Tax-Efficient Savings election definition

Tax-Efficient Savings election means an agreement between an employee and the Participating Company to have the employee's wages or profit sharing distributions reduced by an amount specified by the employee and to have an amount equal to such reduction contributed by the Participating Company to the Plan on behalf of the employee, pursuant to Section 401(k) of the Internal Revenue Code and Paragraph IV hereof. FORD MOTOR COMPANY TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES I. Definitions (contd.)
Sample 1
Tax-Efficient Savings election. ’ shall mean an agreement between an employee and the Participating Company to have the employee’s wages or profit sharing distributions reduced by an amount specified by the employee and to have an amount equal to such reduction contributed by the Participating Company to the Plan on behalf of the employee, pursuant to Section 401(k) of the Internal Revenue Code and Paragraph IV hereof.
Sample 1

Related to Tax-Efficient Savings election

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Statewide popular election means a general election in which

  • 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.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • LCA Election has the meaning specified in Section 1.09(a).

  • Statewide special election means a special election called by the governor or the

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Distribution Reinvestment Plan means the distribution reinvestment plan of the Company approved by the Board and as set forth in the Prospectus.

  • 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:

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

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

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

  • Excess Contribution means a contribution that exceeds the

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Election Year means a year in which ordinary elections for local governments are required to be held;

  • Salary reduction plan means a benefit plan whereby state and

  • 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.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • 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.

  • Section 336(e) Election has the meaning set forth in Section 7.06.

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

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.