Employer Basic Contributions definition

Employer Basic Contributions means the amount contributed by the Employer under Section 3.2 of the Plan.
Sample 1Sample 2Sample 3
Employer Basic Contributions means the contributions made by an Employer on behalf of a Participant pursuant to Section 3.02 of the Plan.
Sample 1Sample 2
Employer Basic Contributions means the contributions made by an Employer on behalf of a Participant attributable to Plan Years from January 1, 2009 through December 31, 2013.”
Sample 1

Examples of Employer Basic Contributions in a sentence

  • Employer Basic Contributions [Adventist Retirement Plan section 4.04]: An employer will make a basic contribution (currently 5% of compensation; 5.43% of compensation for 10 - month educational employees) to each eligible employee’s basic contribution account each pay cycle (biweekly, semi-monthly, monthly, etc.).

  • The Member Sponsor will will not make Employer Basic Contributions into the Plan for staff.

  • Other (define): The classifications of employees outlined in the section above will be eligible for Employer Basic Contributions when the following service requirements have been met: (a) Upon hire.

  • The portion of an Employer Basic Account that is invested in each Fund shall be credited on each Valuation Date with the number of units or shares, as applicable, determined by dividing the Employer Basic Contributions made by the Employer to that Fund on behalf of the Participant since the previous Valuation Date, if applicable, by the unit or share value for that Fund as determined on that Valuation Date.

  • The bookkeeping accounts maintained by the Service Provider on behalf of the Employer, with appropriate sub-accounts, to reflect: (i) Salary Deferral Contributions, contributed to the Plan, as may be elected by each Participant; (ii) Employer Contributions (whether Employer Matching Contributions, Employer Basic Contributions or Employer Special Contributions), each as adjusted for Deemed investment experience, transfers, withdrawals and distributions made in accordance with this Plan.

  • For the sake of clarity, Employer Basic Contributions, Matching Contributions or Elective Contributions will not be allocated to a Participant’s Account until at least one of the limits under Internal Revenue Code Section 401(a)(17), 415 or 402(g) is reached in the ISP or, as applicable, the RSP.

  • Because of the Federal Deposit Insurance Corporation Improvement Act (FDICIA), enacted in 1991 in response to the savings and loan crisis, regulatory accounting was required to be at least as tough as financial accounting.

  • As provided in Section 12(a), the interests of a Participant in the Employer Basic Contributions allocated to his account will always be 100% vested.

  • Employer Basic Contributions [Section 4.03 of the Plan]: The Clinic will make a basic contribution (currently 3% of compensation) to each eligible employee’s basic contribution account each pay period.

  • Wh e n s u c h p r o- visio n s ar e e na c t ed wi t h o u t h e ar i n gs, wi t h vi r t ua ll y n o floo r deb a t e o r legisl a t ive h is- t o ry , an d despi t e co n s t i t u t io na l objec t io n s n o t ed b y t h e Dep ar tm e n t of J u s t ice, t h e j u s- t ific a t io n s un de r l y i n g t h e m s h o u ld be c ar e- fu ll y ex a m i n ed.


More Definitions of Employer Basic Contributions

Employer Basic Contributions. An amount, as determined in the discretion of the Employer, which will be allocated to the Accounts of Participant's pursuant to Schedule C; d) Employer Matching Contributions: An amount, as may be specified in the Joinder Agreement, computed as a matching amount to any contribution made pursuant to a Salary Reduction Agreement. e)
Sample 1

Related to Employer Basic Contributions

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

  • 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.

  • Employer Contributions means all amounts paid into ASRS by an

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

  • 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.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • 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.

  • 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.

  • 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.

  • Accumulated contributions means the sum of all

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

  • 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.

  • 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.

  • 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.

  • 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).

  • Nonelective Contribution means an amount contributed by a participating

  • Member contribution means a contribution under regulation 32;

  • 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.

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

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Regular contributions means the amounts required to be

  • 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:

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