Salary Deferral definition

Salary Deferral means the total amount deferred by the Participant from Compensation under Article III.

Salary Deferral or “Salary Deferral Amount” means the dollar amount or percentage of Salary which a Participant elects to defer by making a Salary Deferral Election pursuant to Article III.

Salary Deferral means a salary deferral pursuant to Section 5.01 of the Chiron 401(k) Plan.

Examples of Salary Deferral in a sentence

• Salary Deferral Elections I hereby apply for Participation in the above-named 403(b) Plan and direct my employer to withhold through payroll reduction the following amounts from each pay.

• The Employer will deposit any amounts withheld from a Participant’s Plan Compensation as Salary Deferrals into the Participant’s Salary Deferral Account under the Plan.

• The date of the first default Salary Deferral is the date that the Plan Compensation from which such Salary Deferrals are withheld would otherwise have been included in gross income.

• In addition, a notice satisfies the timing requirements only if it is provided sufficiently early so that the Employee has a reasonable period of time after receipt of the notice and before the first Salary Deferral made under the arrangement to make an alternative deferral election.

• However, they shall not be entitled to elect to have Salary Deferral Contributions made or to share in Employer Contributions or forfeitures unless and until they have met the requirements for eligibility, contributions and allocations.

More Definitions of Salary Deferral

Salary Deferral means an election by a Participant to defer the receipt of Salary in accordance with the requirements of Article IV.

Salary Deferral means an election by a Participant to defer the receipt of Salary in accordance with the requirements of Article III of this Plan.

Salary Deferral means the portion of Salary deferred by a Participant under Section 4.3(a) for a Plan Year.

Salary Deferral means the portion of Eligible Base Salary which is deferred by a Participant under Section 4.1 with respect to a Plan Year.

Salary Deferral means the amount or percentage of a Participant's --------------- Salary that the Participant has elected to defer pursuant to Article III.

Salary Deferral means the amount a Participant elects to defer out of his Salary, in accordance with Section 3.1.

Salary Deferral means the amounts withheld from an Employee Participant’s base salary for the applicable Participation Year, as described in Section 3.1(a) of Program A.