PAYSOP Contributions definition

PAYSOP Contributions means the contributions made by PPL in accordance with Section 4.3.
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PAYSOP Contributions means employer contributions to the PAYSOP that were transferred to the Plan in connection with the merger of the PAYSOP into the Plan.
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PAYSOP Contributions means the contributions made by PP&L in accordance with Section 4.3.
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Examples of PAYSOP Contributions in a sentence

  • Separate subaccounts shall also be maintained with respect to the Stock acquired with (a) TRASOP and PAYSOP Contributions, (b) Matching Contributions and (c) Dividend-based Contributions.

  • PAYSOP Contributions Prior to February 1, 1987, the Company made PAYSOP contributions to the Stock Ownership Fund for each year in an amount equal to the tax credit available under Section 44G of the IRC.

  • The Trustee shall establish and maintain subaccounts within the FirstEnergy Common Stock Fund for PAYSOP Contributions, and for such other contributions sources and amounts all as directed by the Administrator.

  • Notwithstanding the preceding subsection, if a Bargaining Unit Employee’s account under the PAYSOP has been merged into the Plan, such Bargaining Unit Employee shall be eligible to participate in the Plan as a Member with respect to those provisions of the Plan that are applicable to that portion of his or her Account attributable to PAYSOP Contributions.

  • When you receive a distribution from TIP of Pre-Tax Contributions, Matching Contributions, Pre- Tax Rollover Contributions, or PAYSOP Contributions, and the earnings on such contributions, the distribution will be taxed as ordinary income in the year you receive it.

  • In the case of an O&R Participant, After-Tax Contributions include Transferred Employee PAYSOP Contributions.

  • Source: Dung Ngo, World House Now: Contemporary Architectural Directions, (New York: Universe, 2003).These two images trigger two questions.

  • An O&R Participant may also withdraw the income credited after December 31, 1988, attributable to Transferred Employer PAYSOP Contributions and Rollover Contributions and income attributable to After-Tax Contributions if such income is subject to the restrictions on withdrawal pursuant to Section 7.03.

  • All PAYSOP Contributions shall remain in the Plan, as allocated, even though all or a part of the employee stock ownership credit for which such contributions may qualify under section 41 of the Code is redetermined.

  • All Stock acquired through TRASOP and PAYSOP Contributions made with respect to a Plan Year under Sections 4.1(a) and 4.3(a) shall be allocated, as of the close of such Plan Year, to the Account of each Participant (who was a Participant at any time during such Plan Year).


More Definitions of PAYSOP Contributions

PAYSOP Contributions means those amounts contributed, pursuant to Section 5.1 hereof, by the Employer.
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PAYSOP Contributions means contributions made to the Plan which were designated as Paysop Contributions with respect to Plan Years beginning before 1987.
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Related to PAYSOP Contributions

  • 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.

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

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

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

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

  • Employer Contributions means all amounts paid into ASRS by an

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

  • 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.

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

  • Accumulated contributions means the sum of all

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • 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.

  • 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.

  • 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:

  • Regular contributions means the amounts required to be

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

  • 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.

  • Other Contributions means financial or in-kind contributions other than the Grant as set out below: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

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

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • 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.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • 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.

  • 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.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

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