... 6 5.03
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Related to Deductible Voluntary Contributions

  • Voluntary Contributions 16.10 Where an Employee wishes to make voluntary contributions to the Fund, the Employee may authorise the Employer to deduct from the Employee’s wages an amount or percentage specified by the Employee. Voluntary contributions deducted under this provision will be forwarded to the Fund by the Employer at the same time as the Employer’s contributions. Where the Employer receives written authorisation from an Employee, it must commence making payments into the Fund on behalf of the Employee within fourteen days of receiving the authorisation.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • 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.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • 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.

  • Voluntary Employee Contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • 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.

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