AFTER-TAX EMPLOYEE CONTRIBUTIONS. If After-Tax Employee Contributions are authorized under AA §6C-1, a Participant may contribute any amount as After-Tax Employee Contributions up to the Code §415 Limitation (as defined in Section 5.03 of the Plan), except as limited under this AA §6C-2.
AFTER-TAX EMPLOYEE CONTRIBUTIONS. Participants may not make After-Tax Employee Contributions under the Plan, unless elected under this AA §6C: 🞎 (a) Participants may make After-Tax Employee Contributions to the Plan.
AFTER-TAX EMPLOYEE CONTRIBUTIONS. Any contribution made to the Plan by 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 or separates accounting to which earnings and losses are allocated.
AFTER-TAX EMPLOYEE CONTRIBUTIONS. The Employer may elect to allow Participants to make After-Tax Employee Contributions under the Plan. Any After-Tax Contributions made under this Plan will be held in Participants’ After-Tax Employee Contribution Account, which is always 100% Vested. A Participant may withdraw amounts from his/her After-Tax Employee Contribution Account at any time, in accordance with the distribution rules under Article V, except as prohibited by an Individual Agreement. No forfeitures will occur solely as a result of an Employee’s withdrawal of After-Tax Employee Contributions. After-Tax Contributions will only be accepted through payroll reduction. The Administrator may establish a separate written administrative procedures addressing the acceptance of After-Tax Employee Contributions. Any separate procedures will apply uniformly to all Participants under the Plan.
AFTER-TAX EMPLOYEE CONTRIBUTIONS. If a period greater than 12 months is entered and the Salary Deferral column is checked, the period of service will be deemed to be a 12-month period. If a period greater than 12 months applies to Matching Contributions or Employer Contributions, 100% vesting must be selected under AA §8 for those contributions.]
AFTER-TAX EMPLOYEE CONTRIBUTIONS. An Eligible Rollover Distribution may include after-tax employee contributions if the Eligible Retirement Plan is either:
(a) an individual retirement account described in section 408(a) of the Code or an individual retirement annuity described in section 408(b) of the Code; or
(b) an annuity plan described in section 403(a) of the Code or, effective January 1, 2007, 403(b) of the Code, or another employer's qualified trust described in section 401(a) of the Code, which agrees to separately account for such after-tax employee contributions (and the earnings thereon).
AFTER-TAX EMPLOYEE CONTRIBUTIONS. Employee Contributions that may be made to the Plan by a Participant that are included in the Participant’s gross income in the year such amounts are contributed to the Plan and are maintained under a separate After-Tax Employee Contribution Account to which earnings and losses are allocated. See Section 3.04. For this purpose, Xxxx Deferrals are not considered as After-Tax Employee Contributions.
AFTER-TAX EMPLOYEE CONTRIBUTIONS. The Employer may elect under AA §6-7 to allow Participants to make After-Tax Employee Contributions under the Plan. If permitted under AA §6-7, a Participant’s compensation will be reduced by the amount the Participant elects to contribute as an After-Tax Employee Contribution. The After-Tax Employee Contributions may be Voluntary After-Tax Employee Contributions, as designated under AA §6-7(a), or may be Mandatory After-Tax Employee Contributions, as designated under AA §6-7(b). Any After-Tax Employee Contributions made under the Plan will be held in Participants’ After-Tax Employee Contribution Account, which is always 100% vested. A Participant’s election to change or resume an after-tax election will be effective as set forth under the After-Tax Employee Contributions election form or other written procedures adopted by the Plan Administrator. An Employee must be permitted to modify or terminate an existing After-Tax Employee Contribution election at least once a year. The Employer may designate additional dates on the After-Tax Employee Contribution election form (or other written procedures) as to when a Participant may commence, modify or terminate After-Tax Employee Contributions. Any election to modify or terminate an After-Tax Employee Contribution election will take effect within a reasonable period following such election and will apply only on a prospective basis. A Participant may withdraw amounts from his/her After-Tax Employee Contribution Account at any time, in accordance with the distribution rules under Section 7.10(a), except as otherwise provided under AA §10. No forfeitures will occur solely as a result of an Employee’s withdrawal of After-Tax Employee Contributions. The Employer may collect Participants' After-Tax Employee Contributions using payroll reduction or other collection procedures. The Employer may designate in the Adoption Agreement or in separate administrative procedures any special rules regarding the acceptance of After-Tax Employee Contributions. Any separate procedures will apply uniformly to all Participants under the Plan.
AFTER-TAX EMPLOYEE CONTRIBUTIONS. If elected in the Adoption Agreement, a Participant may make After-Tax Employee Contributions to the Plan, without regard to Section 3.02, up to the amounts indicated in the Adoption Agreement. To the extent indicated in the Adoption Agreement, After-Tax Employee Contributions will be suspended following any in-service withdrawal which includes such contributions.
AFTER-TAX EMPLOYEE CONTRIBUTIONS. No after-tax employee contributions are required or permitted under the terms of this Plan.
