Salary Reduction Contributions definition

Salary Reduction Contributions means contributions made under the Cafeteria Plan based on an election by a Participant to have amounts withheld from the Participant’s compensation on a pre-tax or after-tax basis to pay for benefits or coverage provided under a Component Benefit.

Salary Reduction Contributions means contributions made pursuant to a written agreement between the Employee and the Employer, and by which the Employee's salary for future services is reduced and the amount of such reduction is contributed by the Employer to the Custodial Account.

Salary Reduction Contributions means, unless otherwise expressly provided herein, Elective Deferral Contributions, Catch-Up Contributions, Roth Elective Deferral Contributions, and Roth Catch-Up Contributions.

Examples of Salary Reduction Contributions in a sentence

• Furthermore, the Employer must make Salary Reduction Contributions, Cash or Deferred Contributions, Employer matching contributions (including qualified Employer matching contributions) and qualified Employer nonelective contributions no later than the time prescribed by the Code or by applicable Treasury regulations.

• Salary Reduction Contributions and Cash or Deferred Contributions are Employer contributions for all purposes under this Plan, except to the extent the Code or Treasury regulations prohibit the use of these contributions to satisfy the qualification requirements of the Code.

• The Employer must make Salary Reduction Contributions to the Trust within an administratively reasonable period of time after withholding the corresponding Compensation from the Participant.

• Funding Vehicle & Amount of After-Tax Salary Reduction Contributions to the Roth 403(b): Part 5b.

• Funding Vehicle & Amount of Pre-Tax Salary Reduction Contributions to the 457(b): Part 5c.

More Definitions of Salary Reduction Contributions

Salary Reduction Contributions means the amount by which an Eligible Employee or a Participant agrees to reduce his salary from his Employer, which reduction shall be equal to a percentage of his Compensation (excluding bonuses) per payroll period, which shall not be less than one percent (1%) or more than sixty-five percent (65%) of Compensation for such Eligible Employee or Participant.

Salary Reduction Contributions means, for any Participant, contributions on his behalf as provided in Section 3.1(a).

Salary Reduction Contributions means pre-tax elective contributions within the meaning of Section 401(k) of the Code and the regulations thereunder made by Participants in accordance with Paragraph 5.3. Salary Reduction Contributions are subject to the limitations of Article XV.

Salary Reduction Contributions means amounts contributed by the Company or a Participating Employer on behalf of Participants pursuant to the provisions of section 4.1 of the Plan.

Salary Reduction Contributions means a Participant’s elective contributions described in Section 2.1. Salary Reduction Contributions are comprised of two components: Regular Salary Reduction Contributions and Catch-up Contributions.

Salary Reduction Contributions means contributions made to the Trust by the Employer in accordance with Section 4.01 hereof as a result of the election by Participants to contribute part of their Compensation.

Salary Reduction Contributions means a Participant’s affirmative elective contributions and default elective contributions described in Sections 2.1, 2.2 and 2.3.