{"component": "definition", "props": {"groups": [{"size": 73, "snippet": "means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess \"annual additions\" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.1(c) and Section 4.6(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) 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), the provisions of which are specifically incorporated herein by reference.", "snippet_links": [{"key": "plan-of-deferred-compensation", "type": "definition", "offset": [40, 69]}, {"key": "amounts-distributed", "type": "clause", "offset": [89, 108]}, {"key": "annual-additions", "type": "definition", "offset": [120, 136]}, {"key": "pursuant-to-section", "type": "clause", "offset": [138, 157]}, {"key": "in-addition", "type": "clause", "offset": [167, 178]}, {"key": "qualified-non", "type": "clause", "offset": [193, 206]}, {"key": "made-pursuant-to", "type": "clause", "offset": [229, 245]}, {"key": "actual-deferral-percentage", "type": "definition", "offset": [310, 336]}, {"key": "purposes-of-the-plan", "type": "clause", "offset": [393, 413]}, {"key": "elective-contributions", "type": "clause", "offset": [446, 468]}, {"key": "the-requirements", "type": "clause", "offset": [561, 577]}, {"key": "nondiscrimination-requirements", "type": "clause", "offset": [653, 683]}, {"key": "the-provisions-of", "type": "clause", "offset": [716, 733]}, {"key": "incorporated-herein-by-reference", "type": "clause", "offset": [757, 789]}], "samples": [{"hash": "7IfffDcVOS2", "uri": "/contracts/7IfffDcVOS2#elective-contribution", "label": "401(k) Profit Sharing Plan and Trust Agreement (Ameritrade Holding Corp)", "score": 18.0, "published": true}, {"hash": "adT1ZzrKgdF", "uri": "https://www.sec.gov/Archives/edgar/data/926966/000093176300000606/4.txt", "label": "Capital Accumulation Plan (Alabama National Bancorporation)", "score": 6.0, "published": false}, {"hash": "6FIhBhm5j7v", "uri": "https://www.sec.gov/Archives/edgar/data/836043/000093176301000034/0002.txt", "label": "Retirement Plan (Eufaula Bancorp Inc)", "score": 6.0, "published": false}], "hash": "ecfde175b313f87c3f0c90f3fc71552b", "id": 1}, {"size": 16, "snippet": "shall refer to the Director's voluntary monthly pre-tax deferral of board fees, committee fees and/or retainer plus interest compounded annually at a rate equal to the Interest Factor. The Director may elect to change his voluntary deferral amount by submitting to the Bank a Notice of Adjustment of Elective Contribution thirty (30) days prior to the end of any Plan Year.", "snippet_links": [{"key": "the-director", "type": "clause", "offset": [15, 27]}, {"key": "tax-deferral", "type": "definition", "offset": [52, 64]}, {"key": "board-fees", "type": "definition", "offset": [68, 78]}, {"key": "committee-fees", "type": "definition", "offset": [80, 94]}, {"key": "equal-to", "type": "definition", "offset": [155, 163]}, {"key": "interest-factor", "type": "clause", "offset": [168, 183]}, {"key": "deferral-amount", "type": "clause", "offset": [232, 247]}, {"key": "adjustment-of", "type": "clause", "offset": [286, 299]}, {"key": "prior-to-the", "type": "clause", "offset": [339, 351]}, {"key": "plan-year", "type": "definition", "offset": [363, 372]}], "samples": [{"hash": "lJZqtNVEwbh", "uri": "/contracts/lJZqtNVEwbh#elective-contribution", "label": "Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.)", "score": 18.0, "published": true}, {"hash": "lHU1Z125zEL", "uri": "/contracts/lHU1Z125zEL#elective-contribution", "label": "Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.)", "score": 18.0, "published": true}, {"hash": "kb5EYqhRJS8", "uri": "/contracts/kb5EYqhRJS8#elective-contribution", "label": "Director Supplemental Retirement Income and Deferred Compensation Agreement (Magyar Bancorp, Inc.)", "score": 18.0, "published": true}], "hash": "0d070716d84f34d04102d71f8b62b7a1", "id": 2}, {"size": 14, "snippet": "means the Company's contributions to the Plan of Deferred Compensation, excluding any such amounts distributed as excess \"annual additions\" pursuant to Section 4.3. In addition, any Company Qualified Non-Elective Contribution made pursuant to Section 3.1(a)(4) and Section 3.5 and which is so designated by the Company shall be considered an Elective Contribution for purposes of the Plan. Such Qualified Non-Elective Contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 3.3(b) and 3.3(c), and shall be required to satisfy the discrimination requirements of Code Section 401(k)(3), the provisions of which are specifically incorporated herein by reference.", "snippet_links": [{"key": "plan-of-deferred-compensation", "type": "definition", "offset": [41, 70]}, {"key": "amounts-distributed", "type": "clause", "offset": [91, 110]}, {"key": "annual-additions", "type": "definition", "offset": [122, 138]}, {"key": "section-43", "type": "clause", "offset": [152, 163]}, {"key": "in-addition", "type": "clause", "offset": [165, 176]}, {"key": "qualified-non", "type": "clause", "offset": [190, 203]}, {"key": "made-pursuant-to", "type": "clause", "offset": [226, 242]}, {"key": "section-35", "type": "clause", "offset": [265, 276]}, {"key": "the-company-shall", "type": "clause", "offset": [307, 324]}, {"key": "purposes-of-the-plan", "type": "clause", "offset": [368, 388]}, {"key": "elective-contributions", "type": "clause", "offset": [409, 431]}, {"key": "the-requirements", "type": "clause", "offset": [488, 504]}, {"key": "code-section", "type": "definition", "offset": [604, 616]}, {"key": "the-provisions-of", "type": "clause", "offset": [628, 645]}, {"key": "incorporated-herein-by-reference", "type": "clause", "offset": [669, 701]}], "samples": [{"hash": "9dpKXuBBsm5", "uri": "https://www.sec.gov/Archives/edgar/data/714603/000101381699000034/1.txt", "label": "DST Systems Inc", "score": 2.0, "published": false}], "hash": "b0b1b72c99501ff0626dc996b5f89af0", "id": 3}, {"size": 10, "snippet": "means the Employer's contributions to the Plan that are made pursuant to the Participant's deferral election pursuant to Section 4.2. In addition, if selected in E3 of the Adoption Agreement, the Employer's matching contribution made pursuant to Section 4.1(b) shall be considered an Elective Contribution for purposes of the Plan. Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(3), the provisions of which are specifically incorporated herein by reference.", "snippet_links": [{"key": "the-employer", "type": "definition", "offset": [6, 18]}, {"key": "contributions-to-the-plan", "type": "clause", "offset": [21, 46]}, {"key": "the-participant", "type": "clause", "offset": [73, 88]}, {"key": "deferral-election", "type": "clause", "offset": [91, 108]}, {"key": "section-42", "type": "clause", "offset": [121, 132]}, {"key": "in-addition", "type": "clause", "offset": [134, 145]}, {"key": "adoption-agreement", "type": "definition", "offset": [172, 190]}, {"key": "matching-contribution", "type": "definition", "offset": [207, 228]}, {"key": "purposes-of-the-plan", "type": "clause", "offset": [310, 330]}, {"key": "elective-contributions", "type": "clause", "offset": [332, 354]}, {"key": "the-requirements", "type": "clause", "offset": [375, 391]}, {"key": "the-provisions-of", "type": "clause", "offset": [527, 544]}, {"key": "incorporated-herein-by-reference", "type": "clause", "offset": [568, 600]}], "samples": [{"hash": "l6KNErqOCnl", "uri": "https://www.sec.gov/Archives/edgar/data/8947/000093066199002806/2.txt", "label": "Aztec Manufacturing Co", "score": 2.0, "published": false}, {"hash": "g7MmcxUYksV", "uri": "https://www.sec.gov/Archives/edgar/data/725058/000095015901500050/exhibit4-6.txt", "label": "Cytogen Corp", "score": 2.0, "published": false}, {"hash": "kjTRGD3UZQQ", "uri": "https://www.sec.gov/Archives/edgar/data/1029201/000093639298000844/10.txt", "label": "Signal Pharmaceuticals Inc", "score": 2.0, "published": false}], "hash": "9498255da4cf45c3ffc5246e01332fc5", "id": 4}, {"size": 8, "snippet": "means the amount allocated to specific Taxable Benefits and/or Nontaxable Benefits at the election of a