Salary Deferral definition

Salary Deferral means the total amount deferred by the Participant from Compensation under Article III.

Salary Deferral means a salary deferral pursuant to Section 5.01 of the Chiron 401(k) Plan.

Salary Deferral or “Salary Deferral Amount” means the dollar amount or percentage of Salary which a Participant elects to defer by making a Salary Deferral Election pursuant to Article III.

Examples of Salary Deferral in a sentence

• However, they shall not be entitled to elect to have Salary Deferral Contributions made or to share in Employer Contributions or forfeitures unless and until they have met the requirements for eligibility, contributions and allocations.

• Unless otherwise elected in the Adoption Agreement, Compensation shall include any amount deferred under a Salary Deferral Agreement which is not includible in the gross income of a Participant under Code Section 125 in connection with a cafeteria plan, Code Section 402(e)(3) in connection with a cash or deferred plan, Code Section 402(h)(1)(B) in connection with a Simplified Employee Pension Plan, and Code Section 403(b) in connection with a tax-sheltered annuity plan.

• The amount of Excess 401(k) Contributions to be distributed for any Plan Year must be reduced by any excess Salary Deferral Contributions previously distributed for the taxable year ending in the same Plan Year.

• A Participant may not, at any time, revoke a previous election with respect to a Bonus Deferral Amount or Salary Deferral Amounts.

• The election to have Salary Deferral Contributions made, the ability to change the rate of Salary Deferral Contributions, the right to suspend Salary Deferral Contributions, and the manner of commencing new Salary Deferral Contributions shall be permitted under any uniform method determined by the Committee from time to time.

More Definitions of Salary Deferral

Salary Deferral means an election by a Participant to defer the receipt of Salary in accordance with the requirements of Article III of this Plan.

Salary Deferral means an election by a Participant to defer the receipt of Salary in accordance with the requirements of Article IV.

Salary Deferral means the portion of Eligible Base Salary which is deferred by a Participant under Section 4.1 with respect to a Plan Year.

Salary Deferral means the portion of Salary deferred by a Participant under Section 4.3(a) for a Plan Year.

Salary Deferral means the amount or percentage of a Participant’s Salary that the Participant has elected to defer pursuant to Article III.

Salary Deferral means the total amount deferred by the Participant from his or her Base Compensation under Article III and from his or her Bonus under Article IV.

Salary Deferral means the total amount deferred by the Participant from Compensation under Article III and Article IV.