EIP Bonus definition

EIP Bonus means the annual bonus that may be paid to an Eligible Employee --------- by an Employer in accordance with the Employer's employee incentive program.
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Examples of EIP Bonus in a sentence

  • If a Before-Tax Contribution or an EIP Bonus Contribution is made to the Plan by reason of a mistake of fact, the amount contributed by reason of such mistake (reduced by any losses incurred with respect to such amount) shall be returned to the Employer within one year after the date such Contribution was made.

  • Before-Tax, After-Tax, EIP Bonus, Rollover, Company Matching and Retirement Profit-Sharing Contributions shall be apportioned among one or more of the Investment Funds as the Participant may specify in accordance with the procedures prescribed by the Company.

  • Before-Tax Contributions and EIP Bonus Contributions representing Excess Deferrals may be distributed to a Participant.

  • A Participant's election to make an EIP Bonus Contribution shall constitute an election to have his or her taxable salary or wages from the Employer reduced by the amount of such EIP Bonus Contribution.

  • EIP Bonus Contributions shall be credited to the Participant's Profit- Sharing Accounts as described in Section 5.4, and shall be treated as a contribution relating to the Plan Year ending prior to the payment date for the EIP Bonus.

  • Before-Tax Contributions and EIP Bonus Contributions representing Excess Contributions may be distributed to certain Participants who are Highly Compensated Employees.

  • EIP Bonus Contribution will be deemed to be employer contributions to the Plan for federal income tax purposes and, to the extent permitted, for purposes of other federal, state and local taxes.

  • The Employer's Matching Contribution shall be equal to 100% of the sum of each such eligible Participant's Before-Tax and After-Tax Contributions not in excess of 6% of his or her Earnings for the payroll period and 100% of up to 6% of his or her EIP Bonus Contributions.

  • Before-Tax Contributions, EIP Bonus Contributions and/or After-Tax Contributions representing excess Annual Additions may be distributed to a Participant.

  • Tax and EIP Bonus Contributions ---------------------------------------------------------------- Before-Tax, After-Tax and EIP Bonus Contributions made pursuant to this Article 3 shall be made through payroll deductions, except to the extent another method of payment of After-Tax Contributions is expressly approved in writing by the Company.