Participant equal to a reduction in his Eligible Earnings pursuant to Section 5.28.240 B.", "snippet_links": [{"key": "allocated-to", "type": "definition", "offset": [17, 29]}, {"key": "taxable-benefits", "type": "clause", "offset": [39, 55]}, {"key": "a-participant", "type": "clause", "offset": [102, 115]}, {"key": "equal-to", "type": "definition", "offset": [116, 124]}, {"key": "reduction-in", "type": "definition", "offset": [127, 139]}, {"key": "eligible-earnings", "type": "definition", "offset": [144, 161]}, {"key": "pursuant-to-section", "type": "clause", "offset": [162, 181]}], "samples": [{"hash": "2o0DVNj8pFj", "uri": "http://file.lacounty.gov/SDSInter/bos/supdocs/9420.pdf", "label": "file.lacounty.gov", "score": 10.1704312115, "published": false}, {"hash": "9DGJMrN9Gzq", "uri": "https://hr.lacounty.gov/subsites/RTW/pdf/STD-5.28.pdf", "label": "hr.lacounty.gov", "score": 9.1704312115, "published": false}], "hash": "84b6b1e383ae64c62ca801d8236facb1", "id": 5}, {"size": 6, "snippet": "means a contribution to the 1987 scheme for which a member has elected under section 22, regardless of whether the contribution is payable by the member or as part of the member\u2019s remuneration;", "snippet_links": [{"key": "a-contribution", "type": "clause", "offset": [6, 20]}, {"key": "a-member", "type": "clause", "offset": [50, 58]}, {"key": "the-contribution", "type": "clause", "offset": [111, 127]}, {"key": "by-the-member", "type": "clause", "offset": [139, 152]}], "samples": [{"hash": "ixrVZm78ndm", "uri": "https://www.legislation.wa.gov.au/legislation/prod/filestore.nsf/FileURL/mrdoc_18810.pdf/$FILE/Government%20Employees%20Superannuation%20Act%201987%20-%20%5B05-00-01%5D.pdf?OpenElement", "label": "www.legislation.wa.gov.au", "score": 10.0924024641, "published": false}, {"hash": "hpv8NG5Zjrh", "uri": "https://www.legislation.wa.gov.au/legislation/prod/filestore.nsf/FileURL/mrdoc_931.pdf/$FILE/Government%20Employees%20Superannuation%20Act%201987%20-%20%5B05-y0-02%5D.pdf?OpenElement", "label": "www.legislation.wa.gov.au", "score": 10.0622861054, "published": false}, {"hash": "fVhK5yiqAMr", "uri": "https://www.legislation.wa.gov.au/legislation/prod/filestore.nsf/FileURL/mrcmp_932.pdf/$FILE/Government%20Employees%20Superannuation%20Act%201987%20Compare%20%5B05-y0-02%5D%20-%20%5B05-z0-06%5D.pdf?OpenElement", "label": "www.legislation.wa.gov.au", "score": 10.0622861054, "published": false}], "hash": "627339164786a744253a57951451992f", "id": 6}, {"size": 6, "snippet": "means the Employer's contributions to the Plan that are made pursuant to the Participant's deferral election pursuant to Section 11.2, excluding any such amounts distributed as \"excess annual additions\" pursuant to Section 4.4. In addition, if selected in E3 of the Adoption Agreement, the Employer's matching contribution shall or shall not be considered an Elective Contribution for purposes of the Plan, as provided in Section 11.1(b). Elective Contributions shall be subject to the requirements of Sections 11.2(b) and 11.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(3), the provisions of which are specifically incorporated herein by reference.", "snippet_links": [{"key": "the-employer", "type": "definition", "offset": [6, 18]}, {"key": "contributions-to-the-plan", "type": "clause", "offset": [21, 46]}, {"key": "the-participant", "type": "clause", "offset": [73, 88]}, {"key": "deferral-election", "type": "clause", "offset": [91, 108]}, {"key": "pursuant-to-section", "type": "clause", "offset": [109, 128]}, {"key": "amounts-distributed", "type": "clause", "offset": [154, 173]}, {"key": "excess-annual-additions", "type": "clause", "offset": [178, 201]}, {"key": "section-44", "type": "clause", "offset": [215, 226]}, {"key": "in-addition", "type": "clause", "offset": [228, 239]}, {"key": "adoption-agreement", "type": "definition", "offset": [266, 284]}, {"key": "matching-contribution", "type": "definition", "offset": [301, 322]}, {"key": "purposes-of-the-plan", "type": "clause", "offset": [385, 