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).
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 contribution to the Plan pursuant to the election described in Section 2.01 by the Employee, which election authorizes the 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 federal income tax purposes

Examples of Pre-Tax Contribution in a sentence

  • The Pre-Tax Contribution Program will continue unless modified or exempted by the Federal Tax Code.

  • Such contributions will be credited to the Employer Contribution Accounts or Pre-Tax Contribution Accounts, respectively, of Participants on whose behalf they are made at such time as the Corporation determines, but no later than the last day of such Plan Year.

  • The Pre-Tax Contribution shall be allocated to the Pre-Tax Account of the Participant with respect to whom the amount is paid.

  • Except as otherwise expressly provided for, any Qualified Non-elective Employer Contribution shall be treated as a Pre-Tax Contribution for all purposes under the Plan.

  • Such contributions will be credited to the Participants' respective Pre-Tax Contribution and After-Tax Contribution Accounts as of the earlier of (a) the date such contributions are received by the Trust and (b) the last day of the Plan Year in which the Compensation is paid.


More Definitions of Pre-Tax Contribution

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.
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 a Participant's contribution to the Plan as determined under Section 5.1, reduced by any applicable employment taxes.
Pre-Tax Contribution means a contribution to the Plan at the election, or deemed election, of a Participant in accordance with Section 3.1, Pre-Tax Contributions and Section 3.3, Roth Contributions. However, the term “Pre-Tax Contributions” shall not include Roth Contributions for purposes of Sections 1.45, Pre-Tax Contribution Account; 3.1, Pre-Tax Contributions; or 9.8(c), Hardship Withdrawals. Additionally, the following elective deferrals and Roth contributions will be treated as Pre-Tax Contributions for purposes of determining the SavingsPLUS Contribution (a) with respect to an individual who becomes eligible to make Pre-Tax Contributions under the Plan during any Plan Year as a result of his or her no longer being covered under a collective bargaining agreement, his or her elective deferrals (within the meaning of Code § 402(g)) and Roth contributions (within the meaning of Code § 402A) under a Collectively Bargained Plan prior to the latest date in such Plan Year on which he or she became eligible to make Pre-Tax Contributions (other than elective deferrals and Roth contributions with respect to which a matching contribution (within the meaning of Code § 401(m)) of any amount was made under the Collective Bargaining Plan) and (b) with respect to an individual who was a Participant in a plan that merged into and became a part of the Plan who becomes eligible to make Pre-Tax Contributions as a result of a merger of that plan into the Plan, his or her elective deferrals (within the meaning of Code § 402(g)) and Roth contributions (within the meaning of Code § 402A) made under such merged plan in the Plan Year in which he or she first became eligible to make Pre-Tax Contributions.
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 the amount, if any, that a Participant elects to have deducted from his or her Compensation to be contributed to the Plan on a pre-tax basis.
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.