Annual Employer Contribution definition

Annual Employer Contribution means an amount for each Schedule B Participant equal to 10% of the sum of such Participant’s (i) base salary plus (ii) target annual bonus or, if lower, actual bonus, in each case in respect of the applicable year.
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Annual Employer Contribution means the annual amount contributed to the Plan by each Employer in accordance with the provisions of Section 6.1. 1.4 "BENEFICIARY" of a Participant, or of a former Participant, means the person or persons who, under the provisions of Article 4, shall be entitled to receive a distribution hereunder in the event such Participant or former Participant dies before his interest shall have been distributed to him in full. 1.5 "BREAK IN SERVICE" means any Plan Year during which a person's employment by an Employer or a Related Corporation results in his completing less than 501 Hours of Service for such Employer or such Related Corporation or during which a person completes no Hours of Service for such Employer 9 - 4 -
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Examples of Annual Employer Contribution in a sentence

  • For purposes of Code Section 409A, each Annual Employer Contribution will be treated as a separate payment.

  • The Annual Employer Contribution may be made periodically and the most that you can receive in reimbursement at one time will be your HRA balance at that time (subject to overall Cap), which is the sum of your accumulated employer contributions and the Carry Over amount.

  • For each such Schedule B Participant, in respect of each full year such Participant remains employed by the Company following such Participant’s designation as a Schedule B Participant, the Company shall contribute to an Account established or designated by such Participant the Annual Employer Contribution.

  • If an individual initially becomes a Participant solely as a result of the crediting of an Annual Employer Contribution Amount, such Participant shall make the appropriate elections relating to the distribution of such Amounts within 30 days after the end of the Plan Year with respect to which such Annual Employer Contribution Amount is credited.

  • A Participant, who has no vested interest in his Annual Employer Contribution Account or his Profit Sharing Contribution Account and no Section 401(k) Contribution Account or Rollover Account and who terminates service, shall be treated for purposes of (A) above as if he had received a distribution of the present value of his entire nonforfeitable interest as of the date of his termination of service.

  • If a Participant, who is not fully vested in his Annual Employer Contribution Account or his Profit Sharing Contribution Account, terminates service and receives a distribution of the present value of his entire nonforfeitable interest, then his forfeitable interest therein shall be forfeited immediately.

  • Each Annual Employer Contribution shall become vested and nonforfeitable in four equal installments on December 31 (the “Vesting Date”) of each of the four years following the year in respect of which the Annual Employer Contribution was made, provided that the Participant remains employed by the Company on the applicable Vesting Date.

  • Upon and after a Participant’s attainment of Normal Retirement Age, if he is then in the service of the Employer or an Affiliate, he shall have a nonforfeitable right to his Annual Employer Contribution Account and Profit Sharing Contribution Account.

  • If a Participant has not been an Employee for 5 consecutive Plan Years, then his forfeitable interest (at such time) in his Annual Employer Contribution Account and his Profit Sharing Contribution Account shall be forfeited.

  • The sponsoring Rotary District is notified of the hosting and the exchange procedures and processes.

Related to Annual Employer Contribution

  • 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 Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

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

  • Employer Contributions means all amounts paid into ASRS by an

  • 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.

  • Plan Year means the calendar year.

  • 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.

  • Nonelective Contribution means an amount contributed by a participating

  • Small employer carrier means any carrier that offers health benefit plans covering eligible employees of one or more small employers in this state.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Qualifying contribution means, with respect to a