Elective Deferral Contribution definition

Elective Deferral Contribution means the amount of Compensation that a Participant elects to defer under Section 4.1.

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Elective Deferral Contribution means any Employer contributions made to the Plan at the election of the Participant, in lieu of cash compensation, and shall include contributions made pursuant to a salary reduction agreement or other deferral mechanism. Elective Deferral Contributions shall be in whole percentages only. Elective Deferral Contributions shall not include any amount properly distributed as excess annual additions.

Elective Deferral Contribution means any Employer contribution to the Plan that is made pursuant to a Participant's Elective Deferral, in lieu of cash compensation. With respect to any taxable year, an Elective Deferral Contribution is the sum of all Employer Contributions made on behalf of such Participant pursuant to Section 4.1(a). The Elective Deferral Contribution shall not include any deferrals properly distributed as excess annual additions.

Examples of Elective Deferral Contribution in a sentence

• The automatic Elective Deferral Contribution shall apply to Participants at the time they enter or reenter the Plan, unless otherwise specified in (i) below.

• The amount required to be distributed to correct an Excess Elective Deferral Contribution to a Participant for a taxable year shall be reduced by Excess Contributions (and allocable income) previously distributed with respect to the Participant for the Plan Year beginning with or within the taxable year.

• Income or loss allocable to the period between the end of the calendar year in which the Excess Elective Deferral Contribution occurred and the date of distribution (gap earnings) shall be disregarded in determining income or loss for Plan Years beginning before 2007, unless the Primary Employer elects otherwise.

• A Participant’s request for a withdrawal must be made no later than 90 days after the date the first automatic Elective Deferral Contribution is withheld from the Participant’s Compensation and that would have been included in gross income had it not been withheld.

• The automatic Elective Deferral Contribution shall be 6% of Compensation, unless otherwise specified in (i) below.

More Definitions of Elective Deferral Contribution

Elective Deferral Contribution means a pre-tax contribution made pursuant to Section 3.1.1 for the Plan Year by a Participating Employer at the election of the Participant, in lieu of receipt of current compensation.

Elective Deferral Contribution means a pre-tax contribution made to the Plan by the Participating Employer at the election of the Participant, in lieu of receipt of current compensation.

Elective Deferral Contribution means any Employer contribution to the Plan that is made pursuant to a Participant’s Elective Deferral election, in lieu of cash compensation. An Elective Deferral Contribution shall not include any deferrals properly distributed as excess Annual Additions.

Elective Deferral Contribution means any Employer contributions made to the Plan at the election of the Participant, in lieu of cash compensation, and shall include contributions made pursuant to a salary reduction agreement or other deferral mechanism. Elective Deferral Contributions shall be made in either percentage or dollar increments. Elective Deferral Contributions shall not include any amount properly distributed as excess annual additions."

Elective Deferral Contribution means the amount of Compensation that a Participant elects to defer for a Plan Year under Section 4.1.

Elective Deferral Contribution means any amount of a Participant’s Salary and/or Bonus which he elects to defer hereunder pursuant to an Elective Deferral Agreement and to have such deferred amount applied to a Restricted Stock Award pursuant to Section 4. If an Active Participant is authorized by his Adopting Employer to take a paid leave of absence from Employment, the Participant shall continue to be considered in Employment and his Elective Deferral Contributions shall continue to be withheld during such paid leave of absence. If an Active Participant is authorized by his Adopting Employer for any reason to take an unpaid leave of absence from Employment, the Participant shall continue to be considered in Employment and the Participant shall be excused from making Elective Deferral Contributions from his Salary until the Participant returns to a paid Employment status. Upon his return, Elective Deferral Contributions shall resume for the remaining portion of the Program Year in which the expiration or return occurs, based on the Participant’s Elective Deferral Agreement as in effect for that Program Year, i.e., the same percentage or dollar amount of Salary that was being withheld prior to the unpaid leave of absence shall resume after return to active service, but no make-up elective contributions can be made for the leave period. A leave of absence shall not affect any Bonus deferral election made by the Participant under his Elective Deferral Agreement.

Elective Deferral Contribution means an elective deferral contribution made to the 401(k) plan.