Pre-Tax Contribution definition

Pre-Tax Contribution means a contribution made by an Employer to this Plan on behalf of a Participant pursuant to Section 3.1(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Pre-Tax Contribution. An amount contributed by an eligible Participant in conjunction with his or her Code section 401(k) salary deferral election which shall be treated as made by the Employer on the eligible Participant's behalf.

Pre-Tax Contribution means a Participant's elective deferrals that are not includible in the Participant's gross income at the time deferred. A Participant's Pre-Tax Contributions, and any investment gains or losses thereon, will be accounted for separately from the Participant's Post-Tax Roth Contributions and will be held in the Participant's Pre-Tax Account.

Examples of Pre-Tax Contribution in a sentence

The Pre-Tax Contribution Program will continue unless modified or exempted by the Federal Tax Code.
The Town will make available a Pre-Tax Contribution Program in accordance with Section 125 of the Internal Revenue Service Code to each regular full-time employee, provided the employee meets all eligibility requirements for medical insurance.
The Pre-Tax Contribution shall be allocated to the Pre-Tax Account of the Participant with respect to whom the amount is paid.
Upon becoming a Participant, an Eligible Employee may elect to reduce his or her Pay by an amount which does not exceed the Contribution Dollar Limit, within the limits described in the Contribution Percentage Limits paragraph of this Section 3, and have such amount contributed to the Plan by the Employer as a Pre-Tax Contribution.
If selected in the Adoption Agreement, an Eligible Employee may make an Elective Deferral Election to have an amount withheld up to the amount of any bonus payable for such Plan Year and direct the Employer to contribute the amount so withheld to his or her Pre-Tax Contribution Account and/or ▇▇▇▇ Contribution Account.

More Definitions of Pre-Tax Contribution

Pre-Tax Contribution means the amount of a Participant's contribution to the Plan as determined under Section 5.1, reduced by any applicable employment taxes.

Pre-Tax Contribution means the contribution made to the Plan on a pre-tax basis by an Employer with respect to a Member pursuant to Section 5.01.

Pre-Tax Contribution means a Contribution the Church or Employer makes to the Plan pursuant to a Member’s Salary Reduction Agreement that satisfies the requirements of Code section 403(b) and Section 7.05 of this Plan. Pre-Tax Contribution also includes any additional elective Catch-Up Contributions made by a Member who is or will be age 50 or older in a Taxable Year, in accordance with, and subject to, Code section 414(v) and Section 3.02(B) of this Plan. Pre-Tax Contributions may only be made with respect to amounts that are compensation within the meaning of section 415(c)(3) of the Code and Treas. Reg. § 1.415(c)-2.

Pre-Tax Contribution means a Contribution made to the Plan for the benefit of a Participant on a pre-tax basis.

Pre-Tax Contribution means the amount of Salary Reduction authorized and designated by an Employee for contribution to the various accounts included in this Plan.

Pre-Tax Contribution means a contribution made to the Plan by the Employer at the election of a Participant pursuant to a Salary Reduction Agreement in accordance with Section 4.01.

Pre-Tax Contribution means a contribution to the Plan pursuant to the election described in Section 2.1 by the Eligible Employee, which election authorizes the Eligible Employee’s Employing Company to reduce, by the amount of the contribution, (i) the portion of his Annual Benefit Salary or Wages payable currently for each payroll period, and (ii) the amount includible in his gross income for Puerto Rico income tax purposes.