Section 436 Contribution definition

Section 436 Contribution means a contribution made to avoid the application of a limitation under this Section for a Plan Year. The amount of any Section 436 Contribution will be determined in accordance with applicable regulations, including, but not limited to, Treas. Reg. § 1.436-1(f)(2). The following rules also will apply:
Sample 1

Examples of Section 436 Contribution in a sentence

  • Since UCSD generally does not desire to license the UCSD logo shown in Attachment B, UCSD consents to a license only of the existing uses of the UCSD Logo which Gompers adopted prior to the date of this MOU, as described in Attachment C.

  • The term "Section 436 Contribution" shall mean a Section 436 contribution within the meaning of Treasury Regulation Section 1.436-1(j)(7).

  • If the AFTAP for the Plan Year determined without regard to the liability for the amendment is 80% or more then the amount of the Section 436 Contribution is equal to the amount sufficient to result in an AFTAP of 80% for the Plan Year (taking into account the Section 436 Contribution and the liability for the amendment).

  • A Section 436 Contribution made on any date other than the applicable valuation date will be adjusted with interest (see Treas.

  • If the AFTAP for the Plan Year determined without regard to the liability for the Unpredictable Contingent Event Benefit(s) is less than 60% then the amount of the Section 436 Contribution is equal to the amount of the increase in the funding target of the Plan under Code Section 430 for the Plan Year attributable to the occurrence of the unpredictable contingent event.

  • If the AFTAP for the Plan Year determined without regard to the liability for the amendment is less than 80% then the amount of the Section 436 Contribution is equal to the amount of the increase in the funding target of the Plan under Code Section 430 for the Plan Year attributable to the amendment.

  • To avoid the application of a limitation under this Section for a Plan Year, a Section 436 Contribution must be made during the Plan Year and before the date of the act or occurrence (e.g., benefit payment, benefit accrual, or plan amendment) that would otherwise be limited but for the Section 436 Contribution.

  • If an Unpredictable Contingent Event Benefit is not permitted to be paid during a Plan Year by reason of the limitation in this subparagraph (b) but the limitation ceases to apply later in the same Plan Year (e.g., due to a Section 436 Contribution) then such benefit will be paid, retroactive to the period the benefit would have been payable but for the limitation in this subparagraph (b).

  • The limitation in this subparagraph (b) will cease to apply with respect to a Plan Year if the Employer makes a Section 436 Contribution to the Plan (in addition to the minimum required contribution under Code Section 430).

  • If the AFTAP for the Plan Year determined without regard to the liability for the Unpredictable Contingent Event Benefit(s) is 60% or more then the amount of the Section 436 Contribution is equal to the amount sufficient to result in an AFTAP of 60% for the Plan Year (taking into account the Section 436 Contribution and the liability for the Unpredictable Contingent Event Benefit(s)).

Related to Section 436 Contribution

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • 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.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • 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.

  • 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.

  • Member contribution means a contribution under regulation 32;

  • Contribution Period means a period in respect of which contributions appropriate to the benefit in question are payable, have been paid or treated as paid under the legislation in question;

  • Qualifying contribution means, with respect to a candidate, a contribution that—

  • Nonelective Contribution means an amount contributed by a participating

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund 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.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • 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.

  • 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.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1 of the Agreement.

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.