Post-Tax Contribution definition

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.
Post-Tax Contribution means a contribution made by a Participant under the Plan in accordance with Section 4.5.
Post-Tax Contribution means a Participant‟s elective deferrals that are includible in the Participant‟s gross income at the time deferred and have been irrevocably designated as Post-Tax Contributions under §402A by the Participant in his or her Participation Agreement. A Participant‟s Post-Tax Contributions, and any investment gains or losses thereon, will be accounted for separately from the Participant‟s Pre-Tax Contributions and other Money Types.

Examples of Post-Tax Contribution in a sentence

  • Unless the Committee establishes different contribution limitations, a Participant may elect to make Pre-Tax Contributions for a Plan Year, in whole percentages of up to the excess of (i) seventy percent (70%) of his or her Compensation, over (ii) the percentage of his or her Compensation, if any, that he or she elects to contribute under the Plan as a Post-Tax Contribution.

  • To the extent permissible under Regulations, treat the amount of Excess Contributions attributable to such Participant as having been distributed to the Participant and recontributed by him to the Plan as a Post-Tax Contribution.

  • Excess Aggregate Contributions will be adjusted to reflect income earned and losses incurred for the Plan Year on the Participant's Post-Tax Contribution Account and Company Matching Contribution Account.

  • To the extent that a Participant elects to make both a Post-Tax Contribution and Pre-Tax Contribution for a particular pay period, his or her Pre-Tax Contributions shall be deemed to be the first dollars of Compensation contributed under the Plan for that pay period.

  • However, to the extent provided in Treasury Regulations and as permitted by the Committee, each affected Highly Compensated Employee may elect to treat such distributable amount as a Post-Tax Contribution, provided that the limitations of this Article VI and Section 5.01 are not exceeded.

  • A response was received from MHC on April 28, 2021, indicating that the building is not historically significant and no further review by MHC is required.

  • An individual account for each Participant which is credited with the balance, if any, of such Participant’s Prior Employee (Post-Tax) Contribution Account under the NGC Plan as of December 31, 1997, and which is credited with (or debited for) such account’s allocation of net income (or net loss) and changes in value of the trust fund of said Plan and this Plan.

  • Post-Tax Contributions shall be credited to the Participant’s Post-Tax Contribution Account.

  • Unless otherwise specified by the Participant, any withdrawal of Participant contributions from his Participant Post-Tax Contribution Account will be satisfied first by a withdrawal of his pre-1987 contributions, if any, and then by a withdrawal of his post-1986 contributions and/or earnings on contributions.

  • 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.


More Definitions of Post-Tax Contribution

Post-Tax Contribution means a Participant’s elective deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Post-Tax Contributions under

Related to Post-Tax Contribution

  • 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.

  • 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:

  • 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.

  • 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.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

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

  • Member contribution means a contribution under regulation 32;

  • 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.

  • Qualifying contribution means, with respect to a candidate, a contribution that—

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

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • 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.

  • 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.

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

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

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

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

  • Employer Contributions means all amounts paid into ASRS by an

  • 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.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Excess Contribution means a contribution that exceeds the

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

  • 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.

  • 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