Optional Contribution definition

Optional Contribution means the Optional Contribution made by the Company for the benefit of a Participant under and in accordance with the terms of Section 3.4 of the Plan in any Plan Year.
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Optional Contribution means a contribution paid under Chapter 5
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Optional Contribution means a Capital Contribution by a Member which is in addition to such Member's Agreed Contribution.
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Examples of Optional Contribution in a sentence

  • An Employer Discretionary Optional Contribution, which shall be determined in the sole discretion of the Board of Directors.

  • The amount of the Qualified Plan Company Optional Contribution actually allocated to the Qualified Plan account of the Participant for the Plan Year.

  • Balances credited to Participants' Tappan Zee ESOP Accounts shall be invested in the same manner as balances credited to Employer Optional Contribution Accounts under the Plan.

  • An Employer Discretionary Optional Contribution, which shall be determined in the sole discretion of the Employer.

  • Establishment of Participant Accounts, Employer Matching Account, and Employer Optional Contribution Accounts: The amount deferred by Participant under Article V shall be turned over to the Trustee to be held in the Employee Directed Account or Master Employer Directed Account(s) for the Participant called a Participant Cash Deferral Account.

  • Balances credited to Participants' Tappan Zee ESOP Accounts shall be available at the same times, in the same manner and subject to the same terms and conditions applicable to distribution of balances credited to Employer Optional Contribution Accounts.

  • Furthermore, any cash dividends used to pay administrative expenses of the Plan shall not be credited to Participants' Other Investments Account portion of the Employer Optional Contribution Account.

  • The amount of KESIP Optional Contribution actually allocated to the KESIP account of the participant for the Plan Year.

  • Each person's rights with respect to his or her Tappan Zee ESOP Account shall be governed by the provisions of this Plan applicable to balances credited to Employer Optional Contribution Accounts.

  • Participants shall have all of the same rights relating to voting, tender offers and dividends as apply to Employer Optional Contribution Accounts under the Plan.


More Definitions of Optional Contribution

Optional Contribution means a contribution to the Plan made by the Company pursuant to Section 3.3.
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Optional Contribution means a contribution to the pension fund that is made to obtain an optional benefit under the pension plan and that is made by a member of the pension plan beyond any amount that the member is required to make; (“cotisation optionnelle”)
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Optional Contribution means a contribution paid under Chapter 5 [1993 (No. 2) s3(a)]
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Optional Contribution has the meaning set forth in Section 4.1(c).
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Optional Contribution means a payment by a Contributor or a Permitted Payor to the Permitted Holder in respect of all or any portion of any Early Contribution Payment or the Contribution Amount or any interest accrued thereon (including payments on account of the Contribution Amount made prior to the Scheduled Contribution Date).
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Related to Optional Contribution

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

  • Additional contributions means contributions made by a member of a defined benefit plan to

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

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

  • 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:

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • 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).

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

  • 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.

  • Nonelective Contribution means an amount contributed by a participating

  • 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.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

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

  • Additional Capital Contribution has the meaning set forth in Section 3.02.

  • 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.

  • Member contribution means a contribution under regulation 32;

  • 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.

  • 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.

  • 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.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • 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.

  • 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.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Contribution Notice means a contribution notice issued by the Pensions Regulator under section 38 or section 47 of the Pensions Xxx 0000.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.