Participant Deferrals Clause Examples

Participant Deferrals. For purposes of calculating Participant Deferrals, Compensation includes only those amounts paid after the Employee has made both his initial payout election under section 5.04 and his Enrollment Agreement under section 3.01. Compensation does not include any amounts paid after the Participant ceased to be eligible to participate in the Plan. A Participant who begins participating in the middle of a Plan Year cannot make Participant Deferrals from a bonus under paragraph (a)(iii) that is attributable to the Participant’s services during the Plan Year in which his participation begins. For example, a Participant hired in September 2010 cannot make Participant Deferrals from the incentive compensation paid to him in February 2011.

Participant Deferrals. (a) Subject to the Joinder Agreement, Participants may elect to have a portion of their Compensation deferred and to have these Deferrals contributed to the Plan by the Employer. Deferrals shall be withheld from a Participant's paychecks in accordance with the rules established by the Plan Administrator. A Participant's Deferrals cannot exceed in any one taxable year the amount determined in Subsection (c), and Deferrals shall cease at such time as the limit determined in Subsection (c) has been reached. All Deferrals shall be paid by the Employer to the Trustee as soon as practicable, but in no event more than 90 days after the date on which such Deferrals were withheld from the Participant's Compensation; provided, however, that in no event shall Deferrals for a Plan Year be paid by the Employer to the Trustee later than 30 days after the end of the Plan Year. A Participant who does not make an authorization under Subsection (a) when he first joins the Plan may make one at any later date. The effective date of such an authorization shall be the Entry Date following the date on which the Plan Administrator receives the authorization form. If the contribution rate of Participants who are Highly Compensation Employees must be reduced as provided in this Section and/or Section 4.3, the Plan Administrator shall advise each affected Participant of his reduced contribution rate(s). (b) The Recordkeeper shall establish on its books a 401(k) Account in the name of each Participant who elects to make Deferrals. A Participant's 401(k) Account shall be credited with his Deferrals, credited or debited with gains or losses of the Trust Fund, debited for the purchase of life insurance, and debited for distributions. (c) A Participant's maximum allowable Deferral shall not exceed the lowest of: (1) the maximum amount permitted under the Joinder Agreement; (2) the amount which, when added to his Annual Additions for the Limitation Year (as determined in accordance with Section 5.2 before taking the Deferral into account) equals the Participant's maximum allowable Annual Additions for such Limitation Year; (3) the maximum Deferral allowable under Subsection (d); and (4) for years beginning on or after January 1, 1987, $7,000, or such other amount permitted under section 402(g) of the Code for such year. (d) For Plan Years beginning on or after January 1, 1987, the Actual Deferral Percentage of Highly Compensated Employees shall not exceed the Actual Deferral Percentage of...

Participant Deferrals. A Participant will be entitled to compensation deferrals under the Plan in accordance with the Participant's deferral election made pursuant to the terms of the Associate Savings Plan. A Participant will be entitled to credits under the Plan to the extent that the Participant's elective deferrals exceed the Applicable Limitations under the Associate Savings Plan. Any amounts which cannot be credited to the Participants accounts under the Associate Savings Plan because of Applicable Limitations shall be credited to his or her Account maintained pursuant to Section 5.1.

Participant Deferrals. Employer Matching Credits

Participant Deferrals. Each Participant shall be entitled to defer --------------------- from 2% to 20% (specify allowable whole percentages) of his Compensation for the -- --- period in question by electing to have the Employer contribute the Deferral to the Participant's 401(k) Account instead of paying the deferred amount to the Participant in cash.

Participant Deferrals. Each Participant participating in the Plan shall execute a Deferred Compensation Agreement authorizing the Company to withhold a specific dollar amount or a percentage of the Participant's Compensation which would otherwise be paid to the Participant with respect to services rendered. Compensation shall be defined for purposes of the foregoing as the cash compensation payable to the Participant in connection with the Participant's services to the Company, including all amounts which a Participant elects to have the Company contribute on his behalf as a deferral contribution ("Compensation"). The deferral percentage is applied to Compensation after all other applicable payroll deductions have been applied. The Committee may, in its discretion, establish in the Deferred Compensation Agreement minimum and maximum levels of bonus and non-bonus compensation that may be deferred pursuant to the Plan. Compensation deferrals made by a Participant under this Plan shall be held as an asset of the Company.

Participant Deferrals. Deferrals elected to be made by a Participant shall be indicated by completion of his or her Deferral Election. X The minimum amount that may be deferred each Plan Year is the greater of one thousand dollars ($1,000) or two percent (2%) of the Participant's Compensation. (OPTIONAL)

Participant Deferrals. A Participant's Deferrals shall be credited to --------------------- the Participant's 401(k) Account as of the date the Deferrals are deducted by the Employer from the Participant's Compensation, but without any portion of the gains or losses of the Trust Fund earnings thereon until such time as they are invested by the Trustee. Qualified Nonelective Contributions shall be allocated to the Qualified Nonelective Contribution Accounts of the Eligible Employees who are not Highly Compensated Employees in the Plan Year for which the Qualified Nonelective Contributions are made and shall be allocated to the Qualified Nonelective Contribution Account of each such Eligible Employee in the proportion that his Compensation for the Plan Year bears to the Compensation of all such Eligible Employees for the Plan Year.

Participant Deferrals. The amounts credited to a Participant's Account under Section 4.1.