Employee Basic Contributions definition

Employee Basic Contributions means the contributions made by an Eligible Member pursuant to Section 3.1(a).
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Employee Basic Contributions means those contributions made under a plan other than this Plan that are required, pursuant to the Adoption Agreement, as a condition for receiving all or any portion of the Employer Matching Contributions that are provided under this Plan. This Plan's provisions concerning Employee Basic Contributions may be specified by the Adoption Agreement.
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Examples of Employee Basic Contributions in a sentence

  • In addition, an Eligible Member who has elected to make Employee Basic Contributions at the applicable maximum rate may elect, on the Enrolment Form, to make Employee Optional Contributions of a designated percentage of Compensation (in 1% increments) through Automatic Payroll Deposits.

  • Upon enrolment pursuant to Section 2.1, an Eligible Member shall elect, on the Enrolment Form, to make Employee Basic Contributions of a designated percentage of Compensation (in 1% increments) through Automatic Payroll Deposits.

  • The amount of all cash Dividends, net of any applicable income tax withholding, received by the Trustee from time to time shall be used to purchase additional shares of Genworth Stock for affected Members’ Accounts pursuant to Section 5.4. No such Dividends shall be considered as Employee Basic Contributions for the purpose of determining Company Matching Contributions, and no such Dividends shall be Distributed in cash.

  • The minimum rate of Employee Basic Contributions is 1% of Compensation, and the maximum is 6% of Compensation.

  • The first paragraph of Section 7.1.1 of the Savings Plan is amended to read in its entirety as follows: Each Participating Employee shall direct that the Employee Basic Contributions, Employee Supplementary Contributions, and Employing Company Contributions allocated to his Account be invested, in increments of 1%, in any of the Funds available from time to time.

  • For each Plan Year commencing with -------------------------------- the ______ Plan Year, the Employer, in its sole discretion, may make a contribution equal to a percentage of the Employee Basic Contributions made for the Plan Year on behalf of each Participant under the terms of the [401(K) PLAN].

  • As of the Valuation Date on which a Participating Employee’s Account is credited with Employee Basic Contributions, there shall be allocated to the Participating Employee’s Employing Company Contribution Account the amount of the Employing Company Contribution as determined under Section 4.5 (“Employing Company Contributions”).

  • For each Plan Year commencing with ------------------------------- the ______ Plan Year, the Employer, in its sole discretion, may make a contribution equal to a percentage of the Employee Basic Contributions made for the Plan Year on behalf of each Participant under the terms of the Richmond County Savings Bank 401(k) Savings Plan in RSI Retirement Trust.

  • A Participating Employee shall be Vested in his accrued benefit derived from Employee Basic Contributions and Employee Supplementary Contributions at all times.

  • Whenever the making of Employee Basic Contributions is suspended, related contributions by the Employing Company shall also be suspended.

Related to Employee Basic Contributions

  • 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.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Member contributions means all amounts paid to ASRS by a member.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Employer Contributions means all amounts paid into ASRS by an

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • 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.

  • 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).

  • Accumulated contributions means the sum of all

  • 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 means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Member contribution means a contribution under regulation 32;

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.