Basic Pre-Tax Savings definition

Basic Pre-Tax Savings means the contributions made on a Member's behalf that are credited to his Pre-Tax Investment Account in accordance with Section 4.1(a)(iv)(1).
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Basic Pre-Tax Savings means the contributions made on a Member’s behalf that are credited to his or her Pre-Tax Investment Account in accordance with Section 4.1(a)(vii)(A).
Sample 1

Examples of Basic Pre-Tax Savings in a sentence

  • The Company shall contribute to the Plan on behalf of each of its Members who elects to make Basic Pre-Tax Savings, a Matching Company Contribution each payroll processing period.

  • The Member's Basic Pre-Tax Savings and corresponding Matching Company Contributions shall be reduced to the extent necessary.

  • Notwithstanding the foregoing, Matching Company Contributions shall not be made during the period the Member’s Basic Pre-Tax Savings are suspended as described in Section 4.3(c) or 9.3(d).

  • The amount of the reduction attributable to the Member's Basic Pre-Tax Savings shall be returned to the Member, together with any earnings on 32 those contributions to be returned, and the amount attributable to Matching Company Contributions shall be forfeited and used to reduce subsequent contributions payable by the Company.

  • But that same passion led me to discover that not all tradition is necessarily biblical.

  • Effective for payroll processing periods on or after January 1, 2002, the Matching Company Contribution amount is equal to 100 percent of the first 1 percent, and 50 percent of the next 4 percent, of the Member's Salary contributed to the Plan as Basic Pre-Tax Savings on behalf of the Member during each payroll processing period.

  • The Matching Company Contribution amount is equal to 50 percent of the first 6 percent of the Member’s Salary contributed to the Plan as Basic Pre-Tax Savings on behalf of the Member during each payroll processing period.

  • Although he was only partially successful, it was a starting point for his further research leading to the development of a methodology for the solution synthesis of proteins, which may be considered an alternative to the Merrifield solid- phase process.37 As is well-known to Japanese historians of chemistry, Sakakibara became head of the Peptide Center of the Osaka Institute for Protein Research, which had been founded in 1959 under the later president of Osaka University, Shiro Akabori.

  • Also, Sanusi and Awe (2009), built their findings on the economic theory that whatever is purchased depends on income available and the relative prices of commodities.

  • Effective for payroll processing periods prior to January 1, 2002, the Matching Company Contribution amount is equal to 50 percent of the first 5 percent of the Member's Salary contributed to the Plan as Basic Pre-Tax Savings on behalf of the Member during each payroll processing period.

Related to Basic Pre-Tax Savings

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • 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.

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Base Tax Year means the property tax levy year used

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • alternative maximum council tax reduction means the amount determined in accordance with paragraph 31 and Schedule 4;

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • MUNICIPAL TAXABLE INCOME means the following:

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Excess Contribution means a contribution that exceeds the

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • 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.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Class B Fixed Allocation means, with respect to any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Investor Interest as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the Investor Interest as of the close of business on the last day of the Revolving Period.

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

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

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.