Discretionary Contribution definition

Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

Discretionary Contribution means Shares or amounts of money contributed to the Plan by the Participating Employers in accordance with section 5.3.

Discretionary Contribution means a Company contribution to a Participant’s Account made in the Compensation Committee’s discretion pursuant to Section E.2.

Examples of Discretionary Contribution in a sentence

• Discretionary Contribution Grants are available when an applicant has a contribution to make towards a mandatory DFG based on a financial means test.

• If the Employer/Sponsoring Entity has elected Discretionary Contributions or Accrued Leave Contributions in the Plan Specifications, the Administrator shall keep an account known as the “Employer/Sponsoring Entity Contribution Account,” for each Participant for whom the Employer/Sponsoring Entity makes a Discretionary Contribution and a second account known as the “Accrued Leave Contribution Account,” for each Participant for whom the Employer/Sponsoring Entity makes an Accrued Leave Contribution.

• Discretionary Contributions are credited at the sole discretion of the Participating Employer, and the fact that a Discretionary Contribution is credited in one year shall not obligate the Participating Employer to continue to make such Discretionary Contributions in subsequent years.

• If a contribution is made, you may receive an allocation if:− you are employed on the last day of the Plan Year; and− you completed 1,000 Hours of Service with the Employer during the Plan Year (special rules for counting 1,000 hours apply if you are transferred to a Related Employer during the Plan Year).The Employer Discretionary Contribution, if any, will be made to your Employer Discretionary Contributions Account in the calendar year following the end of the applicable Plan Year.

• Generally the amount deferred will be taxable when paid, unless it can be shown that there is no longer a substantial risk of forfeiture (i.e., the employer has set the deferred amount aside in a separate account or fund established in the worker’s name).Not Taxable: Discretionary Contribution.

More Definitions of Discretionary Contribution

Discretionary Contribution means an Employer contribution determined in accordance with Section 4.4 (Discretionary Contributions) of this Plan, which may, in the discretion of the Employer, be transferred to the Trust.

Discretionary Contribution means a Company contribution to a Participant’s Account made in the Compensation Committee’s discretion pursuant to Section E.2 of this Plan.

Discretionary Contribution means, with respect to each Plan Year, the portion of the Employer Contribution as provided in Section 4.2(b).

Discretionary Contribution means a contribution made for the benefit of a Participant by a Participating Employer in the discretion of the Board of Directors.

Discretionary Contribution means an unfunded contribution for the benefit of a Participant, as described in Section 6.

Discretionary Contribution means an amount contributed to the Plan by a Participating Employer pursuant to Section 6(b) and credited to a Participant’s Discretionary Contribution Account.

Discretionary Contribution means amounts credited by the Company to a Participant’s Account pursuant to Section 3(d) below.