Examples of Elective Deferral in a sentence
Notwithstanding the foregoing, in the event a Participant experiences an Unforeseeable Emergency, or receives a hardship distribution under Treasury Regulation § 1.401(k)-1(d)(3) the Participant may apply to the Committee to cancel all currently effective Elective Deferral elections.
Notwithstanding the foregoing, Elective Deferral amounts to be paid in accordance with this Section 7.1(C) shall be Termination Distributions.
The Plan Administrator shall establish an Elective Deferral Account for each Participant reflecting the crediting of the Elective Deferrals by the Participant together with any adjustments for income, gain or loss and any payments from such Elective Deferral Account.
Elective Deferral amounts paid in accordance with this Section 7.1(B) shall be In-Service Distributions.
For purposes of measuring the amounts credited to a Participant’s Elective Deferral Account, a Participant may select, from the deemed investment options offered under the Qualified Plan with the exception of the Company Stock Fund (under such Qualified Plan), the investments in which all or part of such Participant’s Elective Deferral Account shall be deemed to be invested.