PLAN CONTRIBUTIONS AND FORFEITURES Sample Clauses

PLAN CONTRIBUTIONS AND FORFEITURES. AMOUNT AND TYPE(S) (3.01). The amount and type(s) of contributions for a Plan Year or other specified period are those described in Election 6 above and in the Article 3 elections below.
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PLAN CONTRIBUTIONS AND FORFEITURES. 20. ELECTIVE DEFERRAL LIMITATIONS; CODA (3.02(A), (C)). The following limitations apply to Elective Deferrals under Election 6(b), which are in addition to those limitations imposed under the basic plan document (select (a) OR select one or more of (b) and (c)):
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PLAN CONTRIBUTIONS AND FORFEITURES. 20. EMPLOYER CONTRIBUTIONS (TYPE/AMOUNT) (3.04(A)). The Employer Contribution under Election 6(b) is subject to the following additional elections as to type and amount (Choose one or more of (a), (b), and (c) as applicable.): (a) [ ] Pro rata. % of each Participant's Compensation for the Plan Year. (b) [ ] Permitted disparity (integrated contribution). In accordance with the permitted disparity allocation provisions of Section 3.04(B)(2) but applied as to the contribution, under which the following permitted disparity formula and definition of "Excess Compensation" apply (Choose one of (1) or (2). Complete (3).): (1) [ ] Excess formula (Complete a. and b.): a. of each Participant's Compensation for the Plan Year, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The second percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Section 3.04(B)(2)(c).] (2) [ ] Step-rate formula. (Complete a. and b.): a. of each Participant's Compensation for the Plan Year but excluding Excess Compensation, plus b. of each Participant's Excess Compensation for the Plan Year. [Note: The difference between the second percentage and the first percentage may not exceed the lesser of the first percentage or the applicable percentage described in the maximum disparity table. See Plan Section 3.04(B)(2)(c).]
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PLAN CONTRIBUTIONS AND FORFEITURES. EMPLOYER CONTRIBUTIONS AMOUNT (3.01). The amount of the Employer Contribution to the Trust for a Plan Year will equal the amount determined in accordance with Election 20 Parts I, II, and III.
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Related to PLAN CONTRIBUTIONS AND FORFEITURES

  • Employer Contributions An employer must make such superannuation contributions to a superannuation fund for the benefit of an employee as will avoid the employer being required to pay the superannuation guarantee charge under superannuation legislation with respect to that employee.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • 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 and Transfers The Custodian shall have the right to receive rollover contributions and to receive direct transfers from other custodians or trustees. All contributions must be made in cash or check.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

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