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.

  • 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).

  • 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.

  • 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 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).

  • Coordinate with utilities to mark or identify active aboveground and underground facilities within the Work Area.

  • No action is, however, taken if the criticism is fair and bonafide.Facilities provided to the Press in Parliament include those of a press gallery, press rooms, supply of parliamentary papers and press releases, access of lobbies and Central Hall, use of library and reference services, etc.

  • 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.

  • 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.

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.

  • 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.

  • 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 has the meaning set forth in Section 5.5(e).

  • 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 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 contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(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 or the “Actual Contribution 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) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • 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 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.

  • 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 the period specified in Article VI for which Employer Contributions shall be made.

  • 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.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • 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.