ELIGIBLE CONTRIBUTIONS Sample Clauses

ELIGIBLE CONTRIBUTIONS. Unless designated otherwise under this AA §6A-3, the Matching Contribution described in AA §6A-2 will apply to all Eligible Contributions authorized under AA §6-6.
Sample 1Sample 2
ELIGIBLE CONTRIBUTIONS. For purposes of applying the matching contribution formula in Option (e), the term "eligible contributions" means: (Choose at least one of (1) or (2); (3) through (5) are available only as additional selections)
Sample 1Sample 2
ELIGIBLE CONTRIBUTIONS. Under the matching contribution formula, a Participant's "eligible contributions" are the deferral contributions allocated to the Participant for the Plan Year not in excess of 6% of the Participant's Compensation for the Plan Year. Eligible contributions do not include deferral contributions attributable to Compensation for any period when the Participant is not eligible to participate in the allocation of matching contributions. Eligible contributions do not include deferral contributions that are excess deferrals under Section 14.
Sample 1Sample 2
ELIGIBLE CONTRIBUTIONS. Each Participant may contribute to the Plan, within such time and in such form and manner as may be prescribed by the Committee in accordance with those provisions of federal law relating to rollover contributions, cash (or the cash proceeds from distributed property) received by the Participant in an eligible rollover distribution from a qualified plan or from an individual retirement account or annuity established solely to hold such eligible rollover distribution. Also, the Committee may establish rules and conditions regarding the acceptance of direct rollovers under Section 401(a)(31) of the Code from trustees or custodians of other qualified pension, profit sharing or stock bonus plans.
Sample 1
ELIGIBLE CONTRIBUTIONS. UNLESS THE ADOPTION AGREEMENT PRECLUDES IT, EMPLOYEES (WHETHER OR NOT THEY ARE PARTICIPANTS) IN RECOGNIZED EMPLOYMENT MAY CONTRIBUTE TO THIS PLAN, WITHIN SUCH TIME AND IN SUCH FORM AND MANNER AS MAY BE PRESCRIBED BY THE ADMINISTRATOR'S REPRESENTATIVE IN ACCORDANCE WITH THOSE PROVISIONS OF FEDERAL LAW RELATING TO ROLLOVER CONTRIBUTIONS, PROPERTY ACCEPTABLE TO THE TRUSTEE (OR CASH PROCEEDS THEREOF) RECEIVED BY THEM IN ELIGIBLE ROLLOVER DISTRIBUTIONS FROM CERTAIN TYPES OF QUALIFIED PLAN OR TRUSTS, EMPLOYEE ANNUITIES AND INDIVIDUAL RETIREMENT ACCOUNTS OR ANNUITIES. THE PROVISIONS OF THIS SECTION SHALL BE SUBJECT TO SUCH CONDITIONS AND LIMITATIONS AS THE ADMINISTRATOR'S REPRESENTATIVE MAY PRESCRIBE FROM TIME TO TIME FOR ADMINISTRATIVE CONVENIENCE AND TO PRESERVE THE TAX-QUALIFIED STATUS OF THIS PLAN. ALSO, THE ADMINISTRATOR'S REPRESENTATIVE MAY ESTABLISH RULES AND CONDITIONS REGARDING THE ACCEPTANCE OF DIRECT ROLLOVERS UNDER SECTION 401(a)(31) OF THE INTERNAL REVENUE CODE FROM TRUSTEES OR CUSTODIANS OF OTHER QUALIFIED PENSION, PROFIT SHARING OR STOCK BONUS PLANS. --------------------------------------------------------------------------------
Sample 1
ELIGIBLE CONTRIBUTIONS. A Participant eligible under Section 4.1.4 may make Rollover Contributions to the Plan, in such form and manner as may be prescribed by the Company in accordance with the provisions of federal law relating to rollover contributions, of cash (or the cash proceeds from distributed property) and the following promissory notes for loans made to him or her under a tax-qualified plan, that in either case are received by the Participant in an eligible rollover distribution: (a) Promissory notes outstanding under the U.S. Bancorp 401(k) Savings Plan immediately before the Spin-off Date, but only if the Participant rolls over to this Plan the entire eligible rollover distribution from that plan; and (b) Solely in the case of a Participant whose Recognized Employment began as a result of the Employer’s acquisition by merger, asset purchase or otherwise of all or a portion of a trade or business, promissory notes for loans made to the Participant under the tax-qualified plan of the Participant’s previous employer. The permitted sources for an eligible rollover distribution include: (i) an eligible retirement plan that is a tax-qualified retirement plan under Code § 401(a), (ii) a plan described in Code §§ 403(a) or 403(b), (iii) an eligible plan under Code § 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state, and (iv) an individual retirement account or annuity described in Code §§ 408(a) or 408(b). Rollover Contributions shall be subject to such conditions and limitations as the Company may prescribe from time to time for administrative convenience and to preserve the tax-qualified status of the Plan. The Plan will not accept a Rollover Contribution of after-tax employee contributions to other employer plans or nondeductible contributions to an individual retirement account or annuity.
Sample 1
ELIGIBLE CONTRIBUTIONS. Contributions into Your Account after the Issue Date may increase Your Income Base, but only if they are Eligible Contributions. We treat contributions as Eligible Contributions when they have satisfied the Vesting Period shown in the Schedule. We may limit the total value of Your Eligible Contributions. The limit equals Your Account Value on the Issue Date plus the value of all Eligible Contributions. The limit is shown in the Schedule. During an Income Year, You may withdraw from Your Account an amount to avoid a penalty under the Code’s provisions regarding required minimum distributions. The amount You withdraw may exceed Your Income Amount for that Income Year. We will not treat the amount which exceeds the Income Amount for the then current Income Year as an Excess Withdrawal to the extent that amount was needed to meet the required minimum distribution amount based solely on the value of Your Account. After the Covered Event We deliver payments electronically to an account for the benefit of the Annuitant at the financial institution that You designate. We reserve the right to reduce each payment by the payment processing fee shown in the Schedule if an alternate form of delivery is elected.
Sample 1

Related to ELIGIBLE CONTRIBUTIONS

  • Charitable Contributions Make any charitable or similar contributions, except in amounts not to exceed five thousand dollars ($5,000) individually, and twenty thousand dollars ($20,000) in the aggregate.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • 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.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Payment of Contributions The University and eligible academic staff members shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.