Matched Deferral Contributions definition

Matched Deferral Contributions means the Member’s Deferral Contributions up to 7% of Compensation for the Plan Year, except as may be limited by the provisions of Section 3.06.
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Examples of Matched Deferral Contributions in a sentence

  • The reductions shall be made first from Unmatched Deferral Contributions and, thereafter, from Matched Deferral Contributions, with any corresponding Incentive Contributions forfeited and reallocated pursuant to Section 3.5(g).

  • Company contributions under subsections (a) and (b) will be allocated to the Company Matching Contributions Accounts of all Members who made Matched Deferral Contributions during the Plan Year whether or not they have terminated employment for any reason during the Plan Year.

  • Effective on and after January 1, 2015, the Company shall contribute an amount in cash to such Member’s Company Matching Contribution Account equal to 100% of a Member’s Deferral Contributions up to 3% of a Member’s Compensation, plus 50% of the Member’s Matched Deferral Contributions for the Plan Year for such Member contributions in excess of 3% and up to 7% of the Member’s Compensation for the Plan Year.

  • Subject to subsection 3.06(d)(3), such Special Company Contributions, if any, will be allocated to the Company Common Stock Account of each Member in the same ratio as the Member’s Matched Deferral Contributions for such Plan Year bears to the Matched Deferral Contributions for all Members for such Plan Year.

  • Company contributions under subsections (a), (b) and (c) will be allocated to the Company Common Stock Accounts of all Members who made Matched Deferral Contributions during the Plan Year whether or not they have terminated employment for any reason during the Plan Year.

  • Such Additional Company Matching Contributions, if any, will be allocated to the Company Common Stock Account of each Member in the same ratio as the Member’s Matched Deferral Contributions for such Plan Year bears to the Matched Deferral Contributions for all Members in such Plan Year.

  • Such amount to be allocated to the Company Common Stock Account of each Member shall be determined by first calculating an amount equal to 100% of the Member’s Matched Deferral Contributions for the Plan Year, up to 3% of the Member’s Compensation for the Plan Year, plus 50% of the Member’s Matched Deferral Contributions for the Plan Year for such Member contributions in excess of 3% and up to 7% of the Member’s Compensation for the Plan Year.

  • Such Additional Company Matching Contributions, if any, will be allocated to the Account of each Member in the same ratio as the Member’s Matched Deferral Contributions for such Plan Year bears to the Matched Deferral Contributions for all Members in such Plan Year.

Related to Matched Deferral 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.

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

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

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

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

  • 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.

  • 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.

  • Employer Contributions means all amounts paid into ASRS by an

  • 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 Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • 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).

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • 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.

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

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Regular contributions means the amounts required to be

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

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.