405]}, {"key": "elective-contributions", "type": "clause", "offset": [439, 461]}, {"key": "the-requirements", "type": "clause", "offset": [482, 498]}, {"key": "the-provisions-of", "type": "clause", "offset": [636, 653]}, {"key": "incorporated-herein-by-reference", "type": "clause", "offset": [677, 709]}], "samples": [{"hash": "5hZxh8oivGc", "uri": "https://www.sec.gov/Archives/edgar/data/889187/000095012497002015/4.txt", "label": "Profit Sharing Plan (Universal Standard Medical Laboratories Inc)", "score": 4.0, "published": false}, {"hash": "7oF6xzglnZ3", "uri": "https://www.sec.gov/Archives/edgar/data/1051345/000095014899002601/1.txt", "label": "Vib Corp", "score": 0, "published": false}], "hash": "03233da5d841b9afc3cf7fb5f257eb3c", "id": 7}, {"size": 5, "snippet": "A contribution to a cash or deferred profit sharing plan by the Employer on behalf of an electing Employee.", "snippet_links": [{"key": "a-contribution", "type": "clause", "offset": [0, 14]}, {"key": "profit-sharing-plan", "type": "definition", "offset": [37, 56]}, {"key": "by-the-employer", "type": "clause", "offset": [57, 72]}, {"key": "on-behalf-of", "type": "clause", "offset": [73, 85]}, {"key": "electing-employee", "type": "definition", "offset": [89, 106]}], "samples": [{"hash": "haBcc5Vms", "uri": "/contracts/haBcc5Vms#elective-contribution", "label": "Defined Contribution Plan and Trust (Capstone Pharmacy Services Inc)", "score": 18.0, "published": true}, {"hash": "hXk3TdDdaAI", "uri": "/contracts/hXk3TdDdaAI#elective-contribution", "label": "Adoption Agreement (Southbanc Shares Inc)", "score": 18.0, "published": true}, {"hash": "hAIe6PUkNCH", "uri": "/contracts/hAIe6PUkNCH#elective-contribution", "label": "Adoption Agreement (Jones Medical Industries Inc /De/)", "score": 18.0, "published": true}], "hash": "3b2ddd058de2ee91abdb4bdc7c452499", "id": 8}, {"size": 5, "snippet": "means the contributions to the Plan that are made pursuant to the Participant's deferral election provided in Section 4.2.", "snippet_links": [{"key": "contributions-to-the-plan", "type": "clause", "offset": [10, 35]}, {"key": "the-participant", "type": "clause", "offset": [62, 77]}, {"key": "deferral-election", "type": "clause", "offset": [80, 97]}, {"key": "section-42", "type": "clause", "offset": [110, 121]}], "samples": [{"hash": "d6vVYhlWjfe", "uri": "https://www.sec.gov/Archives/edgar/data/86144/000095014999002182/1.txt", "label": "Safeway Inc", "score": 2.0, "published": false}, {"hash": "6maBajPgMIX", "uri": "https://www.sec.gov/Archives/edgar/data/12635/000089924398001810/6.txt", "label": "Axia Inc", "score": 2.0, "published": false}], "hash": "d10984eabbed4474b6b8a837751cb34d", "id": 9}, {"size": 5, "snippet": "shall refer to any bookkeeping entry required to record a Director\u2019s voluntary monthly pre-tax deferral which shall be made in accordance with the Director\u2019s Joinder Agreement.", "snippet_links": [{"key": "refer-to", "type": "definition", "offset": [6, 14]}, {"key": "to-record", "type": "definition", "offset": [46, 55]}, {"key": "a-director", "type": "clause", "offset": [56, 66]}, {"key": "tax-deferral", "type": "definition", "offset": [91, 103]}, {"key": "in-accordance-with", "type": "definition", "offset": [124, 142]}, {"key": "the-director", "type": "clause", "offset": [143, 155]}, {"key": "joinder-agreement", "type": "clause", "offset": [158, 175]}], "samples": [{"hash": "i1bE7BZrIt2", "uri": "/contracts/i1bE7BZrIt2#elective-contribution", "label": "Director Deferred Compensation Master Agreement (Mutualfirst Financial Inc)", "score": 21.0, "published": true}, {"hash": "dklsfyEQYve", "uri": "/contracts/dklsfyEQYve#elective-contribution", "label": "Director Deferred Compensation Master Agreement (River Valley Bancorp)", "score": 21.0, "published": true}], "hash": "3cada60f5135bf208a4a1f5c3d6f4eb5", "id": 10}], "next_curs": "CmISXGoVc35sYXdpbnNpZGVyY29udHJhY3Rzcj4LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIeZWxlY3RpdmUtY29udHJpYnV0aW9uIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Elective