Basic Deposits definition

Basic Deposits means that amount, not less than 1%, nor more than 7%, except that Participants who are Employees of CEA Newark Bay Services, Inc. shall be entitled to elect maximum Basic Deposits of 8%, of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
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Basic Deposits means that amount, not less than 1%, nor more than 8% (or such lower maximum percentage as may be established by the Committee) of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
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Basic Deposits means that amount, not less than 1%, nor more than 8% of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
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Examples of Basic Deposits in a sentence

  • A withdrawal pursuant to this Section 5.06(a) shall be deducted from the Participant's subaccounts in the following order, with each subaccount being exhausted before amounts are deducted from the next subaccount: (1) Supplemental Contributions; (2) Rollover Contributions; (3) Basic Deposits; (4) Matching Contributions; and (5) Deferred Profit Sharing Contributions.

  • Basic Deposits and Supplemental Contributions shall be made by payroll deduction.

  • The Participant's Basic Deposits and Supplemental Contributions under this Plan and all elective deferrals or employee contributions under any other qualified or non- qualified pension, profit sharing, retirement or deferred compensation plan (other than mandatory contributions to a defined benefit plan) maintained by the Company or any Affiliate shall be suspended for at least twelve (12) months following the hardship withdrawal.

  • The Company Stock Fund shall constitute an available investment fund only with respect to Basic Deposits, Supplemental Contributions, Matching Contributions and Deferred Profit Sharing contributions, and the earnings thereon, allocated to the Participant's account on or after January 1, 1995 ("Post-1994 Contributions").

  • An account shall be established for each Participant with separate subaccounts, as needed, to reflect the Participant's: (i) Basic Deposits, (ii) Matching Contributions, (iii) Deferred Profit Sharing Contributions, (iv) Rollover Contributions, and (v) Supplemental Contributions.

  • The Participant is not required to elect to make Basic Deposits and/or Supplemental Contributions when first eligible to do so, but may file the election a later time, provided that the eligibility requirements of Section 2.01 are satisfied at the time of the election.

  • The Highly Compensated Employees with respect to whom a distribution will be made shall be determined by reducing (or leveling) the maximum allowable level of Basic Deposits to a percentage determined by the Committee that, if applied to all Highly Compensated Employees with a deferral percentage above that level, would result in the average deferral percentage test being satisfied for the year.

  • A Participant may file a written election to make Basic Deposits and/or Supplemental Contributions.

  • In the event that a Borrower defaults on an outstanding loan, the Borrower's ability to make Basic Deposits and Supplemental Contributions shall be suspended for a period of at least twelve (12) months following the default as if such default had constituted a hardship withdrawal under Section 5.07(c)(iii).

  • A withdrawal pursuant to this Section 5.07(a) shall be deducted from the Participant's subaccounts in the following order, with each subaccount being exhausted before amounts are deducted from the next subaccount: (1) Supplemental Contributions; (2) Rollover Contributions; (3) Deferred Profit Sharing Contributions; (4) Matching Contributions; and (5) Basic Deposits.


More Definitions of Basic Deposits

Basic Deposits means the amounts designated by a
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Basic Deposits means all deposits made by a Participant to his Employee Account other than as provided in Article X.C.1.b., not in excess of the following percentages of the Participant's Compensation at the time of such deposit:
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Basic Deposits means all deposits:
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Related to Basic Deposits

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Reserve Accounts means the Tax Account, the Insurance Account, the Replacement Reserve Account, the Immediate Repair Account, the Leasing Reserve Account, the Excess Cash Flow Account, the Operating Expense Account, the Ground Rent Account and any other escrow account established by this Agreement or the other Loan Documents (but specifically excluding the Cash Management Account, the Restricted Account and the Debt Service Account).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Imposition Deposits are defined in Section 7(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reallocated Class B Principal Collections shall have the meaning ----------------------------------------- specified in subsection 4.14(b) of the Agreement.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.