Catch-up Contribution Election definition

Catch-up Contribution Election means the agreement between the Participant and the Employer whereby the Participant directs the Employer to contribute a designated dollar amount of his Base Pay as Catch-Up Contributions to the Trust. A Participant's Catch-Up Contribution Election will automatically apply to subsequent years following the election year unless the Catch-Up Contribution Election is changed or revoked.
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Catch-up Contribution Election means the agreement between the Participant and the Employer whereby the Participant directs the Employer to contribute a designated dollar amount of his Base Pay as Catch-Up Contributions to the Trust. A
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Catch-up Contribution Election means the agreement between the Participant and the Employer whereby the Participant elects and directs the Employer to contribute in whole multiples of 1% (limited by the amount required to be withheld for employment tax and other benefit withholdings purposes) certain amount of his/her Compensation to the Plan’s trust as Catch-up Contribution.
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Examples of Catch-up Contribution Election in a sentence

  • Each Participant who is eligible pursuant to Section 4.05(a) may elect to make a Catch-up Contribution Election by giving the Appropriate Request to the Employer which shall be in increments of not less than one percent (1%) or greater than fifty (50%) of the Participant’s Compensation.

  • By delivering an Appropriate Request to the Employer, a Participant may increase or decrease his Catch-up Contribution Election within the limits established by the preceding paragraph.

  • The Participant may execute a new Catch-up Contribution Election at any time following the cessation of his Catch-up Contribution.

  • Any new Catch-up Contribution Election shall be effective as soon as administratively practicable following the date the Appropriate Request was received by the Employer.

  • The Participant may execute a new Catch-up Contribution Election at any time following the cessation of his Roth Catch-up Contribution.

  • A Participant’s Catch-up Contribution and/or Roth Catch-up Contribution Election shall be made at the same time and in the same manner for electing Employee CAP Contributions and/or Roth Employee CAP Contributions under Section 3.4. In the absence of a new Election, a Participant’s current Catch-up Contribution shall automatically remain in effect.

  • By delivering an Appropriate Request to the Employer, a Participant may increase or decrease his Roth Catch-up Contribution Election within the limits established by the preceding paragraph.

  • Each Participating Employer that withholds Catch-up Contributions from an Active Participant’s paycheck pursuant to a Catch-up Contribution Election under Section 3.9 shall pay such Catch-up Contribution to the Trustee as of the earliest date on which such Contribution can reasonably be segregated from the Participating Employer’s general assets.

  • Notwithstanding anything herein to the contrary, the Plan Administrator may modify any Catch-up Contribution Election of any Active Participant at any time to the extent the Plan Administrator believes necessary to comply with the limitations of this Section 3.10 and Code Section 414(v).

  • The Board has designedForm TSP-U-1-C, Catch-up Contribution Election, for this purpose.


More Definitions of Catch-up Contribution Election

Catch-up Contribution Election means an Appropriate Request designating the amount by which the Participant’s Compensation shall be reduced in accordance with Section 4.01(e) of the Plan.
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Catch-up Contribution Election means an election by an Active Participant directing the Participating Company of which he is an Employee to withhold an amount from his current Compensation and to contribute such withheld amount to the Plan as a Catch-up Contribution. In order to make a Catch-up Contribution Election, a Participant shall meet the eligibility requirements of Section 3.10 and shall have made an election to make Pre-Tax Contributions up to the Maximum Deferral Amount.
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Related to Catch-up Contribution Election

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • 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.