Elective Deferral. The Committee may determine to permit Employee to elect to defer settlement (or redefer) if such election would be permissible under Section 11(k) of the Plan and Code Section 409A. In addition to any applicable requirements under Code Section 409A, any such deferral election shall be made only while Employee remains employed and at a time permitted under Code Section 409A. The form under which an election is made shall set forth the time and form of payment of such amount deferred. Any amount deferred shall be subject to a six-month delay upon payment if required under Section 11(k)(i)(F) of the Plan. Any elective deferral will be subject to such additional terms and conditions as the Senior Vice President, Chief Human Resources Officer, or the officer designated by the Company as responsible for administration of the Agreement, may reasonably impose.
Elective Deferral. Employer contributions made to the Plan at the election of the Participant, in lieu of cash Compensation. Elective Deferrals shall also include contributions made pursuant to a Salary Savings Agreement or other deferral mechanism, such as a cash option contribution. With respect to any taxable year, a Participant's Elective Deferral is the sum of all Employer contributions made on behalf of such Participant pursuant to an election to defer under any qualified cash or deferred arrangement as described in Code Section 401(k), any simplified employee pension cash or deferred arrangement as described in Code Section 402(h)(1)(B), any eligible deferred compensation plan under Code Section 457, any plan as described under Code Section 501(c)(18), and any Employer contributions made on the behalf of a Participant for the purchase of an annuity contract under Code Section 403(b) pursuant to a Salary Savings Agreement. Elective Deferrals shall not include any deferrals properly distributed as Excess Annual Additions.
Elective Deferral. The Committee may determine to permit Employee to elect to defer settlement (or redefer) if such election would be permissible under Section 409A of the Code. In addition to any applicable requirements under Section 409A of the Code, any such deferral election shall be made only while Employee remains employed and at a time permitted under Section 409A. Any elective deferral will be subject to such additional terms and conditions as the Vice President — Corporate Services, or the officer designated by the Company as responsible for administration of the Agreement, may reasonably impose.
Elective Deferral. Election limit for Highly Compensated Employees. If elected and in lieu of the limit set forth in A(1), a Highly Compensated Employee may make an Elective Deferral Election that may not exceed % of his or her Plan Compensation. (This option may only be selected if option (1) is also selected.)
Elective Deferral. A Contribution to Your Account made pursuant to a Salary Reduction Agreement. Elective Deferrals may include post-tax Contributions to a Xxxx account, if permitted under the Plan, but do not include nonelective employee contributions that constitute Employer Contributions.
Elective Deferral. Contributions (select all that apply):
(1) Elective Deferral Contributions are permitted under the Plan and may be made by a Participant in a dollar amount or a percentage of the Participant's Plan Compensation, as specified by the Participant in his or her Elective Deferral Election, which may not exceed 50 % of his or her Plan Compensation. The Elective Deferral Contributions will consist of (select one):
(a) Pre-Tax Contributions only. ¨ (b) Pre-Tax and Xxxx Contributions.
(2) Elective Deferral Election limit for Highly Compensated Employees. If elected and in lieu of the limit set forth in A(1), a Highly Compensated Employee may make an Elective Deferral Election that may not exceed % of his or her Plan Compensation.
Elective Deferral. Catch-Up, and After-Tax Xxxx Contributions. Any Elective Deferral, Catch• Up, and After-Tax Xxxx Contributions must be remitted to the Plan on the earliest date that such amounts can reasonably be segregated from the Employer's general assets. The Employer is responsible for deducting and remitting the Eligible Employees’ deferrals to the Plan Administrator (or its designee). *In no event shall Elective Deferral, Catch-Up, and Xxxx Contributions be remitted to the Plan later than the fifteenth (15th) business day of the month following the month in which the amounts are withheld by the Employer. In the event that the Plan has fewer than 100 participants, the Employer must remit the contributions no later than the seventh (7th) business day following withholding by the Employer.
Elective Deferral. Any Employer contribution made to the Plan at the election of the Participant, in lieu of cash compensation, including contributions made pursuant to a salary reduction agreement or other deferral mechanism. With respect to any taxable year, a Participant's Elective Deferral is the sum of all Employer contributions made on behalf of such Participant pursuant to an election to defer under any CODA, any simplified employee pension cash or deferred arrangement as described in Section 402(h)(1)(B) of the Code, any eligible deferred compensation plan under Section 457 of the Code, any plan described under Section 501(c)(18) of the Code, and any Employer contributions made on behalf of a Participant for the purchase of an annuity contract under Section 403(b) pursuant to a salary reduction agreement. Elective Deferrals shall not include any deferrals properly distributed as excess annual additions.
Elective Deferral. Xxxx Contributions will be considered elective deferrals within the meaning of Code §402(g)(3)(C).
Elective Deferral. Contributions (select all that apply):
þ (1) Elective Deferral Contributions are permitted under the Plan and may be made by a Participant in a dollar amount or a percentage of the Participant’s Plan Compensation, as specified by the Participant in his or her Elective Deferral Election, which may not exceed 75% of his or her Plan Compensation. The Elective Deferral Contributions will consist of (select one): ¨ (a) Pre-Tax Contributions only. þ (b) Pre-Tax and Xxxx Contributions.
