ALLOCATION OF ELECTIVE DEFERRALS Sample Clauses

ALLOCATION OF ELECTIVE DEFERRALS. The Employer shall contribute to each Employee's SEP-IRA xxx amount of the Elective Deferrals designated in his or her Salary Savings Agreement.
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ALLOCATION OF ELECTIVE DEFERRALS. Participant’s Pre-tax Elective Deferrals will be allocated to the Participant’s Pre-Tax Elective Deferral Account. Each Participant’s Xxxx Elective Deferrals (if any) will be allocated to the Participant’s Xxxx Elective Deferral Account.
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ALLOCATION OF ELECTIVE DEFERRALS. At the time of payment of Elective Deferrals to the Trust pursuant to Section 4.2, the Employer shall deliver to the Plan Administrator a schedule showing the name of each Participant for whom Elective Deferrals are included in such payment and the amount of Elective Deferrals made on behalf of each such Participant. Subject to the provisions of Articles VI and XII, the Plan Administrator shall allocate to the Elective Deferral Account of each Participant listed on such schedule the amount of Elective Deferrals made on his behalf to the Trust as shown therein.
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ALLOCATION OF ELECTIVE DEFERRALS. MATCHING CONTRIBUTIONS AND QUALIFIED MATCHING CONTRIBUTIONS. Elective Deferrals, Matching Contributions and Qualified Matching Contributions made on behalf of a Participant shall be allocated to his or her Account as of the Valuation Date coinciding with or next following the date on which such contributions are received by the Trustee; provided, however, that any such contributions made after the last Valuation Date of a Plan Year which are attributable to such year shall be allocated as of the last Valuation Date of such year.
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ALLOCATION OF ELECTIVE DEFERRALS. The Employer shall contribute and allocate to each Participant's IRA under the Plan an amount equal to the amount of the Participant's Elective Deferrals. 5.4 Timing of Elective Deferrals: No Elective Deferrals may be based on Compensation an Employee received or had a right to receive, immediately before execution of a Salary Reduction Agreement. Notwithstanding the preceding sentence, an Employee may use Compensation received during a Plan Year prior to executing a Salary Reduction Agreement as a basis for determining his or her Elective Deferrals, but not as a source of their Elective Deferrals. 5.5 Transmission of Elective Deferrals: An Employer shall deposit such Elective Deferrals into the Participant's IRA under the Plan in a form and manner acceptable to the Custodian and as soon as such contributions can be reasonably segregated from the Employer's general assets, but no later than the close of the 30-day period following the last day of the month in which the amounts were withheld from the Employee's Compensation. ARTICLE VI
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ALLOCATION OF ELECTIVE DEFERRALS. Elective Deferrals shall be allocated to the Elective Deferral Account of each Participant as of the Valuation Date coinciding with or next following the date the Elective Deferral is contributed to the Plan. The amount of the allocation shall be equal to the Elective Deferrals of that Participant.
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ALLOCATION OF ELECTIVE DEFERRALS. The Committee shall allocate to each Member an amount equal to his or her Elective Deferrals for each Allocation Period.
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Related to ALLOCATION OF ELECTIVE DEFERRALS

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Distribution of Excess Contributions If the Advisory Committee determines the Plan fails to satisfy the ADP test for a Plan Year, it must distribute the excess contributions, as adjusted for allocable income, during the next Plan Year. However, the Employer will incur an excise tax equal to 10% of the amount of excess contributions for a Plan Year not distributed to the appropriate Highly Compensated Employees during the first 2 1/2 months of that next Plan Year. The excess contributions are the amount of deferral contributions made by the Highly Compensated Employees which causes the Plan to fail to satisfy the ADP test. The Advisory Committee will distribute to each Highly Compensated Employee his respective share of the excess contributions. The Advisory Committee will determine the respective shares of excess contributions by starting with the Highly Compensated Employee(s) who has the greatest ADP, reducing his ADP (but not below the next highest ADP), then, if necessary, reducing the ADP of the Highly Compensated Employee(s) at the next highest ADP level (including the ADP of the Highly Compensated Employee(s) whose ADP the Advisory Committee already has reduced), and continuing in this manner until the average ADP for the Highly Compensated Group satisfies the ADP test. If the Highly Compensated Employee is part of an aggregated family group, the Advisory Committee, in accordance with the applicable Treasury regulations, will determine each aggregated family member's allocable share of the excess contributions assigned to the family unit.

  • Excess Compensation For purposes of Option (f), (g) or (h), "Excess Compensation" means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Highly Compensated Employee The term Highly Compensated Employee includes highly compensated active employees and highly compensated former employees.

  • Plan Year Any reference to “

  • PARTICIPANT ELECTIONS AFTER SEPARATION FROM SERVICE A Participant who is eligible to make distribution elections under Section 6.03 of the Plan may elect to commence distribution of his Nonforfeitable Accrued Benefit: (Choose at least one of (a) through (c))

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