Contribution Holidays definition

Contribution Holidays means the full or partial reduction of the contributions normally required to be paid by Employees and the Employer into the CBE Shared Risk Plan where such reductions are shared in the same proportion as required contributions from the Employees and Employer, in accordance with the Funding Policy.
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Contribution Holidays means the full or partial reduction of the contributions normally required to be paid by Teachers who are Members, Non-certified Teachers who are Members, Supply Teachers who are Members and the Employer into the New Brunswick Teachers’ Pension Plan where such reductions are required under the Income Tax Act, and in accordance with the Funding Policy.
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Contribution Holidays means the full or partial reduction of the contributions normally required to be paid by Employees and MLAs who are Members, the Employer, and the Province with respect to MLAs, into the New Brunswick Public Service Pension Plan where such reductions are required under the Income Tax Act, and in accordance with the Funding Policy.
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Examples of Contribution Holidays in a sentence

  • Contribution Holidays will only be permitted if required in accordance with the eligible contribution limitations under the Income Tax Act, will apply to both Employees and the Employer equally and will only be applied in the manner allowed under the Funding Policy.

  • Contribution Holidays will only be permitted if required in accordance with the eligible contribution limitations under the Income Tax Act, will apply to both Employees and the Employer and will only be applied in the manner allowed under the Funding Policy.

  • Analysis of cellular vitality be performed of immunostaining, including mouse antihuman mitochondria monoclonal antibody (MAB 1273; Millipore UK, Hertfordshire, UK)14,15, Terminal deoxynucleotidyl transferase-mediated nick end-labeling (TUNEL; Boehringer Ingelheim, Germany),16 antibody MiB1(Ki67; Dianova, Hamburg Germany)17 ,18and PHH319, and Xxxxxx’x trichrome2021.

  • Contribution Holidays shall apply to both Members who are Academic Employees and the University equally and will only be applied in the manner allowed under the Funding Policy.

  • Contribution Holidays will only be permitted if required in accordance with the eligible contribution limitations under the Income Tax Act, and will only be applied in the manner allowed under the Funding Policy.

  • Contribution Holidays will only be permitted if required under the Income Tax Act and after all actions permitted under the Funding Excess Utilization Plan in Section VII have been implemented.

  • Maintain any additional Funding Excess in the Fund of the Plan, subject to any Contribution Holidays required under the Income Tax Act.

  • Contribution Holidays Contribution holidays are limited by the going concern and solvency positions of the plan as at the valuation date.

  • Contribution Holidays will apply to both Members who are Academic Employees and to the University equally and will only be applied to the extent required under the Income Tax Act.

  • As well as other rebates, the incidence of Contribution Holidays tends to be higher in the South than in the North-Centre.


More Definitions of Contribution Holidays

Contribution Holidays means the full or partial reduction of the contributions normally paid by Employees and the Employer into the CSJ Shared Risk Plan where such reductions are required under the Income Tax Act.
Sample 1Sample 2
Contribution Holidays means the full or partial reduction of the contributions normally paid by Members and Employers into the Plan where reductions are shared in the same proportion as required contributions from the Members and Employers, in accordance with the Funding Policy.
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Related to Contribution Holidays

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Accumulated contributions means the sum of all

  • 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.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Member contribution means a contribution under regulation 32;

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Member contributions means all amounts paid to ASRS by a member.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Earnable compensation means the full rate of the

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Regular contributions means the amounts required to be

  • Nonelective Contribution means an amount contributed by a participating

  • Defined Contribution Fraction means a fraction the numerator of which is the sum of the Annual Additions to the Participant's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation years (including the Annual Additions attributable to the Participant's nondeductible voluntary contributions to this and all the defined benefit plans (whether or not terminated) maintained by the Employer and the Annual Additions attributable to all welfare benefit funds, as defined in section 419(e) of the Code or individual medical accounts, as defined in section 415(1)(2) of the Code, or a simplified employee pension, as defined in section 408(k) of the Code, maintained by the Employer), and the denominator of which is the sum of the Maximum Aggregate Amounts for the current and all prior Limitation Years of Service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The Maximum Aggregate Amount in any Limitation Year is the lesser of one hundred twenty-five percent (125%) of the dollar limitation determined under Sections 415(b) and (d) of the Code in effect under section 415(c)(1)(A) of the Code or thirty-five percent (35%) of the Participant's Compensation for such year. If the Employee was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed one (1.0) times under the terms of this Plan. Under the adjustment, an amount equal to the product of (a) the excess of the sum of the fractions over 1.0 times (b) the denominator of this fraction will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and condition of the Plans made after May 5, 1986, but using the limitation of section 415 of the Code applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Additions for any Limitation Year beginning before January 1, 1987 shall not be recomputed to treat all Employee contributions as Annual Additions.

  • 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.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • 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.

  • Contribution Rate means, in a reserve study as described in RCW 64.38.065, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;