Before-Tax Contribution definition

Before-Tax Contribution means a contribution to the Trust Fund made on the behalf of a Participant pursuant to a Salary Deferral Agreement and which is not included in the Participant's gross income for Federal income tax purposes for the year in which such contribution was made.
Before-Tax Contribution means the compensation deferrals under Code Section 401(k) a Participant elects to make pursuant to Subsection 4.01. Notwithstanding the foregoing, for purposes of implementing the required limitations of Code Sections 401(k), 402(g), and 415 contained in Subsections 6.01, 6.03 and 6.05, Before-Tax Contributions shall not include Catch-Up Contributions or deferrals made pursuant to Code Section 414(u) by reason of an Eligible Employee’s qualified military service.
Before-Tax Contribution means a contribution to a Participant’s Before-Tax Account made pursuant to Section 2.3 of this Plan.

Examples of Before-Tax Contribution in a sentence

  • In addition to any other contributions, the Employer may, in its discretion, make Special Contributions for a Plan Year to the Before-Tax Contribution Account of any Eligible Employees.

  • The Before-Tax Contributions made on behalf of a Participant shall be credited to such Participant's Before-Tax Contribution Account and shall be invested in accordance with Article VI of the Plan.

  • This Account shall include a “Current Year Before-Tax Contribution Subaccount,” which will reflect only the Before-Tax Contributions made by the Participant during the current Plan Year.

  • If, in connection with the granting of a loan to a Participant, a portion or all of any of his or her Accounts has been liquidated, the Committee shall establish temporary “Counterpart Loan Accounts” (not subject to adjustment under Subsection 8.02) corresponding to each such liquidated or partially liquidated Account to reflect the current investment of that Before-Tax Contribution Account or Rollover Contribution Account, for example, in such loan.

  • Subject to the limitations set forth below, each Member may elect that his Employer shall contribute directly to the Trust Fund an amount equal to a whole percentage of his Pay, not less than 1% nor greater than such percentage as may be determined from time to time by the Company which amount shall be his Before-Tax Contribution.


More Definitions of Before-Tax Contribution

Before-Tax Contribution means the compensation deferrals under Section 401(k) of the Code a Participant elects to make pursuant to Subsection 4.01. Notwithstanding the foregoing, for purposes of implementing the required limitations of Sections 402(g) and 415 of the Code contained in Subsections 6.03 and 6.05, Before-Tax Contributions shall not include Catch-Up Contributions or deferrals made pursuant to Section 414(u) of the Code by reason of an Eligible Employee’s qualified military service.
Before-Tax Contribution means, with respect to a Participant, the contribution by an Employer on his behalf described in Section 3.4 (Before-Tax Contribution Under the Savings Program) and, with respect to the Employer, means the sum of such contributions.
Before-Tax Contribution means an Employer contribution to the Trust Fund that is allocated to a Member’s Account pursuant to a Salary Reduction Agreement.
Before-Tax Contribution means any amount constituting a reduction of the Covered Compensation of a Member which a Member shall have elected to cause the Participating Company which is the employer of such Member to contribute to the Plan on behalf of such Member in lieu of cash.
Before-Tax Contribution means a salary reduction contribution made to the Plan on behalf of a Member pursuant to Article III.
Before-Tax Contribution means the contributions provided for in section 3.1 that are intended to be excluded from the Employee's income for federal income tax purposes pursuant to Code sections 401(k) and 402(e)(3).
Before-Tax Contribution means a contribution to a