Pre-Tax Contributions definition

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.
Pre-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement before any applicable state and federal taxes have been deducted. The amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan. This amount shall not exceed the contributions attributable to the most costly Benefit Package Option afforded hereunder, and for purposes of Code Section 125, shall be treated as an Employer contribution (this amount may, however, be treated as an Employee contribution for purposes of state insurance laws).
Pre-Tax Contributions means Pre-Tax Matched Contributions and Pre-Tax Unmatched Contributions.

Examples of Pre-Tax Contributions in a sentence

  • The excess amounts shall first be taken from unmatched Pre-Tax Contributions and then from matched Pre-Tax Contributions.

  • A Participant who’s compensation is suspended due to an absence from employment due to military leave protected by Uniformed Services Employment and Reemployment Rights Act of 1994 (“USERRA”), may upon his or her return to employment contribute “make up” Pre-Tax Contributions equal to the amount he or she would have contributed except for the absence based upon the Participant’s election on file.

  • The amount of any excess deferrals that may be distributed to a Participant for a taxable year shall be reduced by the amount of Pre-Tax Contributions that were excess contributions and were previously distributed to the Participant for the Plan Year beginning with or within such taxable year.

  • All excess Pre-Tax Contributions shall be returned to the Participants no later than the last day of the following Plan Year.

  • The Actual Deferral Percentage of an eligible Employee who makes no Pre-Tax Contributions is zero.


More Definitions of Pre-Tax Contributions

Pre-Tax Contributions means contributions made by an Employer on behalf of a Participant in accordance with his or her Contribution Election pursuant to Article III.
Pre-Tax Contributions means contributions made by a Participant to the Plan in accordance with Section 4.3 that are excludable from the Participant’s gross income and intended to satisfy the requirements of Code Section 402 and which have not been irrevocably designated as Roth Contributions by the Participant.
Pre-Tax Contributions means contributions by an
Pre-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement before any applicable state and federal taxes have been deducted. The amounts are withheld for purposes of purchasing one or more of the Benefit Options available under the Plan. This amount shall not exceed the premiums or contributions attributable to the most costly Benefit
Pre-Tax Contributions means a Participant’s elective deferrals made as described in Section 402(g)(3) of the Code and made pursuant to Section 4.1 of the Plan.
Pre-Tax Contributions means contributions made to the Trust Fund on behalf of a Participant pursuant to Section 3.1.
Pre-Tax Contributions means Employee Contributions that are made on a pre-tax basis. This means that your taxable earnings from the University are reduced by your Pre-Tax Contributions before federal and most state taxes are withheld. This lowers your taxable income and allows you to pay less in income taxes. Pre-Tax Contributions, however, do not reduce your taxable earnings for purposes of computing your Social Security and Medicare taxes.