Deferral Contribution Period definition

Deferral Contribution Period means the period of one (1) Plan Year, or such other period as the Deferred Compensation Committee may permit in its discretion, over which the Participant has elected to defer Compensation pursuant to Article 3 of the Plan.
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Deferral Contribution Period means the period of one (1) Plan Year over which the Participant has elected to defer Compensation pursuant to Article 3 of the Plan.
Sample 1Sample 2Sample 3
Deferral Contribution Period means the period of one (1) Plan Year, or such other period as the Committee may permit in its discretion, over which the Participant has elected to defer Compensation pursuant to Article 3 of the Plan. A Plan Year shall be January 1 through December 31.
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Examples of Deferral Contribution Period in a sentence

  • In the event a Change of Control occurs, the Employer shall pay to all Participants with Deferral Accounts under the Plan the related Deferral Contribution Period Benefit(s) in the form of a lump sum payment.

  • Notwithstanding anything contained herein to the contrary, if the Participant has not or will not actually defer the amount specified in such Participant's Deferral Election Form during the Deferral Contribution Period, the Participant shall, nevertheless, be permitted to continue participation in the Plan.

  • If the Participant recovers from the Disability and resumes active employment during the Deferral Contribution Period in which the Disability occurred, the Participant’s deferrals under the Plan shall resume in accordance with the Participant’s Deferral Commitment regarding any Compensation which is earned or payable subsequent to the Disability.

  • Until all installments are paid, the unpaid balance of the Deferral Contribution Period Benefit shall be adjusted for investment experience according to the Crediting Rate in effect from time to time.

  • A Participant may elect to receive a lump sum payment of his Deferral Contribution Period Benefit, which shall be made during (and not earlier than) January of a chosen year that is at least five (5) years after the end of the Deferral Contribution Period in which the contribution was made.

  • In the event that a payment is made to a Participant on account of Unforeseeable Emergency pursuant to this paragraph 5.4, the Participant’s Annual Deferrals under the Plan shall be suspended for the remainder of the Deferral Contribution Period in which the Participant received the payment on account of Unforeseeable Emergency.

  • The maximum Deferral Commitment allowed in any Deferral Contribution Period shall be as set forth in Section 3.1; provided, however, the Committee, in its sole discretion, may establish a different maximum Deferral Commitment limit for the purpose of controlling the Company's financial obligations under the Plan or for any other reason deemed necessary.

  • Any Eligible Employee may elect to participate in the Plan and to make a Deferral Commitment by submitting a Deferral Election Form to the Deferred Compensation Committee prior to the beginning of the Deferral Contribution Period.

  • Except as provided in paragraph 5.5 of the Plan with respect to certain lump sum payments, in paragraph 5.8 of the Plan with respect to Unforeseeable Emergency distributions, and in Article 6 of the Plan with respect to death benefits, a Participant’s Deferral Contribution Period Benefit shall be paid to the Participant as specified in the Participant’s Deferral Election Form relating to the applicable Deferral Contribution Period.

  • A Participant can elect to receive a lump sum payment of benefits created and generated by the contribution for a Deferral Contribution Period without terminating employment.

Related to Deferral Contribution Period

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

  • 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.

  • Contribution Period means a period in respect of which contributions appropriate to the benefit in question are payable, have been paid or treated as paid under the legislation in question;

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

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • 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.

  • Plan Year means the calendar year.

  • 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.

  • 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.

  • Deferral Year means each calendar year during which the Trustee makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Matching Period has the meaning specified in Section 5.4(1)(e).

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deferral Period has the meaning set forth in Section 3(h) hereof.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

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

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

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

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Election Period shall have the meaning set forth in Section 14.3(a).

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • 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.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.