Savings Contribution definition

Savings Contribution means an amount contributed to the Plan on behalf of a Participant through salary reduction pursuant to Section 5(b) and credited to a Participant’s Savings Contribution Account;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Savings Contribution means a contribution to this Plan on -------------------- behalf of a Participant by an Employer pursuant to paragraph (a) of Article VI.

Savings Contribution means a Participant’s voluntary, after-tax contributions made to his Savings Contribution Account.

Examples of Savings Contribution in a sentence

For more information about the Saver’s Credit, check the IRS website ▇▇▇.▇▇▇.▇▇▇ under the term, “Retirement Savings Contribution Credit” or “Saver’s Credit.” Certain taxpayers may transfer funds from their IRA to an eligible charitable organization.
Under the Saver’s Credit program, eligible participants are able to claim a nonrefundable "saver’s credit" of up to 50% of their "Qualified Retirement Savings Contribution", not to exceed $2,000 in any year.
Pfizer or another member of the Pfizer Group shall amend the Pfizer Savings Plan to provide that: (i) Company Transferred Employees shall be 100% vested in their account balances under the Pfizer Savings Plan as of the Plan Transition Date; and (ii) effective December 31, 2012, Company Transferred Employees shall not be eligible for a Retirement Savings Contribution (as defined in the Pfizer Savings Plan) with respect to benefits earned for services rendered in 2013 and thereafter.
Amounts to be credited to the reserve under this Section B.3 shall be credited during the month in which such Excess Savings Contributions would otherwise have been contributed to the Savings Plan or the Pay represented by such Supplemental Savings Contribution would have been received.
A Participant's interest in the reserve established for him which represents his Excess Savings Contribution and/or Supplemental Savings Contribution shall be nonforfeitable.

More Definitions of Savings Contribution

Savings Contribution means an after-tax payment, in whole percentages from one percent through 10 percent of an eligible Member’s Base Pay, transferred by the Company to the Trustee.

Savings Contribution means a participant's after-tax contributions to the Company's 401(k) and Savings Plan.

Savings Contribution means a Participant's voluntary, after-tax contributions made to the Plan or to a Merged Plan before December 31, 1996.

Savings Contribution means a Participant’s voluntary, after-tax contributions made to the Plan or to a Merged Plan before December 31, 1996.

Savings Contribution means an Employer contribution made to the Trust Fund pursuant to Section 4.3.

Savings Contribution means an Employer contribution to the Plan in an amount equal to the reduction in the Participant's Compensation pursuant to the Participant's election under the Plan.

Savings Contribution means the amount of Tax Saver Deferral and Standard Saver Contribution by or on behalf of a Participant, not in excess of sixteen percent (16%) of his Compensation.