ADP Test Safe Harbor Employer Matched Contributions definition

ADP Test Safe Harbor Employer Matched Contributions means those amounts contributed by the Employer pursuant to Section 4.9(b) hereof.
Sample 1

Examples of ADP Test Safe Harbor Employer Matched Contributions in a sentence

  • Each investment election change made by a Participant pursuant to this Section 16.8 shall apply only to Pre-Tax Contributions, Post-Tax Contributions, Employer ADP Test Safe Harbor Employer Matched Contributions, SDRP Contributions, Qualified Plan Rollover Contributions, contributions to the Former Employer Supplemental Contribution Account, and, effective April 1, 2002, Employer Matched Contributions received by the Trustee after the change is implemented under the Plan and Trust.

  • The Participant’s Account derived from ADP Test Safe Harbor Employer Matched Contributions shall be nonforfeitable and may not be distributed earlier than Severance from Employment, death, disability, an event described in Code Section 401(k)(10), or the attainment of age fifty-nine and one-half (59-1/2).

  • Each Participant shall make an investment election in the manner prescribed by the Administrator, regarding his/her Pre-Tax Contributions, Post-Tax Contributions, ADP Test Safe Harbor Employer Matched Contributions, Employer SDRP Contributions, Qualified Plan Rollover Contributions, contributions to the Former Employer Supplemental Contribution Account and, effective April 1, 2002, Employer Matched Contributions.

  • In addition, to be qualified as an “enhanced matching contribution,” the rate of ADP Test Safe Harbor Employer Matched Contributions made on behalf of an Active LTSP Participant under the Plan for a Plan Year to the Active LTSP Participant’s Pre-Tax Contributions may not increase as the amount of an Active LTSP Participant’s Pre-Tax Contributions increases.

  • There shall be credited to the ADP Test Safe Harbor Employer Matched Contribution Account of an Active LTSP Participant all ADP Test Safe Harbor Employer Matched Contributions made on behalf of such Participant under this Plan.

  • The Minimum Contributions under Section 15.5(d) may not be forfeited upon a Participant’s withdrawal of deductible voluntary Participant contributions, nondeductible voluntary Participant contributions, Participant Pre-Tax Contributions, Roth Contributions (if any, to the extent permitted by the terms of the Plan), Employer Matched Contributions, ADP Test Safe Harbor Employer Matched Contributions, or SDRP Contributions.

  • Should an excess remain after returning excess Pre-Tax Contributions, and an excess remains that is comprised of Employer Matched Contributions, ADP Test Safe Harbor Employer Matched Contributions, or Employer SDRP Contributions, such excess shall be allocated to a suspense account established and administered in accordance with Section 6.14.

  • The preceding sentence shall apply with respect to Employer Matched Contributions or ADP Test Safe Harbor Employer Matched Contributions (to the extent the top-heavy requirements apply to the Plan).

  • Hardship distributions of ADP Test Safe Harbor Employer Matched Contributions are not permitted.

  • For purposes of determining the amount of ADP Test Safe Harbor Employer Matched Contributions to be allocated to each Active LTSP Participant for a particular payroll period, only Pre-Tax Contributions (including Catch-Up Contributions) and Post-Tax Contributions attributable to such payroll period, both of which in the aggregate do not exceed six percent (6%) of Eligible Compensation for such payroll period, will be taken into consideration.

Related to ADP Test Safe Harbor Employer Matched Contributions

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Employer Contributions means all amounts paid into ASRS by an

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Safe Harbor has the meaning set forth in Section 10.2(d).

  • Nonelective Contribution means an amount contributed by a participating

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Member contributions means all amounts paid to ASRS by a member.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Accumulated contributions means the sum of all