University Match Contributions definition

University Match Contributions means the contributions made by the University on behalf of each Participant in accordance with Section 4.2.
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University Match Contributions means contributions made by the University to the Plan on behalf of eligible Participants who make Employee Contributions as further described in the University Match Contributions Section.
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Examples of University Match Contributions in a sentence

  • Participant Contributions in excess of 2% of Basic Compensation may be made by such Participant but shall not be eligible to share in University Match Contributions.

  • Participant Contributions in excess of 4% of Basic Compensation may be made by such Participant but shall not be eligible to share in University Match Contributions.

  • A Participant who returns from a qualified military service (as defined in Code Section 414(u)) shall be permitted to make retroactive Participant Contributions (and to receive corresponding University Match Contributions) to the extent permitted under Code Section 414(u).

  • A Participant who returns from a qualified military service (as defined in Code Section 414(u)) shall be eligible to receive retroactive University Core Contributions to the extent required under Code Section 414(u) and shall be permitted to make retroactive Participant Contributions (and to receive corresponding University Match Contributions) to the extent permitted under CodeSection 414(u).

  • For a Participant who has not met the requirements of subsection (a) above but who has completed two (2) Years of Contribution Service, University Match Contributions shall be made in an amount equal to his or her Participant Contributions that do not exceed two percent (2%) of his or her Basic Compensation.

  • The amount of University Salary Continuation Contributions shall be equal to University Match Contributions such Participant was receiving immediately prior to his or her Severance Date; provided, that University Salary Continuation Contributions shall not exceed 100% of his or her Includible Compensation (as defined in Section 5.1(b)(iii)) for his or her most recent year of service as described under the “former employee” rule in Code Section 403(b) and Treasury Regulations thereunder.

  • If any provision of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, it shall be modified, if possible, to the minimum extent necessary to make it valid and enforceable or, if such modification is not possible, it shall be stricken and the remaining provisions shall remain in full force and effect.

  • During a Leave with salary, Participant Contributions and University Match Contributions, if any, shall continue to be made for a Participant on the basis of his or her Gross Compensation and Basic Compensation then being paid by the University so long as he or she remains an Eligible Employee throughout such Leave.

  • If the aggregate amount of such Participant’s University Match Contributions for the Plan Year is less than the amount of his or her University Match Contributions when calculated on a Plan Year basis, the difference shall be contributed as additional University Match Contributions no later than the last day of the following Plan Year.

  • For a Participant who has not met the requirements of subsections (a) or(b) above, University Match Contributions shall not be made; provided, that Participant Contributions may be made by such Participant but shall not be eligible to share in University Match Contributions.The Plan Administrator shall implement the increases in University Match Contributions in a uniform and consistent manner.4.3 Rollover Contributions.

Related to University Match Contributions

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • 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.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • 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.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Employer Contributions means all amounts paid into ASRS by an

  • Regular contributions means the amounts required to be

  • Accumulated contributions means the sum of all

  • 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.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • 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 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.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • 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).

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • 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.

  • 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.

  • 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:

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Member contributions means all amounts paid to ASRS by a member.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.