Contribution Election definition
Contribution Election or “Election” means the election made by an Active Participant who is an Eligible Employee to reduce the Compensation to be paid to him by an amount equal to the product of his Contribution Percentage and such Compensation subject to the Contribution Election. Subject to Section 3.1(b), such Contribution Election will specify the portion of the Contribution that is a Before-Tax Contribution, the portion that is a Roth 401(k) Contribution, and the portion that is an After-Tax Contribution.
Contribution Election means the election made by an Eligible Associate or Participant selecting the percentage of Eligible Pay to be deferred and contributed to the Plan by the Employer as a Pre-tax Contribution.
Contribution Election or "Election" means the election made by a Participant to reduce his or her Compensation by an amount equal to the product of his or her Contribution Percentage and such Compensation subject to the Contribution Election.
Examples of Contribution Election in a sentence
Participants may opt out of Automatic Contribution Escalation, or opt back into it, at any time by completing and submitting a Contribution Election form.
Escalation of Participant Contributions will occur whether the Participant was making Before-Tax Contributions under Automatic Enrollment or by affirmatively completing a Contribution Election form.
Any Contribution Election which has not been properly completed or which does not contain a properly completed Investment Election will be deemed not to have been received and be void.
A Participant who is an Eligible Employee and who has cancelled his or her Election may again make a Contribution Election at any time.
Any Participant who has improperly completed a Contribution Election will be deemed not to have made an Election.
More Definitions of Contribution Election
Contribution Election or “Election” means the election made by a Participant to reduce his or her Compensation by an amount equal to the product of his or her Contribution Percentage and such Compensation from the Employer subject to the Contribution Election.
Contribution Election or "Election" means the election made by a Participant to reduce his or her Compensation by an amount equal to the product of his or her Contribution Percentage and such Compensation from the Employer subject to the Contribution Election; provided however, effective January 1, 1998, the Contribution Election for a Participant for whom assets and liabilities have been transferred to this Plan from the Whitman Plan shall be the same as the Contribution Election of such Participant under the Whitman Plan.
Contribution Election means the agreement of a Contributing Creditor to contribute and assign such Contributing Creditor’s Non-Estate Causes of Action to the Liquidating Trust, as evidenced by the submission of an Election Form for Contributing Creditors, which form shall also be provided to Holders of Class 3 General Unsecured Claims in accordance with the Confirmation Order.
Contribution Election or “Election” means the election made by an Active Participant who is an Eligible Employee to reduce the Compensation to be paid to him by an amount equal to the product of his Contribution Percentage and such Compensation subject to the Contribution Election.
Contribution Election means the election made by a Participant to reduce his Compensation each payroll period, as designated by the Participant, by the Contribution Amount.
Contribution Election means the election made by a Participant selecting the percentage of annual Salary to be deferred and contributed to the Plan by the Employer as a Pre-tax Contribution and/or contributed by the Participant to the Plan as an After-tax Contribution.
Contribution Election or "Election"................... 7 1.20 "Contribution Percentage"............................... 7 1.21 "Conversion Election"................................... 7 1.22 "Custodial Agreement"................................... 7 1.23 "Custodian"............................................. 7 1.24 "Direct Rollover"....................................... 7 1.25 "Disability" or "Disabled".............................. 7 1.26 "Distributee"........................................... 7 1.27 "Effective Date"........................................ 7 1.28 "Elective Deferral"..................................... 8 1.29 "Eligible Employee"..................................... 8 1.30 "Eligible Retirement Plan".............................. 8 1.31 "Eligible Rollover Distribution"........................ 8 1.32 "Employee".............................................. 8 1.33 "Employer".............................................. 9 1.34 "Employment Date"....................................... 9 1.35 "ERISA"................................................. 9 1.36 "Fair Market Value"..................................... 9 1.37 "Forfeiture"............................................ 9 1.38 "Forfeiture Account".................................... 9 1.39 "Highly Compensated Eligible Employee" or "HCE"...