PRE-TAX CONTRIBUTION CREDIT ELECTIONS Sample Clauses

PRE-TAX CONTRIBUTION CREDIT ELECTIONS. An Eligible Person (other than a Director) may elect to commence receiving Pre-Tax Contribution Credits hereunder by filing an Election Form with the Administrator on or prior to the Final Filing Date. Only the last Election Form delivered to the Administrator on or before the Final Filing Date will be considered the Election Form of the Participant. In order to change (or discontinue receiving) Pre-Tax Contribution Credits after an initial Election Form is filed, the Participant must file an Election Form with the Administrator on or prior to the applicable Final Filing Date; provided, however, that a Participant shall be permitted to file no more than three (3) Election Forms with respect to Pre-Tax Contribution Credits with respect to a Plan Year; except that, notwithstanding any provision hereof to the contrary, if a Participant is determined to have suffered a Hardship, and regardless of whether such Participant receives a Hardship Withdrawal, the Participant will be permitted to file an Election Form discontinuing Pre-Tax Contribution Credits as of the next Payroll Period. Once filed, an Election Form shall remain in effect, including without limitation, with respect to subsequent Plan Years, until changed by the timely filing of a new Election Form. Pre-Tax Contribution Credits shall begin to be credited, or shall be adjusted in amount, on the first day of the first full Payroll Period beginning in the Quarter following the timely filing of the Election Form of reference.
Sample 1
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Related to PRE-TAX CONTRIBUTION CREDIT ELECTIONS

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

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • 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.

  • 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.

  • 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.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • 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.

  • 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 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • 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.

  • PARTICIPANT NONDEDUCTIBLE CONTRIBUTIONS The Plan: (Choose (a) or (b); (c) is available only with (b)) [X] (a) Does not permit Participant nondeductible contributions. [ ] (b) Permits Participant nondeductible contributions, pursuant to Section 14.04 of the Plan.

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