Non-Elective Employer Contributions Sample Clauses

Non-Elective Employer Contributions. The Employer shall have the right to make a discretionary contribution. If a discretionary contribution is made, the Employer’s contribution for the Plan Year shall be allocated to the accounts of eligible Participants as follows (enter the number of the allocation method being used by the Plan):
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Non-Elective Employer Contributions. All TWU Designated 15 Employees with two (2) or more years of vesting service, as defined 16 in the American 401(k) Plan, shall be one hundred percent (100%) 17 vested in their Non-Elective Employer Contributions. Provided, 18 however, that all TWU Designated Employees who are on the 19 American Airlines System Seniority List as of DOR and who are not 20 vested in their Non-Elective Employer Contributions as of DOR shall 21 have all prior service with the Company and/or AAG recognized for 22 purposes of determining vesting for post-DOR Non-Elective 23 Employer Contributions to the American 401(k) Plan. 24
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Non-Elective Employer Contributions. If elected in the Employer’s 457(b) Plan, a contribution made by the Employer for a Participant with respect to which the Participant does not have the choice to receive the contribution in cash or property. Nonelective Employer Contributions include Employer contributions that would be described in section 401(m) of the Code if they were contributions to a qualified plan under Section 401(a) of the Code.
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Non-Elective Employer Contributions. In addition to the annual salary stated in Paragraph 5 of this Contract, the Board will make an annual non-elective employer contribution to a tax-sheltered annuity of the Superintendent’s choice in accordance with Section 403(b) of the Internal Revenue Code, in the amount of Nine Thousand Dollars ($9,000.00), contributed in a lump sum no later than December 31 of each Contract Year. The Board and the Superintendent agree that the Superintendent does not have the option to receive such 403(b) contributions directly or in cash.
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Non-Elective Employer Contributions. All TWU Designated 44 Employees must satisfy the one (1) year service requirement, as
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Non-Elective Employer Contributions. Contributions to the Plan made by the Employer under Section 3.03.
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Non-Elective Employer Contributions. All retirement incentive payments shall be made as Non-Elective Employer Contributions, up to the statutory limit, pursuant to Internal Revenue Code § 403-(b).
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Non-Elective Employer Contributions. All TWU Designated 12 Employees must satisfy the one (1) year service requirement, as 13 defined in the American 401(k) Plan, to be eligible to receive Non- 14 Elective Employer Contributions in the American 401(k) Plan. 15 Provided, however, that all TWU Designated Employees who are on 16 the American Airlines System Seniority List as of March 26, 2020 and 17 who are not eligible to receive Non-Elective Employer Contributions 18 as of March 26, 2020 shall have all prior service with the Company 19 and/or AAG recognized for purposes of determining eligibility for post 20 March 26, 2020 Non-Elective Employer Contributions to the 21 American 401(k) Plan. 22 23 4. Vesting or Employer Contributions 25 (i) Employer Matching Contributions: All Association employees with 26 two (2) or more years of vesting service, as defined in the American 27 401(k) Plan, shall be one hundred percent (100%) vested in their 28 Employer Matching Contributions. Provided, however, that all 29 Association represented employees who are on the American 30 Airlines System Seniority List as of March 26, 2020 and who are not 31 vested in their Employer Matching Contributions as of March 26, 32 2020 shall have all prior service with the Company and/or AAG 33 recognized for purposes of determining vesting for post March 26, 34 2020 Employer Matching Contributions to the American 401(k) Plan. 35
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Non-Elective Employer Contributions. All TWU Designated 37 Employees with two (2) or more years of vesting service, as defined 38 in the American 401(k) Plan, shall be one hundred percent (100%) 39 vested in their Non-Elective Employer Contributions. Provided, 40 however, that all TWU Designated Employees who are on the 41 American Airlines System Seniority List as of March 26, 2020 and 42 who are not vested in their Non-Elective Employer Contributions as 43 of March 26, 2020 shall have all prior service with the Company 44 and/or AAG recognized for purposes of determining vesting for post 45 March 26, 2020 Non-Elective Employer Contributions to the 46 American 401(k) Plan.
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Related to Non-Elective Employer Contributions

  • 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 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • 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.

