Compensation Reduction Contributions definition

Compensation Reduction Contributions means the pre-tax contributions made at the Participant's election pursuant to Section 4.2
Compensation Reduction Contributions means the pretax elective deferrals directed by participants pursuant to §2.4.6(a).
Compensation Reduction Contributions means the amount contributed pre-tax to the Plan pursuant to Section 4.01(a).

Examples of Compensation Reduction Contributions in a sentence

  • Furthermore, such procedure may permit the Participant to elect which type of Compensation Reduction Contributions shall be distributed first.

  • The term “Compensation Reduction Contributions” includes Pre-Tax Compensation Reduction Contributions and Roth Compensation Reduction Contributions.

  • The term “Compensation Reduction Contributions Account” includes the Pre-Tax Compensation Reduction Contributions Account and the Roth Compensation Reduction Contributions Account.

  • Roth Compensation Reduction Contributions may be withdrawn for a loan subject to the same conditions that apply to Pre-Tax Compensation Reduction Contributions.

  • All discretionary contributions made under the Plan must be designated as Pre-Tax Compensation Reduction Contributions, Roth Compensation Reduction Contributions or as Employee Voluntary Contributions.

  • The Employer may, in operation, implement deferral election procedures for Roth Compensation Reduction Contributions provided such procedures are communicated to Participants and permit Participants to modify their elections at least once each Plan year.

  • This election will be referred to as a Compensation Reduction Election, and such Contributions will be referred to as Compensation Reduction Contributions.

  • Such Accounts may include the Compensation Reduction Contributions Account, the Roth Compensation Reduction Contributions Account, the Employer Matching Contribution Account, the Employer Non-Elective Contribution Account, the Employee Voluntary Contribution Account, and the Employee Rollover Contribution Account.

  • For this purpose, the Compensation Reduction Contributions of the Highly Compensated Employee with the highest dollar amount of Compensation Reduction Contributions shall be reduced by the amount required to cause that Highly Compensated Employee’s Compensation Reduction Contributions to equal the dollar amount of Compensation Reduction Contributions of the Highly Compensated Employee with the next highest dollar amount of Compensation Reduction Contribution.

  • The Plan Administrator or its delegate will establish and maintain records of each Participant’s Compensation Reduction Contributions Account.


More Definitions of Compensation Reduction Contributions

Compensation Reduction Contributions means those contributions described in section 4.1.
Compensation Reduction Contributions and "Compensation Reduction Contribution Account" means those contributions made by the Employer on behalf of a Participant in accordance with such Participant's election pursuant to Section 4.1(a) and that portion of the Participant's Account to which such contributions are credited.

Related to Compensation Reduction Contributions

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Basic Compensation means Salary and Benefits.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Employer Contributions means all amounts paid into ASRS by an

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • 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.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • 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.

  • Accumulated contributions means the sum of all

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Total Compensation means the cash and noncash dollar value earned by the executive during the Subcontractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)):

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

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • 415 Compensation means:

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Nonelective Contribution means an amount contributed by a participating

  • Annual Cash Compensation means the sum of (I) the Employee's highest Base Salary (i.e., one year's salary at its highest rate), plus (II) the "Applicable Average Bonus" as defined in subparagraph 5(a)(i)(B) above.