Base Contribution definition

Base Contribution means, with respect to each Plan Year, the Base Contribution as provided in Section 4.1.
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Base Contribution means an amount contributed to the Jackpot prize category in order to fund the initial drawing.
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Base Contribution means the amount contributed by the Employer for a Plan Year, if any, defined as "Qualified Non-elective Contribution" under Paragraph 4.3(e) and "Qualified Matching Contribution" under Paragraph 5.6(e), in order to facilitate the Plan's compliance with the non-discrimination requirements of Code (S)(S) 401(k) and 401(m), as declared by the Board in its sole discretion.
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Examples of Base Contribution in a sentence

  • Base contribution limits are reduced by 20% pursuant to A.R.S. § 16-941(B), but increased by $100 pursuant to A.R.S. § 16-931(A)(2).

  • If the contributions for the maximum allowable floor space development is the Base Contribution (BC) the value of the contribution due to increase of floor space will be the Base contribution (BC) per unit floor space multiplied by the additional floor space (New FS- Base FS).

  • Your Base contribution rate increases as your accrual service grows.

  • The contributions are equal to your eligible compensation during the year multiplied by your Base contribution rate.

  • Contributions of Self-Employed Worker Base contribution — self-employed worker, family-type resource or intermediate resource.

  • Years of Accrual Service At End of Plan Year For example, if you have one year of accrual service and your eligible compensation is $40,000, your Base contribution would equal 4% of $40,000 - or $1,600 – for the year.

  • You earn one (1) year of accrual service for each year you are a participant and work at least 1,000 hours.The following chart shows the MHS Base contribution schedule according to your years of accrual service.

  • Base contribution: Effective January 1, 2018, the City shall contribute 3% of the employees base pay (base pay does not include overtime) on each payroll to the employees account in the City’s Deferred Compensation Plan.

  • If you leave MHS prior to becoming vested, your Base contribution account balance will be forfeited.

  • Base contribution rates for LEOFF Plan 2 were established on an ad‐hoc basis prior to 1989, but generally were only changed every two years, unless there was a benefit increase.

Related to Base Contribution

  • 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:

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

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

  • 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.

  • 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.

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

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • 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.

  • Nonelective Contribution means an amount contributed by a participating

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • 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.

  • 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.

  • 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).

  • Excess Contribution means a contribution that exceeds the

  • State contribution means the lesser of:

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • 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.

  • 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.

  • 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.

  • 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.

  • Contribution Rate means, in a reserve study as described in RCW 64.38.065, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • 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

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

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