Basic Compensation Deferral Date definition

Basic Compensation Deferral Date means the Effective Date in the initial Plan Year and January 1 of each Plan Year thereafter.
Sample 1
Basic Compensation Deferral Date means for each Plan Year the December 31st immediately preceding the first day of such Plan Year. Notwithstanding the foregoing, for the Plan Year beginning January 1, 2005, the Basic Compensation Deferral Date shall be March 15, 2005.
Sample 1

Examples of Basic Compensation Deferral Date in a sentence

  • No such election may be made, revoked, changed or modified after the applicable Basic Compensation Deferral Date.

  • No such election may be made, revoked, changed or modified on or after the applicable Basic Compensation Deferral Date.

  • With respect to each Plan Year, an Eligible Employee may make an election on or before the Basic Compensation Deferral Date for such Plan Year to defer a specified whole percentage (that is not more than fifty percent (50%)) of the Basic Compensation that otherwise would be payable to the Eligible Employee during such Plan Year.

  • Any such election shall be made on a Compensation Deferral Election Form delivered to the Committee or its designate on or before such Basic Compensation Deferral Date.

  • Any such election shall be made on a Compensation Deferral Election Form delivered to the Committee or its designate before such Basic Compensation Deferral Date.

  • With respect to each Plan Year, an Eligible Employee may make an election prior to the Basic Compensation Deferral Date on which such Plan Year begins to defer a specified whole percentage (that is not more than fifty percent (50%)) of the Basic Compensation that would otherwise be payable to the Eligible Employee during such Plan Year.

Related to Basic Compensation Deferral Date

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Basic Compensation means Salary and Benefits.

  • 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

  • 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.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Plan Year means the calendar year.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.

  • 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.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • 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.

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

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • 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.

  • 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.

  • 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.