Catch-Up definition

Catch-Up means a catch-up amount or catch-up limitation for a participant for a taxable year per the annual deferral permitted under § 414(v) or § 457(b)(3) of the Internal Revenue Code to the extent the amount of the annual deferral for the participant for the taxable year is permitted to exceed the plan ceiling applicable under § 457(b)(2), and as permitted pursuant to section 5 of this Plan document.

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Catch-Up. CONTRIBUTIONS: Eligible employees who have attained at least age fifty (50) on or before the close of each Plan Year, shall be eligible to make pre-tax catch-up contributions in accordance with, and subject to the limitations of, IRS Code Section 414(v). LOAN PROVISION: Loans may be taken against 401(k) account balances, minimum $1,000, maximum $50,000 (or 50% of total account balance, whichever is less). General-purpose loans are required to be paid back within five (5) years. Loans for the purchase of a primary residence are required to be paid back within ten (10) years. Details regarding loan provisions, including loan fees, interest rates and repayment, are incorporated within the SPR 401(k) Plan Participant Loan Policy.

Catch-Up. Provision: The following “catch-up” provision allows eligible participants to exceed the 402(g) limit.

Examples of Catch-Up in a sentence

• Such interest shall be paid at the same time that the Catch-Up Amount is paid.

• Sick leave conversion contributions for the "457 Catch-Up" will normally be distributed over the 3 calendar years ending prior to the calendar year of an employee's planned NRA (or alternate NRA).

• Employees may not make "Special Section 457 Catch-Up" contributions in the year they attain their Normal Retirement Age (NRA).

• Pursuant to federal and state law and the City’s deferred compensation plan, employees may take advantage of the 457 Deferred Compensation Plan "Catch-Up" provisions and allowances as defined in the City's Great West 457 Plan document.

• Provisions in the Plan relating to Catch-Up Contributions apply to Elective Deferrals or ▇▇▇▇ Elective Deferrals made after 2001.

More Definitions of Catch-Up

Catch-Up has the meaning set out in Section 5.6(a) of this Agreement.

Catch-Up contributions as defined by the IRS

Catch-Up means, with respect to a Purchaser, when such Purchaser has Purchased DIP Term Notes, including any Issuance of Roll-Up DIP Term Notes in connection therewith, equal to the product of (x) its Commitment Percentage multiplied by (y) all Advances, Roll-Up Advances, DIP Term Notes and Roll-Up DIP Term Notes made or issued since the Effective Date (as defined in the DIP Term Credit Agreement).

Catch-Up provision is a means by which Origin recoups the 10% performance allocation that was forgone to ensure the 6% return is met. After the 6% return is made to investors, 50% of the Fund’s profits are allocated to Origin until Origin has received an amount that equals 10% of the total increase in net asset value for that year. Once Origin’s performance allocation is “caught-up,” 90% of the increase in value is retained by the Fund for allocation to its investors and 10% is allocated to Origin.

Catch-Up has the meaning assigned in Section 8(b).

Catch-Up has the meaning set forth in Section 5.3(b) hereof.

Catch-Up means availability of the Program or any episode thereof on a FVOD basis from Licensee’s branded website for a period of no more than seven days from the linear broadcast of such Program or episode;