Pre-Tax Elective Contributions definition

Pre-Tax Elective Contributions means a Participant’s Elective Contributions or Catch-Up Contributions that are excludable from the Participant’s gross income at the time deferred and are irrevocably designated as Pre-Tax Elective Contributions by the Participant in his or her deferral election. A Participant’s Pre-Tax Elective Contributions will be separately accounted for, as will gains and losses attributable to those Pre-Tax Elective Contributions.
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Pre-Tax Elective Contributions means a Participant's elective contributions which are not includible in the Participant's
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Pre-Tax Elective Contributions means those contributions made to the Plan by the Employer that were subject to the cash or deferred election under the Employer Contributions – Elective Contributions section, below, and were not designated as Roth Elective Contributions.
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Examples of Pre-Tax Elective Contributions in a sentence

  • In accordance with Revenue Procedure 2008-50, the matching contributions (and any earnings allocable thereto) associated with any matched elective deferrals (either Roth 401(k) or Pre-Tax Elective Contributions) being returned to the participant shall be forfeited and used to reduce future employer contributions.

  • Refunds shall first be made from the participant’s Roth 401(k) Contributions, if any, then from the participant’s Pre-Tax Elective Contributions.

  • For SIMPLE 401(k) plans, a 401(k) Withdrawal will include, on a pro rata basis, your Pre-Tax Elective Contributions and the following employer contributions, to the extent applicable under your plan: SIMPLE Matching Contributions and SIMPLE Nonelective Contributions.* Only Roth 401(k) Contributions will be included with this withdrawal.** In order to take a Non-401(k) Hardship Withdrawal, you must be 100% vested in these contribution sources.

  • Any Elective Contributions that are not designated as Roth Contributions shall be deemed to be Pre-Tax Elective Contributions.

  • The department head has final say on the maximum number of TA allocations for faculty.

  • The term “Elective Contribution” includes Pre-Tax Elective Contributions and Designated Roth Contributions.

  • Choose one or more: c 401(k) Withdrawal Only† c Roth 401(k) Salary Deferral Withdrawal Only* c Non-401(k) Withdrawal** † A 401(k) Withdrawal will include, on a pro rata basis, your Pre-Tax Elective Contributions and the following employer contributions, to the extent applicable under your plan: Safe Harbor Matching Employer Contributions; Safe Harbor Nonelective Contributions; Qualified Matching Contributions; and Qualified Nonelective Contributions.

  • Organization and participation in International Scientific Meetings, Conferences and Field Excursions.3. Cooperation with other IAGOD National Groups (Kyrgyz, Uzbekistan, Russia, China et al.) on the basis of International project “Geology, Geodynamics and Metallogeny of Central Asia”.4.

  • Number of Shareholders/Whether the Stock is Widely Held.A court‘s inquiry into whether a debtor‘s stock is sufficiently widely held to weigh in favor of the appointment of an Equity Committee generally proves non-controversial.

  • The determination of whether any of the Participant’s Pre-Tax Elective Savings Deferrals are catch-up contributions because they exceed any of the limits described in the immediately preceding sentence shall be determined (i) for a limit based on a Plan Year or limitation year, at the end of such year; or (ii) for a limit based on any other basis (such as a calendar year or taxable year of the Participant), as of the Pay Day that relates to such Pre-Tax Elective Contributions.

Related to Pre-Tax Elective Contributions

  • 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.

  • 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.

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

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • 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.

  • 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.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Employer Contributions means all amounts paid into ASRS by an

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Excess Contribution means a contribution that exceeds the

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • 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.

  • Nonelective Contribution means an amount contributed by a participating

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • 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.

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

  • 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.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • 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