Member Pre-Tax Contributions definition

Member Pre-Tax Contributions means all amounts contributed pursuant to Section 3.01 of the Plan.
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Member Pre-Tax Contributions means elective deferrals made to the Fund at the election of a Member which elective deferrals represent a percentage of the Compensation the Member earns as a Member in the employ of a Contributing Company during a payroll period; or, where the context so suggests, the accumulated elective deferrals so made to the Fund. This does not include Member Catch-Up Contributions.
Sample 1

Examples of Member Pre-Tax Contributions in a sentence

  • The amount of any such excess deferrals to be returned for any calendar year shall be reduced by any Member Pre-Tax Contributions previously returned to the Member under Section 3.08(a) for that calendar year.

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  • For purposes of determining the largest allocation to the Plan account of a Key Employee Member, Pre-Tax Contributions will be included.

  • If a Member’s Pre-Tax Contributions in a calendar year reach that dollar limitation, his election of Member Pre-Tax Contributions for the remainder of the calendar year will be canceled.

  • Member Pre-Tax Contributions that are intended to be Catch-Up Contributions for a Plan Year but which do not qualify as Catch-Up Contributions as of the end of the Plan Year shall be treated for all purposes under the Plan as Member Pre-Tax Contributions made under Section 3.01(a).

  • For purposes of this paragraph (b), any Member Pre-Tax Contributions, Employer Matching Contributions or Member After-Tax Contributions which may have been distributed or forfeited under the provisions of Section 3.01(d) or Section 3.08 shall be included in the annual addition for the year allocated; however, any 3/32 excess deferral timely distributed from the Plan under Section 3.01(c) or (d) shall be excluded from the definition of annual addition.

  • However, any excess contributions for any Plan Year shall be reduced by any Member Pre-Tax Contributions previously returned to the Member under Section 3.01(d) for that Plan Year.

  • As of the first pay period of the following calendar year, the Member’s election of Member Pre-Tax Contributions shall again become effective in accordance with his previous election.

  • The Member’s matched Member Pre-Tax Contributions and corresponding Matching Contributions shall be reduced to the extent necessary.

  • A Member who remains in the employ of the Employer or an Affiliated Employer but ceases to be an Employee shall continue to be a Member of the Plan but shall not be eligible to make Member After-Tax Contributions or receive allocations of Member Pre-Tax Contributions or Employer contributions while his 2/13 employment status is other than as an Employee.

Related to Member Pre-Tax Contributions

  • 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.

  • After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Member contributions means all amounts paid to ASRS by a member.

  • Member contribution means a contribution under regulation 32;

  • 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.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Precontribution Gain has the meaning set forth in subparagraph 4(c) of Exhibit B.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

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

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Employer Contributions means all amounts paid into ASRS by an

  • Tax Distributions has the meaning set forth in Section 4.01(b)(i).

  • 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:

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

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Regular contributions means the amounts required to be

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • 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.