Incentive Contribution definition

Incentive Contribution means that portion of a Participant’s incentive award under the Company’s Short Term Annual Incentive Plan (“STIP”) which the Participant has elected to defer under the STIP and under Section 4.2.
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Incentive Contribution means any payment by the Company to the Trust Fund in accordance with Plan Section 4.9.
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Incentive Contribution means that portion of a Participant's incentive award under the Company's Short Term Annual Incentive Plan (“STIP”) which the Participant has elected to defer under the STIP and under Section 4.2.
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Examples of Incentive Contribution in a sentence

  • In the event of the return of any Excess Contributions or Excess Deferrals to an Active Participant, no Incentive Contribution shall be made with respect to such Excess Contributions or Excess Deferrals and, if a related Incentive Contribution is made before a determination of Excess Deferrals or Excess Contributions, such Incentive Contribution shall be forfeited as of the date of such return and shall be used to reduce the contributions to be made by the Employer for the Plan Year.

  • For an Active Participant who is a Designated Pru-Care Employee, a special Incentive Contribution equal to 136% of the amount obtained by applying the preceding sentence shall be made, in lieu of the Incentive Contribution provided in the preceding sentence, during the 1999 Plan Year.

  • Any individual who is not already a Participant and whose Account is credited with an Incentive Contribution shall become a Participant as of the date such amount is credited.

  • A Participant's Account, other than such Participant's Incentive Contribution Account, shall be 100% vested at all times.

  • A Participant may not make withdrawals from the Deferral Account or the Incentive Contribution Account before Termination from Service, except: (a) upon attainment of age 59-1/2; or (b) in the event of Hardship as provided in Section 9.3. No withdrawals may be made from the Incentive Contribution Account until the Participant is vested in accordance with the provisions of Article VII.

  • The total Incentive Contribution made on behalf of each Active Participant who meets the requirements of this Section 3.6 shall not exceed the lesser of (i) one hundred percent (100%) of the Active Participant's Deferral Contributions during such month (or payroll period) and (ii) five percent (5%) of the Active Participant's Pay during such month (or payroll period).

  • The Incentive Contribution Account of any Participant who was a Participant on December 31, 1998 shall be 100% vested.

  • The terms specified by the Company shall supersede any other provision of this Plan as regards Incentive Contribution and earnings with respect thereto.

  • The Employer, in its discretion, may permit the Participant to designate a distribution schedule for a particular Incentive Contribution provided that such designation is made prior to the time that the Employer finally determines that the Participant will receive the Incentive Contribution.

  • The total Incentive Contribution made on behalf of each Active Participant who meets the requirements of this Section 3.6 shall not exceed the lesser of (I) one hundred percent (100%) of the Active Participant's Deferral Contributions during such month (or payroll period) and (II) five percent (5%) of the Active Participant's Pay during such month (or payroll period).


More Definitions of Incentive Contribution

Incentive Contribution means the amount, as determined by the Company it its sole discretion from time to time, credited to a Participant's Account in accordance with Article IV.
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Incentive Contribution means a discretionary additional contribution made by the Employer as described in Section 3.3.
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Incentive Contribution means a discretionary additional contribution made by the Employer as described in Section 4.3.
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Incentive Contribution means a discretionary additional contribution made by the Company as described in Section 4.1. 30 2.11 INSOLVENT means the occurrence of any of the following: a. The Company or the Bank shall make an assignment for the benefit of creditors, file a petition in bankruptcy, petition or apply to any tribunal for the appointment of a custodian, receiver, liquidator, sequestrator, or any trustee for it or a substantial part of its assets, or shall commence any case under any bankruptcy, reorganization, arrangement, readjustment or debt, dissolution, or liquidation law or statute of any jurisdiction (federal or state), whether now or hereafter in effect; or if there shall have been filed any such petition or application, or any such case shall have been commenced against it, in which an order for relief is entered or which remains undismissed; or the Company or the Bank by any act or commission shall indicate its consent to, approval of or acquiescence in any such petition, application or case or order for relief or to the appointment of a custodian, receiver or any trustee for it or any substantial part of any of its property, or shall suffer any such custodianship, receivership or trusteeship to continue undischarged; or
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Related to Incentive Contribution

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.1(c) and Section 4.6(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) 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), the provisions of which are specifically incorporated herein by reference.

  • 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 Elective Deferral, under a plan maintained by the Employer.

  • Nonelective Contribution means an amount contributed by a participating

  • 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).

  • 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: