Deferral Percentage. The Employee-Elected Company Contributions -------------------- and the Company Contributions (and a pro rata share of the investment earnings attributable to each) allocated to a Participant shall be reduced if necessary to comply with the deferred percentage limitations of Subsection 401(k)(3) of the Code (a copy of which is attached as Exhibit A). Whether such reduction is necessary shall be determined for each Year. Any such reduction shall be effected by reducing first, Employee-Elected Company Contributions, then (if necessary), the Company Contributions, allocated to Participants who are "highly compensated employees" of the Company (as defined in Section 414(q) of the Code) and whose "actual deferral percentage" (as defined in Section 401(k)(3)(B) of the Code) exceeds the permissible actual deferral percentage for highly compensated employees, commencing with those Participants whose actual deferral percentage is highest. The amount of any Participant's Employee-Elected Company Contributions reduced retroactively shall be paid to her in cash within two and one-half (2-1/2) months after the close of the Plan Year. Alternatively, to the extent provided in Treasury Regulations, UDLP may elect or permit the Participant to elect to treat all or a portion of the amount of excess Employee- Elected Company Contributions as an amount distributed to the Participant and then contributed by the Participant to the Plan.
Deferral Percentage. The ratio of the sum of the Contributions listed below to the Plan made for the Participant to the Participant's Compensation for the Plan Year:
Deferral Percentage. For each contribution period, a Participant-may elect that up to 50% of his or her Compensation received during the contribution period be withheld as an Elective Deferral. Elective Deferrals may be made in whole percentages of Compensation or in specific dollar amounts as designated by the Participant. The Administrator will have the right to direct that such percentages of Compensation be rounded to the next highest or lowest dollar. Furthermore, on a uniform nondiscriminatory basis, the Administrator may permit a Participant to identify separate components of the Participant’s Compensation (such as base salary, bonuses, etc.) and to specify that a different percentage (or dollar amount) apply to each such component.
Deferral Percentage. For each contribution period, a Participant may elect that up to 100% of his or her Compensation received during the contribution period be withheld as an Elective Deferral, inclusive of any other amounts allocated to such Participant and counted under Code §415(c) and §§611(b) and 632 of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA), to the maximum dollar amount permitted under Code §402(g). Elective Deferrals may be made in whole percentages (or if permitted by the Administrator, in fractional percentages) of Compensation or in specific dollar amounts as designated by the Participant. The Administrator will have the right to direct that such percentages of Compensation be rounded to the next highest or lowest dollar. Furthermore, on a uniform nondiscriminatory basis, the Administrator may permit a Participant to identify separate components of the Participant’s Compensation (such as base salary, bonuses, etc.) and to specify that a different percentage (or dollar amount) apply to each such component.
Deferral Percentage. Members may elect to defer from 1 to 50 percent of their base compensation to the Plan into an Elective Account on a pretax basis, after tax basis, or a combination of both, not to exceed 50 percent.
Deferral Percentage. Deferral Percentage" with respect to any Plan Year is the ratio (expressed as a percentage) of a Participant's Elective Deferrals (and Qualified Nonelective Contributions or Qualified Matching Contributions, or both, if treated as Elective Deferrals for purposes of the ADP Test) to such Participant's Testing Compensation.
Deferral Percentage. That percentage determined as one (1) minus the then current highest combined marginal federal and State of Georgia income tax rate imposed upon a taxpayer (whether corporate or an individual).
Deferral Percentage. The ratio of the amount of the Before-Tax Contributions to be paid over to the Savings Fund under the Plan on behalf of an Eligible Participant for a Plan Year to such Participant’s Compensation for such Plan Year. The Deferral Percentage for an Eligible Participant who is a Highly Compensated Employee for the Year and who is eligible to have Before-Tax Contributions allocated to his accounts under two or more plans or arrangements described in Section 401(k) of the Internal Revenue Code that are maintained by one or more Related Employers shall be determined as if all such Before-Tax Contributions were made under a single arrangement. For purposes of determining the Before-Tax Contributions to be taken into account pursuant to this Section 1.25, the following rules shall apply:
Deferral Percentage. ARTICLE 6: AFTER-TAX EMPLOYEE SAVINGS CONTRIBUTIONS; AVERAGE CONTRIBUTION PERCENTAGE TEST.......................23
Deferral Percentage. (i) The Excess 401(k) Contributions of the Highly Compensated Participant(s) (and Family Members(s)) with the highest Actual Deferral Percentage shall be reduced first, such reduction shall continue, as necessary, until such individual's (individuals') Actual Deferral Percentage equal(s) those of the individual(s) with the second highest Actual Deferral Percentage(s).
