Employee Contribution Program definition

Employee Contribution Program means the program to which Eligible Employees may be required to or elect to make Employee Contributions and Rollover Contributions under the Plan.
Sample 1

Examples of Employee Contribution Program in a sentence

  • Eligible Employee” means, for purposes of the Employee Contribution Program, any Employee except an Employee while he or she is a student performing services described in Code Section 3121(b)(10), i.e., earning wages that are FICA exempt below.

  • An Eligible Employee’s voluntary enrollment in the Employee Contribution Program shall continue until the earliest of the date (i) he or she terminates his or her Salary Reduction Election, (ii) he or she ceases to be an Eligible Employee, or (iii) the Employee Contribution Program is terminated.

  • My students and I will spend more time negotiating questions, still unresolved after sixty years, about who ought to make amends for what.

  • The University shall make retroactive University Contributions as required under Code Section 414(u) following a Participant’s return from Qualified Military Service; provided, that the Participant makes retroactive Employee Pre-Tax Contributions to the Employee Contribution Program as provided in Section 3.4 in such amounts, if any, that would have been required but for his or her Qualified Military Service in order to receive University Contributions as provided in Section 4.1(a).

  • Base Salary by a fixed percentage as set forth in Article IV and have such amounts contributed to the Employee Contribution Program as Employee Pre-Tax Contributions or (ii) Gross Compensation by a fixed percentage (or, if so permitted by the Plan Administrator, a flat dollar amount) and have such amounts contributed to the Employee Contribution Program as Employee Pre-Tax Contributions, Employee Roth Contributions, or a combination of both.

  • During the Reporting Period, The Company has participated in the following community events: 1.Hong Kong and Kowloon Walk for Millions 2019 2.Skip Lunch Day 2019 3.Mooncakes for Charity 2019 4.Corporate and Employee Contribution Program 2019/2020 5.Dress Casual Day 2019 6.Love Teeth Day 2019/2020 7.“Red Twinkle Star” Campaign 2019/2020 8.Small Talks Circles Title Sponsorship 2019/2020 Also,our operations are located at Lam Tei and other locations in Hong Kong.

  • The Plan contains two programs: (i) the Employee Contribution Program pursuant to which Eligible Employees may make Employee Contributions and Rollover Contribution and (ii) the University Contribution Program pursuant to which the University makes University Contributions on behalf of Eligible Faculty Members and Eligible Staff Employees.

  • During a Leave without salary, University Contributions shall cease and upon the Participant’s return from such Leave, University Contributions shall automatically resume; provided, that he or she returns as an Eligible Faculty Member or Eligible Staff Employee and, to the extent required under Section 4.1, such Participant resumes making his or her Employee Pre-Tax Contributions and/or Employee Roth Contributions to the Employee Contribution Program.

  • Following the close of the suspension period, University Non- Elective Contributions shall cease and University Matching Contributions shall resume only if the Participant resumes making his or her Employee Pre-Tax Contributions to the Employee Contribution Program in such amounts as required under Section 4.1(a).

  • An Eligible Employee who does not elect to enroll in the Employee Contribution Program when initially eligible may enroll at any time by submitting the required enrollment forms.

Related to Employee Contribution Program

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • 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.

  • Medical benefit plan means a plan established and maintained by a carrier, a voluntary employees' beneficiary association described in section 501(c)(9) of the internal revenue code of 1986, 26 USC 501, or by 1 or more public employers, that provides for the payment of medical benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits, for public employees or elected public officials. Medical benefit plan does not include benefits provided to individuals retired from a public employer or a public employer's contributions to a fund used for the sole purpose of funding health care benefits that are available to a public employee or an elected public official only upon retirement or separation from service.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • 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.

  • Salary reduction plan means a benefit plan whereby state and

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Elective Contribution means the Employer's 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 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be 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)(5), the provisions of which are specifically incorporated herein by reference.

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

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

  • 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).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Contribution Period means a period in respect of which contributions appropriate to the benefit in question are payable, have been paid or treated as paid under the legislation in question;

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • 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.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.