Employee Contribution definition

Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

Employee Contribution means any after-tax contribution made by an Active Participant to the Plan.

Employee Contribution means any voluntary non-deductible contribution made to the plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained in a separate Account to which earnings and losses are allocated.

Examples of Employee Contribution in a sentence

• A Participant's Elective Deferral Account, After-Tax Employee Contribution Account and Rollover/Transfer Account, and all earnings, appreciations, and additions thereto, less any losses, depreciation, and distributions allocable thereto, shall be fully vested and nonforfeitable at all times.

• Any contribution made to the Plan by a Participant as an After–Tax Employee Contribution that is included in the Participant's gross income in the year in which made and that is maintained under a separate account or separate accounting to which earnings and losses are allocated.

• Notwithstanding anything to the contrary in this Plan, no election shall be effective to the extent it would permit an Employee Contribution or distribution to be made that is not in compliance with Section 409A of the Code.

• At Normal Retirement Date, or such other date when the Participant or the Participant's Beneficiary is entitled to receive benefits, the Qualified Voluntary Employee Contribution Account shall be used to provide additional benefits to the Participant or the Participant's Beneficiary.

• Any election on an Employee Contribution form shall remain in effect until a new election is filed or the election is revoked or otherwise terminates.

More Definitions of Employee Contribution

Employee Contribution means the contributions made to the Plan by Participants, as provided for in Section 6.2;

Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant’s gross income in the year in which the contribution is made (other than Xxxx Elective Deferrals) and that is maintained under a separate account to which earnings and losses are allocated. Employee Contributions include Voluntary Employee Contributions and Mandatory Employee Contributions.

Employee Contribution means, with respect to a Participant for a month, the product of such Participant’s Contribution Amount and such Participant’s Eligible Pay.

Employee Contribution means a contribution payable under this Act for his or her benefit;

Employee Contribution means the amount deposited into the Employee’s Custodial Account pursuant to the Employee’s salary reduction agreement. Xxxx Contributions are not considered as Employee Contributions under this Agreement.

Employee Contribution means that portion of the total premium required by the subscriber to keep the insurance in force.

Employee Contribution means those Contributions required from the Participant under Code § 9-20-50.