Annual Profit Sharing Allocation definition

Annual Profit Sharing Allocation means the amount paid to an Eligible Employee in accordance with the terms of Article 5 hereof.

Examples of Annual Profit Sharing Allocation in a sentence

  • The Annual Profit Sharing Allocation (as defined in the Plan) for Crew Members shall continue to be calculated from Pre-Tax Profits (as defined in the Plan) consistent with the terms of the Plan.

  • The three attributes of SLF can be calculated using Equations (2)–(4) given in Reference [9].

  • Supplier develops, manufactures, markets and sells certain golf course management hardware and software products for use on individual golf courses, which products are sold under the ProLink, GameStar and ProStar name and are made up of selected hardware as set forth on Exhibit A and software (the “Product”).

  • For auditing purposes, the Company shall provide the Local Union President, or his designee, a report showing the Annual Profit Sharing Allocation, identifying the Crew Members who willbe receiving a share of the Annual Profit Sharing Allocation (and those who will not be), and explaining and demonstrating the calculation used to apportion the Annual Profit SharingAllocation among the Crew Members.

  • If an Eligible Employee’s employment terminates prior to the last day of a Plan (calendar) year by reason of death, such Eligible Employee’s Annual Profit Sharing Allocation for such Plan year shall be paid to his or her beneficiary, as designated by such Eligible Employee in his or her Company-provided life insurance policy.

  • REQUEST PROCEDURE: Requests for assistance from Barksdale AFB can be made by contacting Caddo OHSEP or the Emergency Operations Center (EOC) who in turn will follow request procedures as outlined in the BAFB Operations Plan.

  • All those who commented on this question, including the Law Society, the Crown Law Department and the Commissioner of Police, agreed that the order should be made against the Consolidated Revenue Fund (with the State possibly having some right of recourse against the offender: see paragraphs 31 to 34 below).

  • If a Crew Member’s employment terminates in a Plan (calendar) year by reason of death, or if an eligible Retired Crew Member dies in a Plan (calendar) year, the Plan will pay all of that Crew Member’s and Retired Crew Member’s Annual Profit Sharing Allocation for that Plan year to his beneficiary as designated by him in his Company-provided life insurance policy.

Related to Annual Profit Sharing Allocation

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • 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.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • 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.

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

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

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

  • 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.

  • Excess Contribution means a contribution that exceeds the

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • 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.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • 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

  • 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.

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

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

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • Vacation Year means the twelve (12) month period commencing on the first (1st) day of April in each calendar year and concluding on the thirty-first (31st) day of March of the following calendar year.

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Plan Year means the calendar year.

  • Employer Contributions means all amounts paid into ASRS by an

  • 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.

  • 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.

  • Election Year means a year in which ordinary elections for local governments are required to be held;