Salary Deferral Agreement means an agreement between a Participant and the Employer, whereby the Participant elects to reduce Compensation by a specific dollar amount or percentage and the Employer agrees to contribute such amount into the 401(k) Plan. The election may be made electronically in a manner permitted by the Employer. A Salary Deferral Agreement may require that an election be stated in specific percentage increments (not greater than one percent (1%) increments) or in specific dollar amount increments (not greater than dollar increments that could exceed one percent (1%) of Compensation).
Salary Deferral Agreement means an agreement in the form provided by the Plan Administrator in which an Eligible Employee agrees to reduce his Compensation earned after the execution of such agreement and to have the amount of such reduction contributed by the Company to the Trust Fund on his behalf pursuant to Section 401(k) of the Code. An Eligible Employee may execute a new Salary Deferral Agreement from time to time pursuant to Section 3.2.
Salary Deferral Agreement means the agreement entered into by the Member pursuant to Section 2.02 under which he elects to defer all or a portion of his Compensation under this Plan.
Examples of Salary Deferral Agreement in a sentence
Your current Salary Deferral Agreement will continue until you notify your employer otherwise.
More Definitions of Salary Deferral Agreement
Salary Deferral Agreement means the agreement between the Participating Company and an Employee to reduce the Employee's Compensation as provided for in Article 4.
Salary Deferral Agreement means a Deferral Agreement filed in accordance with the salary deferral program described in Article V.
Salary Deferral Agreement means a written agreement entered into between a Participant and the Employer pursuant to the provisions of Section 4.1
Salary Deferral Agreement means a written agreement entered into between a Participant and the Employer pursuant to the provisions of Section 3.
Salary Deferral Agreement means the agreement between a Member and a Qualified Employer pursuant to which such Member agrees to reduce current Compensation or forego an increase in Compensation and the Qualified Employer agrees to make a corresponding Salary Deferral Contribution to the Plan pursuant to Section 4.3.
Salary Deferral Agreement means a written agreement or enrollment form (or written confirmation of a voice enrollment) in which a Participant elects to have his or her Compensation reduced by a specified amount (in whole percentages not less than 1% and not more than 15%). Salary Deferral Agreements shall be governed by the following:
Salary Deferral Agreement means an arrangement pursuant to which a Member may elect to decrease, or to forego an increase in, the amount of his Compensation which his Employer otherwise would have paid to him in cash, and have an equal amount (i) applied to obtain additional benefits under a cafeteria benefits plan (as defined in Code section l25) maintained by his Employer or (ii) allocated to his Account under a qualified cash or deferred arrangement (as defined in Code section 40l(k)) maintained by his Employer.