Elective Deferral Accounts Sample Clauses

Elective Deferral Accounts. In-service distributions from Elective Deferral Accounts will be allowed as follows: [Check applicable box(es).]
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Elective Deferral Accounts. Iii-service distributions from Elective Deferral Accounts will be allowed as follows: [Check applicable box (es)]. a. [x] STANDARD: no distributions before separation from service. b. [ ] for the following financial hardship (s): [See Section 9.2 (h)(3). Check one or more.] (1) [ ] medical expenses [See Section 9.2 (b)(3)(ii)(A).] (2) [ ] purchase of principal residence [See Section 9.2 (b)(3)(ii)(B).] (3) [ ] tuition [See Section 9.2 (b)(3)(ii)(C).] (4) [ ] foreclosure or eviction [See Section 9.2 (b)(3)(ii)(D).] (5) [ ] other Puerto Rico Department of the Treasury "deemed" .financial hardship [Sec Section 9.2 (b)(3)(ii)(F).] (6) [ ] Others. [Attach appropriate addendum IX.C.1.b(6). 2.
Elective Deferral Accounts. In-service distributions from Elective Deferral Accounts will be allowed as follows: [Check applicable box(es).] a. [] STANDARD: No distributions before separation from service. b. [] On or after age 59 1/2 [See (S) 9.2(b)(4).] c. [X] For the following financial hardship(s): [See (S) 9.2(b)(3). Check one or more.] (1) [X] Medical expenses [See (S) 9.2(b)(3)(ii)(A).] (2) [X] Purchase of principal residence [See (S) 9.2(b)(3)(ii)(B).] (3) [X] Tuition [See (S) 9.2(b)(3)(ii)(C).] (4) [X] Foreclosure or eviction [See (S) 9.2(b)(3)(ii)(D).] 21

Related to Elective Deferral Accounts

  • 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.

  • 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:

  • 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.

  • 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.

  • 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.

  • 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.

  • 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:

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

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