  • 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.

  • Rollover Contributions Generally, a rollover is a movement of cash or assets from one retirement plan to another. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Both the distribution and the rollover contribution are reportable when you file your income taxes. You must irrevocably elect to treat such contributions as rollovers. IRA-to-IRA Rollover: You may withdraw, tax free, all or a portion of your Traditional IRA if you contribute the amount withdrawn within 60 days from the date you receive the distribution into the same or another Traditional IRA as a rollover. To complete a rollover of a SIMPLE IRA distribution to your Traditional IRA, at least two years must have elapsed from the date on which you first participated in any SIMPLE IRA plan maintained by the employer, and you must contribute the distribution within 60 days from the date you receive it. Only one IRA distribution within any 12-month period may be rolled over in an IRA-to-IRA rollover transaction. The 12-month waiting period begins on the date you receive an IRA distribution that you subsequently roll over, not on the date you complete the rollover transaction. If you roll over the entire amount of an IRA distribution (including any amount withheld for federal, state, or other income taxes that you did not receive), you do not have to report the distribution as taxable income. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents basis) and may be, if you are under age 59½, subject to the premature distribution penalty tax. Employer Retirement Plan-to-Traditional IRA Rollover (by Traditional IRA Owner): Eligible rollover distributions from qualifying employer retirement plans may be rolled over, directly or indirectly, to your Traditional IRA. Qualifying employer retirement plans include qualified plans (e.g., 401(k) plans or profit sharing plans), governmental 457(b) plans, 403(b) arrangements and 403(a) arrangements. Amounts that may not be rolled over to your Traditional IRA include any required minimum distributions, hardship distributions, any part of a series of substantially equal periodic payments, or distributions consisting of Xxxx 401(k) or Xxxx 403(b) assets. To complete a direct rollover from an employer plan to your Traditional IRA, you must generally instruct the plan administrator to send the distribution to your Traditional IRA Custodian. To complete an indirect rollover to your Traditional IRA, you must generally request that the plan administrator make a distribution directly to you. You typically have 60 days from the date you receive an eligible rollover distribution to complete an indirect rollover. Any amount not properly rolled over within the 60-day period will generally be taxable in the year distributed (except for any amount that represents after-tax contributions) and may be, if you are under age 59½, subject to the premature distribution penalty tax. If you choose the indirect rollover method, the plan administrator is typically required to withhold 20% of the eligible rollover distribution amount for purposes of federal income tax withholding. You may, however, make up the withheld amount out of pocket and roll over the full amount. If you do not make up the withheld amount out of pocket, the 20% withheld (and not rolled over) will be treated as a distribution, subject to applicable taxes and penalties. Conduit IRA: You may use your IRA as a conduit to temporarily hold amounts you receive in an eligible rollover distribution from an employer’s retirement plan. Should you combine or add other amounts (e.g., regular contributions) to your conduit IRA, you may lose the ability to subsequently roll these funds into another employer plan to take advantage of special tax rules available for certain qualified plan distribution amounts. Consult your tax advisor for additional information. Employer Retirement Plan-to-Traditional IRA Rollover (by Inherited Traditional IRA Owner): Please refer to the section of this document entitled “Inherited IRA”. Traditional IRA-to-Employer Retirement Plan Rollover: If your employer’s retirement plan accepts rollovers from IRAs, you may complete a direct or indirect rollover of your pre-tax assets in your Traditional IRA into your employer retirement plan. If you are required to take minimum distributions because you are age 70½ or older, you may not roll over any required minimum distributions. Rollover of Exxon Xxxxxx Settlement Income: Certain income received as an Exxon Xxxxxx qualified settlement may be rolled over to a Traditional IRA or another eligible retirement plan. The amount contributed cannot exceed the lesser of $100,000 (reduced by the amount of any qualified settlement income contributed to an eligible retirement plan in prior tax years) or the amount of qualified settlement income received during the tax year. Contributions for the year can be made until the due date for filing your return, not including extensions.

  • EMPLOYEE CONTRIBUTIONS (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

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