Xxxx Elective Deferrals definition

Xxxx Elective Deferrals means a Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and which have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be separately accounted for, as will gains and losses attributable to those Xxxx Elective Deferrals, in a Xxxx Elective Deferral Subaccount; provided, however, that no contributions (including forfeitures) other than Xxxx Elective Deferrals may be allocated to such Xxxx Elective Deferral Subaccount. The Plan shall also maintain a record of a Participant’s investment in the contract (i.e., designated Xxxx Elective Deferrals that have not been distributed).
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Xxxx Elective Deferrals means a Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be separately accounted for, as will gains and losses attributable to those Xxxx Elective Deferrals. However, forfeitures may not be allocated to such account. The Plan must also maintain a record of a Participant’s investment in the contract (i.e., designated Xxxx contributions that have not been distributed).
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Xxxx Elective Deferrals means a Participant's Elective Deferrals that are includible in the Participant's gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals at the time of the deferral. Xxxx Elective Deferrals shall be subject to the requirements of Sections 12.2(d) and 12.2(e) and shall, except as otherwise provided herein, be required to satisfy the nondiscrimination requirements of Regulation §1.401(k)-1(b), the provisions of which are incorporated herein by reference. A Participant's Xxxx Elective Deferrals will be maintained in a separate account containing only the Participant's Xxxx Elective Deferrals and gains and losses attributable to those Xxxx Elective Deferrals. In addition, the Administrator shall, to the extent necessary for proper reporting, separately account for any "in-Plan Xxxx rollover contributions" (as defined in Section 12.11) that are transferred to a Participant's Xxxx Elective Deferral Account. The portion of a Participant's Account attributable to "in-Plan Xxxx rollover contributions" is not subject to the distribution restrictions of Section 12.2(e).
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Examples of Xxxx Elective Deferrals in a sentence

  • Provisions in the Plan relating to Catch-Up Contributions apply to Elective Deferrals or Xxxx Elective Deferrals made after 2001.

  • If Participants are permitted to make Elective Deferrals, they shall also be permitted to make Xxxx Elective Deferrals.

  • Xxxx Elective Deferrals may be treated as Catch-Up Contributions.

  • Automatic enrollment in Xxxx Elective Deferrals is not permitted under the Plan.

  • Elective Deferrals or Xxxx Elective Deferrals shall not include any deferrals properly distributed as Excess Annual Additions.

  • The Plan’s definition of Compensation excludes bonuses from deferrable Compensation for both Elective Deferrals and Xxxx Elective Deferrals.

  • An otherwise applicable Plan limit is a limit in the Plan that applies to Elective Deferrals or Xxxx Elective Deferrals without regard to Catch-Up Contributions, such as the limits on annual additions, the dollar limitation on Elective Deferrals or Xxxx Elective Deferrals 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).

  • Forfeitures may not be allocated to a Xxxx Elective Deferral Account and no contributions other than designated Xxxx Elective Deferrals will be allocated.

  • Employer Matching Contributions under USERRA shall be made in the Plan Year for which the Participant exercises his or her right to make-up Elective Deferrals, Xxxx Elective Deferrals and/or other Employee contributions for prior years.

  • If distribution is requested, the applicable plan(s) shall make distribution of the Excess Elective Deferrals or Xxxx Elective Deferrals, plus any income and minus any loss allocable thereto, no later than April 15 following the calendar year to which the excess is attributable.


More Definitions of Xxxx Elective Deferrals

Xxxx Elective Deferrals means a Participant’s Xxxx Elective Deferrals, made pursuant to a salary reduction election, designating such deferrals as Xxxx Elective Deferrals includable in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not made a salary reduction election. Xxxx contributions are not considered employee contributions for nay purpose under the plan. Pre-Tax Elective Deferrals and Xxxx Elective Deferrals are designated irrevocably by the Participant at the time of the salary reduction election as either a Pre-Tax Elective Deferral or Xxxx Elective Deferral. Pre-Tax Elective Deferrals and Xxxx Elective Deferrals are each subject to a separate accounting that shall be maintained with respect to that portion of the Participant’s Elective Account attributable to such Pre-Tax Elective Deferrals or Xxxx Elective Deferrals pursuant to Section 4.2 (including a separate accounting for Catch-Up Contributions) and any gains or losses attributed to each and any Employer Qualified Non-Elective Contributions.
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Xxxx Elective Deferrals means a Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be separately accounted for, as will gains and losses attributable to those Xxxx Elective Deferrals, in a Xxxx Elective Deferral account.
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Xxxx Elective Deferrals. “Xxxx Elective Deferrals” means a Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be separately accounted for, as will gains and losses attributable to those Xxxx Elective Deferrals. However, forfeitures may not be allocated to such account. The Plan must also maintain a record of a Participant’s investment in the contract (i.e., designated Xxxx contributions that have not been distributed).
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Xxxx Elective Deferrals. A Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be maintained in a separate account or separately accounted for, and contain only the participant’s Xxxx Elective Deferrals and gains and losses attributable to those Xxxx Elective Deferrals. ARTICLE XV PROVISIONS FOR TRADITIONAL CASH OR DEFERRED ARRANGEMENTS
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Related to Xxxx Elective Deferrals

  • 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.

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

  • 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.

  • 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

  • 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.

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

  • 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.

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

  • 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.

  • 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.

  • Non-Highly Compensated Employee means an Employee who is not a Highly Compensated Employee.

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

  • 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.

  • Employer Contributions means all amounts paid into ASRS by an

  • Plan Year means the calendar year.

  • 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.

  • Nonhighly Compensated Employee means an Eligible Employee who is not a Highly Compensated Employee and who is not a family member treated as a Highly Compensated Employee.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Excess Deferrals means, with respect to any taxable year of a Participant, either (a) those elective deferrals within the meaning of Code §§402(g) or 402A that are made during the Participant's taxable year and exceed the dollar limitation under Code §402(g) (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for such year; or (b) are made during a calendar year and exceed the dollar limitation under Code §§402(g) and 402A (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for the Participant's taxable year beginning in such calendar year, counting only Elective Deferrals made under this Plan and any other plan, contract or arrangement maintained by the Employer.

  • Highly Compensated Employee means any Employee who:

  • Limitation Year means the Plan Year.

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

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