Post-Tax Contribution means the amount, if any, that a Participant elects to have deducted from his or her Compensation to be contributed to the Plan on an after-tax basis.
Examples of Post-Tax Contribution in a sentence
An individual account for each Participant which is credited with the balance, if any, of such Participants Prior Employee (Post-Tax) Contribution Account under the NGC Plan as of December 31, 1997, and which is credited with (or debited for) such accounts allocation of net income (or net loss) and changes in value of the trust fund of said Plan and this Plan.
Any Pre-Tax Contribution shall be allocated to the Pre-Tax Account of the Participant with respect to whom the amount is paid, any Catch-up Contribution shall be allocated to the Catch-up Account of the Participant with respect to whom the amount is paid, and any Post-Tax Contribution shall be allocated to the Post-Tax Account of the Participant with respect to whom the amount is paid.
Subject to the provisions of Article XII and Section 7.10, a Participant may at any time withdraw the amounts credited to his (i) Rollover Account, (ii) Roth Rollover Account and/or (iii) Post-Tax Contribution Account as selected by the Participant.
Any withdrawal from a Post-Tax Contribution Account made pursuant to this Section 7.03(a) shall first consist of any Post-Tax Contributions made by the Participant prior to January 1, 1987.
A Participants interest in his Pre-Tax Contribution Account, Post-Tax Contribution Account, Rollover Account, Salaried Pension Plan Rollover Account, and Dividends Account shall always be fully vested and nonforfeitable for any reason.