Deductible Contribution definition
Examples of Deductible Contribution in a sentence
Notwithstanding the foregoing, in no event may amounts allocated to a Participant's Tax Deductible Contribution Account be invested in Policies of life insurance.
Each Participant's Accrued Benefit shall become 100% vested and nonforfeitable when the Participant attains his Normal Retirement Age; provided, however, that each Participant's 401(k) Employer Match Contribution account, 401(k) Employer Contribution account, Salary Savings Contribution account, Rollover account, Tax Deductible Contribution account and After-Tax Contribution account shall be 100% vested and nonforfeitable at all times.
The following deductibles are offered by Fortis Insurance Company to be written in conjunction with HSAs: $1,750 $2,150 $2,550 Maximum Individual Deductible Contribution $1,750 $2,150 $2,550 Maximum Family Deductible Contribution $3,500 $3,500 $4,300 $4,300 $5,100 $5,100 In addition, if you are age 55 or older, you may make an additional deductible contribution of up to $500 per person to your HSA.
Employer Deductible Contribution: The employer will pay a prorated monthly deductible contribution based on the employee’s monthly FTE and insurance enrollment status (ie: a 0.8 FTE employee will receive 0.8 times the employer paid deductible).
Each Participant's 401(k) Employer and Match Accounts, Salary Savings Account, Rollover Account, Tax Deductible Contribution Account, Voluntary After-Tax Contribution Account and any additional portion of a Participant's Accrued Benefit attributable to Employee contributions shall be fully vested and nonforfeitable at all times.
If, for any Plan Year during the Term of this Agreement, any contribution Samsonite would be required to make to the Retirement Plan is reduced solely due to the limitation imposed by the Maximum Tax Deductible Contribution Amount, the amount of the Required Credit Balance will be unaffected even if the actual credit balance in the Funding Standard Account for that Plan Year is less than the Required Credit Balance.
Donor the donor of a Gift or a Deductible Contribution to the Trust.
All requests must be consented to by the Participant's spouse in a Qualified Election as described in Section 12.08(c)(iii), unless the withdrawal is from the Participant's Tax Deductible Contribution account or an account to which Section 12.08(e) applies.
Notwithstanding anything in this Agreement to the contrary, contributions to a Plan for any given Plan Year will not be required to exceed that Plan's Maximum Tax Deductible Contribution Amount.
For all purposes of this Article XI, the Participant's Accrued Benefit shall not include amounts allocated to his Tax Deductible Contribution Account.