NGSP definition

NGSP means the Northrop Grumman Savings Plan.
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Examples of NGSP in a sentence

  • For this purpose, years of service shall be calculated in the same manner as for purposes of determining vesting in Retirement Account Contributions under the NGSP (including the treatment of a break in service).

  • All such sales agreements shall provide that each independent broker-dealer will assume full responsibility for items described in Sections 5(a) and 5(b) hereof, and for the continued compliance by itself and its representatives with applicable federal and state securities laws.

  • The Company will make a Company Contribution equal to the matching contribution rate for which the Participant is eligible under the NGSP for the Plan Year multiplied by the amount of the Participant's contributions under subsection (a).

  • The NGSP will be operated by POLAR in accordance with an Operating Agreement to be negotiated between PENTEX and AIDEA.

  • No Trainee shall begin the work experience until this Agreement has been fully executed by the NGSP and the Worksite.

  • If a Participant does not elect how future contributions will be deemed invested, contributions will be deemed invested in the qualified default investment alternative ("QDIA") that applies to the Participant under the NGSP.

  • Schedule D, NGSP 6 – Attachment B-1 National Grid Requirements for Contractor Employee Background Check & Contractor Compliance Statement (for National Grid Level 1 Baseline Requirements Only), rev.

Related to NGSP

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Qualified Matching Contributions means any Participating Employer Contributions to this Plan on behalf of Eligible Employees, provided that amounts attributable to such contributions are not distributable merely on account of the Employee’s hardship and are immediately vested.

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • 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).