Contribution", "size": 244, "snippet": "means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess \"annual additions\" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.1(c) and Section 4.6(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) 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), the provisions of which are specifically incorporated herein by reference.", "id": "elective-contribution", "examples": ["The amount by which Compensation is reduced shall be that Participant&#x27;s Deferred Compensation and be treated as an Employer <strong>Elective Contribution</strong> and allocated to that Participant&#x27;s Elective Account.", "The frequency with which a 403(b) Plan Employee <strong>Elective Contribution</strong> Agreement may be entered into or amended, the compensation as to which such agreement applies, and the ability to revoke such agreement shall be determined under the federal income tax rules applicable to qualified cash or deferred arrangements.", "The maximum amount of reimbursement for each Participant shall be limited to the amount of the Participant&#x27;s <strong>Elective Contribution</strong> allocated to the program during the Plan Year, not to exceed the maximum amount set forth in Item F(7) of the Adoption Agreement.", "The <strong>Elective Contribution</strong> Account shall be payable in monthly installments throughout the Payout Period.", "The <strong>Elective Contribution</strong> must also relate to compensation that either would have been received by the Participant in the Plan Year but for the Participant&#x27;s election to defer under the Plan, or is attributable to services performed by the Participant in the Plan Year and, but for the Participant&#x27;s election to defer, would have been received by the Participant within two and one-half (2 1/2) months after the close of the Plan Year.", "The <strong>Elective Contributions</strong> by the Employer on behalf of an electing Employee shall be allocated to the <strong>Elective Contribution</strong> Account of such electing Employee as of each Valuation Date of the Plan Year to which the <strong>Elective Contribution</strong> pertains.", "For purposes of this rule, an <strong>Elective Contribution</strong> is considered allocated as of a date within a Plan Year only if the allocation is not contingent on the Participant&#x27;s participation in the Plan or performance of services on any date subsequent to the allocation date; and, the <strong>Elective Contribution</strong> is actually paid to the trust no later than the end of the twelve (12) month period immediately following the Plan Year to which the contribution relates.", "Excess Aggregate Contributions shall be forfeited, if forfeitable or distributed on a pro-rata basis from the Participant&#x27;s Matching Account and Voluntary Account (and, if applicable, the Participant&#x27;s Qualified Non-<strong>Elective Contribution</strong> Account or <strong>Elective Contribution</strong> Account).", "For purposes of this Plan, an <strong>Elective Contribution</strong> may only be taken into account under the Plan if such contribution satisfies the requirements described herein.", "Specifically, the <strong>Elective Contribution</strong> must be allocated to the Participant under the Plan as of the date within the applicable Plan Year."], "related": [["nonelective-contribution", "Nonelective Contribution", "Nonelective Contribution"], ["non-elective-contribution", "Non-Elective Contribution", "Non-<strong>Elective Contribution</strong>"], ["qualified-nonelective-contribution", "Qualified Nonelective Contribution", "Qualified Nonelective Contribution"], ["qualified-non-elective-contribution", "Qualified Non-Elective Contribution", "Qualified Non-<strong>Elective Contribution</strong>"], ["qualified-nonelective-contributions", "Qualified Nonelective Contributions", "Qualified Nonelective Contributions"]], "related_snippets": [], "updated": "2025-07-07T00:35:48+00:00"}, "json": true, "cursor": ""}}