Tax Deferred Plan definition

Tax Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or deferred profit sharing plan under the Tax Act;
Sample 1
Tax Deferred Plan means a trust governed by a registered retirement savings plan ("RRSP"), registered retirement income fund ("RRIF"), deferred profit sharing plan, registered disability savings plan ("RDSP"), registered education savings plan ("RESP"), tax-free savings account ("TFSA") or first home savings account ("FHSA") all within the meaning of the Tax Act.
Sample 1

Examples of Tax Deferred Plan in a sentence

  • In fact, Unsub only includes one visualization: a high-level summary at the overall package level (Figure 1).

  • All Bargaining Unit Faculty members are eligible to participate in the Teachers Insurance Annuity Association/College Retirement Equities Fund (TIAA/CREF) Tax Deferred Plan consistent with the terms of the plan.

  • Members may elect to have their Termination of Service Bonus paid as a lump sum, deposited into an annuity, or deposited into a Tax Deferred Plan (TDP).

  • Pay excluded from Employer retirement contributions: • Retirement incentives • Excellence awards • Payback • Leave payoff at retirement/termination • Supplemental pay (paid for MPSERS) • Special assignment pay (paid for MPSERS) • On-campus employees also teaching Global Campus course (paid for MPSERS) • Subsistence Voluntary Tax Deferred Plan Employees are strongly encouraged to contribute to a supplemental retirement account (“SRA”) to the extent allowed by law.

  • Contributions shall be made to a Service Purchase Tax Deferred Plan or plans (the “Plan”) established for the benefit of the Superintendent under Sections 403(b), 457(b), and 401(a) of the Code.

  • Any applicable University and employee contributions to the University of California Retirement System plans, including the University of California Retirement Plan (UCRP), the Defined Contribution Plan (DC Plan), , the Tax- Deferred Plan (403(b) Plan), and the 457(b) Deferred Compensation Plan (457(b) Plan) will continue for eligible employees in accordance with the plan provisions while a paycheck is received and will stop with the employee’s last paycheck.

  • This service credit shall be deposited in the teacher's account with a School District's Qualified Tax Deferred Plan as soon as administratively possible after the last day the teacher receives pay before they retire.

  • Any applicable University and employee contributions to the University of California Retirement System plans, including the University of California Retirement Plan (UCRP), the Defined Contribution Plan (DC Plan), the Tax- Deferred Plan (403(b) Plan), and the 457(b) Deferred Compensation Plan (457(b) Plan) will continue for eligible employees in accordance with the plan provisions while a paycheck is received and will stop with the employee’s last paycheck.

  • Introduction, and Scope, and Purpose This Investment Policy Statement (“Policy” or “IPS”) provides the framework for the management of the investments of the University of California Retirement Savings Program (“UCRSP” or the “Program”), which includes the Defined Contribution (DC) Plan, the 403(b) Tax Deferred Plan, and the 457(b) Deferred Compensation Plan, (collectively “the Plans”).

  • Holders who intend to hold Shares or Warrants in a Tax Deferred Plan should consult their own tax advisors regarding whether such securities are a “qualified investment” at the relevant time for such Tax Deferred Plan.


More Definitions of Tax Deferred Plan

Tax Deferred Plan means any Internal Revenue Service (“IRS”) approved arrangement by which the Investor may lawfully defer or not pay federal income taxes on the earnings of an investment. Examples include IRAs and any other IRS-qualified savings plan that allows individual participants to select their own investment vehicle.
Sample 1

Related to Tax Deferred Plan

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

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

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • 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.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • 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.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

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

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • 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.

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • 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).

  • 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.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • 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.

  • 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.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • 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.

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

  • 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.

  • Plan Year means the calendar year.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.