Xxxx Elective Deferrals. 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.
Xxxx Elective Deferrals. An Elective Deferral designated by a Participant as a Xxxx Elective Deferral that at the time the deferral is made that is includible in the Participant’s gross income and has 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 containing only the Participant’s Xxxx Elective Deferrals and gains and losses attributable to those Xxxx Elective Deferrals. Xxxx Elective Deferrals shall be treated in the same manner as a pre-tax Elective Deferrals under the terms of the Plan. For purposes of interpreting the Plan, the term Elective Deferral shall mean both pre-tax Elective Deferrals and Xxxx Elective Deferrals except in cases where the context is clearly in violation of the requirements of this paragraph. Xxxx Elective Deferrals are effective on the later of when the Plan is adopted or January 1, 2006.
Xxxx Elective Deferrals. The Plan X does / □ does not (check one) permit Xxxx elective deferral contributions. These contributions will be permitted on and after August 1, 2019 (indicate a date on or after January 1, 2011). Note: Xxxx elective deferral contributions will be treated as pre-tax elective deferral contributions for all purposes under the Plan, including, but not limited to, eligibility for matching contributions. In addition, Xxxx elective deferral contributions must be permitted under the Plan to permit Xxxx rollover contributions.
Xxxx Elective Deferrals. (3) Employee (after-tax) Contributions.
Xxxx Elective Deferrals. A Participant may designate all or a portion or his or her Elective Deferrals as Xxxx Elective Deferrals in accordance with Section 3.2(c) of the Basic Plan.
Xxxx Elective Deferrals. A Deferral that is: (a) Designated irrevocably by the Participant at the time of the Deferral Agreement as a Xxxx Elective Deferral that is being made in lieu of all or a portion of the pre-tax elective Deferrals the Participant is otherwise eligible to make under the Plan; and (b) Treated by the employer as includible in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not made a cash or deferred election.
Xxxx Elective Deferrals. If elected in the Adoption Agreement, a Participant may elect to classify all or a portion of an Elective Deferral as a Xxxx Elective Deferral.
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 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).
Xxxx Elective Deferrals. This Plan will accept an eligible rollover distribution that consists of all or a portion of a designated Xxxx elective deferral from any qualified plan or Code §403(b) plan, subject to any procedure or policy established by the Plan. The Plan will account separately for any amounts so transferred.
Xxxx Elective Deferrals. Effective January 1, 2009, the Plan will accept Xxxx Elective Deferrals made by Participants. A Xxxx Elective Deferral is an elective deferral that is (a) designated irrevocably by the Participant at the time of the cash or deferred election as a Xxxx elective deferral that is being made in lieu of all or a portion of the pre-tax elective deferrals the Participant is otherwise eligible to make under the Plan; and (b) treated by the Employer as includible in the Participant’s income at the time the Participant would have received that amount in cash of the Participant had not made a cash or deferred election. All Xxxx Elective Deferrals under the Plan shall satisfy the requirements of Treas. Reg. §1.403(b)-3(c). A Participant’s Xxxx Elective Deferrals will be allocated to a separate account maintained for such deferrals as described in this Section 4.2. Unless specifically stated otherwise, Xxxx Elective Deferrals will be treated as elective deferrals for all purposes under the Plan. Contributions and withdrawals of Xxxx Elective Deferrals will be credited and debited to the Xxxx elective deferral account maintained for each Participant. The Administrator and each Fund Sponsor will maintain a record of the amount of Xxxx Elective Deferrals in each Participant’s Account. Gains, losses and other credits or charges must be separately allocated on a reasonable and consistent basis to each Participant’s Xxxx elective deferral account and the Participant’s other accounts under the Plan. No contributions other than Xxxx Elective Deferrals and properly attributable earnings will be credited to each Participant’s Xxxx elective deferral account. Notwithstanding Section 6.7 of the Plan, a direct rollover of a distribution from a Xxxx elective deferral account under the Plan will only be made to another Xxxx elective deferral account under an applicable retirement plan described in Code §402A(e)(1) or to a Xxxx XXX described in Code §408A, and only to the extent the rollover is permitted under the rules of Code §402(c). Notwithstanding Section 4.9 of the Plan, the Plan will accept a rollover contribution to a Xxxx elective deferral account only if it is a direct rollover from another Xxxx elective deferral account under an applicable retirement plan described in Code §402A(e)(1) and only to the extent the rollover is permitted under the rules of Code §402(c). The Plan will not provide for a direct rollover (including an automatic rollover) for distributions from a Part...
