Pre-Tax Employee Contributions definition

Pre-Tax Employee Contributions means before-tax voluntary contributions made to the Plan (as further described in Section IV, Employee Contributions) by Eligible Employees pursuant to Salary Reduction Agreements.
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Pre-Tax Employee Contributions means a Participant's elective contributions, if any, made pursuant to Section 3.1.
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Examples of Pre-Tax Employee Contributions in a sentence

  • The Pre-Tax Contributions component of the Cafeteria Plan allows you to make Pre-Tax Employee Contributions and receive Company contributions toward the Benefit Options you elect for yourself and your Covered Dependents.

  • Any affected Pre-Tax Employee Contribution by reason of subparagraph (iii)(B) above shall be held in the Investment Trust in a suspense account and be used as soon as practicable to reduce Pre-Tax Employee Contributions for Participants.

  • The "Primary Test" is satisfied if the Contribution Percentage for the contributions being tested (that is, for Pre-Tax Employee Contributions or for Matching Contributions, as the case may be) of the group of Highly Compensated Participants is not more than the Contribution Percentage for such contributions of all other Participants multiplied by 1.25.

  • ESSAY (To be attached): State why you are interested in the program and why you would be a proper representative.

  • Discussion and action on Resolution No. 2011-08, Resolution Regarding Pre-Tax Employee Contributions to the Wisconsin Retirement System.

  • If the total Participating Employer contributions and forfeitures otherwise allocated to the Accounts of the Participant for the Plan Year, excluding Pre-Tax Employee Contributions and (if required by the Code) Matching Contributions, equals or exceeds the minimum allocation, the min- imum allocation shall have been satisfied and there shall be no additional contribution for the Participant pursuant to this Article.

  • The Pre-Tax Employee Contributions paid to the Investment Trust for a Participant for any taxable year of the Participant shall not exceed seven li thousand dollars ($7,000) (or such greater amount as may be permitted for the taxable year pursuant to cost- of-living adjustments under Section 402(g) of the Code).

  • For each Plan Year the Contribution Percentages for Pre-Tax Employee Contributions shall satisfy either the Primary Test or the Alternative Test below.

  • If the cash Matching Contribution is made for the Participant, the Participant's Matching Contribution Account will not share in any allocation of Allocable Released Shares or Allocable Additional Shares pursuant to this Article, and in such regard the Participant's Matchable Pre-Tax Employee Contributions shall be disregarded in applying the allocation formulas of Section 5.2(c) and Section 5.2(e) of the Plan.

  • Article IV Compensation reductions and related Pre-Tax Employee Contributions for the Participant shall be suspended for the twelve (12) month period following receipt of the Distribution, and the Participant's elective and employee contributions to any other qualified and non- qualified plans (other than health or welfare plans) maintained by any Affiliated Group member shall also be suspended for such period.

Related to Pre-Tax Employee Contributions

  • 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.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • 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 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.

  • 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.

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

  • Employer Contributions means all amounts paid into ASRS by an

  • 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.

  • 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.

  • 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.

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

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

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • 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.

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

  • 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.

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

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Excess Contribution means a contribution that exceeds the

  • Taxable Wage Base means the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year.

  • 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.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • 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.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.