Investment Elections of Current Contributions Sample Clauses

Investment Elections of Current Contributions. Each Participant who is not fully vested in his Separate Account balances by reason of having completed less than three years of vested service and who has not attained age 55 shall make an investment election directing the manner in which the Tax Deferred Contributions and Taxable Employee Contributions, if any, made by him or on his behalf shall be deposited and held by the Trustee. Each other Participant shall make an investment election directing the manner in which the Employer Matching Contributions, Tax Deferred Contributions, and Taxable Employee Contributions, if any, made by him or on his behalf shall be deposited and held by the Trustee. Any such investment election shall be made on a form and in the manner prescribed by the Committee or electronically in accordance with rules and procedures prescribed by the Committee and shall specify the percentage of such contribution in one percent increments that shall be deposited in one or more of the Funds described in Section 6.1, with the sum of such percentages to equal 100 percent. The investment option so elected by a Participant shall remain in effect until he ceases to be a Participant or files an election changing his investment options as hereinafter provided. A Participant may change his investment election as of such dates as the Committee may prescribe from time to time; provided, however, that such change will be timely only if filed in writing or electronically in accordance with rules and procedures prescribed by the Committee. Any such change shall not affect amounts credited to any Separate Account of such Participant as of any date prior to the date on which such change is to become effective.
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Related to Investment Elections of Current Contributions

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

  • 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.

  • 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.

  • 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.

  • Contributions to Capital (a) The minimum initial contribution of each Member to the capital of the Company shall be $75,000, subject to the discretion of the Manager to accept initial investments in lesser amounts. The amount of the initial contribution of each Member shall be recorded on the books and records of the Company upon acceptance as a contribution to the capital of the Company. The Directors shall not be entitled to make voluntary contributions of capital to the Company as Directors of the Company, but may make voluntary contributions to the capital of the Company as Members.

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Limitations Pertaining to Capital Contributions 5.2.1: Except as otherwise specifically provided in this Agreement, or as otherwise provided by law, no Member shall have the right to withdraw from the Company or to demand or receive a return of his capital without the consent of the Manager. Upon return of any Capital Contributions, no Member shall have the right to receive property other than cash except as may be specifically provided herein.

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • 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.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

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