Basic After-Tax Contributions definition

Basic After-Tax Contributions means a Basic Contribution made to the Plan by a Participant on an after-tax basis.
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Basic After-Tax Contributions means that part of a Contributing Participant's Compensation which he contributes to the Trust Fund on an after-tax basis, as provided in Paragraph 4.1 hereof.
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Basic After-Tax Contributions means the after-tax contributions made by a Participant under Section 3.2 to the extent that such contributions, do not, as to any
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Examples of Basic After-Tax Contributions in a sentence

  • A Participant who has completed five or more Years of Credited Service and who has withdrawn all of his or her pre-1987 Supplemental and Basic After-Tax Contributions under subsection (a) may then withdraw from the Trust any or all of his or her Supplemental and Basic After-Tax Contributions made after 1986 and earnings thereon.

  • A Participant may withdraw from the Trust (i) in cash, any or all of his or her Supplemental and Basic After-Tax Contributions made prior to 1987 and/or (ii) some or all of the shares of Company Stock purchased with such After-Tax Contributions.

  • The Participant's annual addition under this Plan shall be reduced, by reducing and refunding to Participant, first, his or her Supplemental After-Tax Contributions, then his or her Supplemental Pre-Tax Contributions, then his or her Basic After-Tax Contributions, and then his or her Basic Pre-Tax Contributions for the limitation year.

  • After-Tax Contributions: Contributions made by Participants on an after-tax basis, which include Basic After-Tax Contributions and Unrestricted After-Tax Contributions.

  • The amount of a Member’s Basic After-Tax Contributions shall be credited to his Basic After-Tax Contribution Account.

  • After-Tax Contributions which are not Basic After-Tax Contributions shall be classified as Unrestricted After-Tax Contributions and shall not be taken into account in determining the amount of Company Matching Contributions made on behalf of Participants.

  • Before-Tax Contributions actually made in excess of the amount permitted under subsections 3.5(b)(i) and 3.5(b)(ii) shall be recharacterized as Basic After-Tax Contributions or Unrestricted After-Tax Contributions, as applicable, by the close of the Plan Year following the Plan Year for which such Before-Tax Contributions were made.

  • If, after returning such contributions to the Member, an excess still exists, his Basic After-Tax Contributions and the related Employer Contributions for the Plan Year (and allocable income thereon) shall then be reduced proportionately; such Basic After-Tax Contributions shall be refunded to him as soon as practicable.

  • A Participant who has completed five or more Years of Credited Service and has withdrawn all of his or her Supplemental After-Tax Contributions under subsection (a) may then elect to withdraw from the Trust any or all of his or her Basic After-Tax Contributions.

  • Basic After-Tax Contributions or Unrestricted After-Tax Contributions, as applicable, deposited to a Participant's Account pursuant to (ii) above will be allocated to the Plan funds in the same manner as Before-Tax Contributions made on behalf of the Participant.


More Definitions of Basic After-Tax Contributions

Basic After-Tax Contributions means the contributions of a Participant by means of payroll deductions from the Participant's compensation after applicable income taxes in accordance with the provisions of Section 3.1, with respect to which contributions an allocation of Employer Contributions is made pursuant to Section 4.1.
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Related to Basic After-Tax Contributions

  • After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • 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.

  • After-Tax Account means a Participant’s account to which are credited After-Tax Contributions, if any, and earnings and losses thereon.

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

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

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

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

  • Employer Contributions means all amounts paid into ASRS by an

  • Contribution Amounts the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution Indebtedness pursuant to Subsection 8.1(b)(xi).

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

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Precontribution Gain has the meaning set forth in subparagraph 4(c) of Exhibit B.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • 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.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

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

  • 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).

  • Excess Contribution means a contribution that exceeds the

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Regular contributions means the amounts required to be

  • Accumulated contributions means the sum of all

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Member contribution means a contribution under regulation 32;

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.