Salary Deferral Contributions Sample Clauses

Salary Deferral Contributions. Each Employer shall make a Salary Deferral Contribution in an amount equal to the amount by which the Considered Compensation of its Employees who are Participants was reduced on a pre-tax basis pursuant to salary deferral agreements (excluding amounts of Considered Compensation deferred pursuant to Section 3.02 that are properly characterized as Catch-up Salary Deferral Contributions). Any such salary deferral agreement shall be an agreement in a form satisfactory to the Committee to prospectively receive Considered Compensation from the Employer in a reduced amount and to have the Employer contribute an amount equal to the amount of the reduction to the Trust on account of the Participant. Any such salary deferral agreement shall be revocable in accordance with its terms, provided that no revocation shall be retroactive or permit payment to the Participant of the amount required to be contributed to the Trust. A Participant's or former Participant's right to benefits attributable to Salary Deferral Contributions made to the Plan on his behalf shall be nonforfeitable. The maximum amount a Participant may elect to reduce his Considered Compensation under his salary deferral agreement and have contributed to the Plan on a pre-tax basis shall be determined by the Committee, in its sole discretion from time to time. The election to have Salary Deferral Contributions made, the ability to change the rate of Salary Deferral Contributions, the right to suspend Salary Deferral Contributions, and the manner of commencing new Salary Deferral Contributions shall be permitted under any uniform method determined by the Committee from time to time.

Salary Deferral Contributions. Each Employer shall make a Salary Deferral Contribution in an amount equal to the amount by which the Considered Compensation of its Employees who are Participants was reduced on a pre-tax basis pursuant to salary deferral agreements. Any such salary deferral agreement shall be an agreement in a form satisfactory to the Committee to prospectively receive Considered Compensation from the Employer in a reduced amount and to have the Employer contribute an amount equal to the amount of the reduction to the Trust on account of the Participant. Any such salary deferral agreement shall be revocable in accordance with its terms, provided that no revocation shall be retroactive or permit payment to the Participant of the amount required to be contributed to the Trust. A Participant's right to benefits attributable to Salary Deferral Contributions made to the Plan on his behalf shall be nonforfeitable. The maximum amount a Participant may elect to reduce his Considered Compensation under his salary deferral agreement and have contributed to the Plan on a pre-tax basis shall be determined by the Committee, in its sole discretion from time to time. The election to have Salary Deferral Contributions made, the ability to change the rate of Salary Deferral Contributions, the right to suspend Salary Deferral Contributions, and the manner of commencing new Salary Deferral Contributions shall be permitted under any uniform method determined by the Committee from time to time.

Salary Deferral Contributions. Salary Deferral Contributions shall be allocated to the Salary Deferral Account of each Participant as of each Valuation Date.

Salary Deferral Contributions. Contributions made pursuant to an individual retirement annuity program in accordance with the requirements of Section 408(b) of the Code and applicable Treasury regulations;

Salary Deferral Contributions. (a) For any relevant period, the amount of Salary Deferral Contribution to be made by the Employer for each Participant shall be equal to the amount by which the Participant elects to reduce his Compensation in that period pursuant to Compensation Reduction Agreements entered into in accordance with Section 3.1(b). Salary Deferral Contributions shall be credited to the Participant's Salary Deferral Contribution subaccount. (b) A Participant may make an election to reduce the Compensation otherwise payable to him directly in cash by entering into a Compensation Reduction Agreement. Such election shall be subject to such maximum limits as the Adoption Agreement shall provide; provided that the Plan Administrator may, in its discretion, set lower maximum limits, either for all Participants or for all or a portion of the group of Eligible Employees who are or may be expected to be Highly Compensated Employees. A Participant's Compensation Reduction Agreement shall remain in effect until it is modified or terminated as provided for herein. Subject to such limitations as to frequency of amendment as the Plan Administrator may prescribe, (which limitations shall permit such amendments no less frequently than annually) a Participant may amend his Compensation Reduction Agreement (to increase or decrease his Compensation reduction election within such limits), effective as of the first day of any subsequent payroll period. Any election or amendment of election shall be made at least 30 days before the beginning of the payroll period to which it relates. The Participant may, by 30 days' written notice, suspend any previous election to reduce the Compensation otherwise payable to him in cash, effective as of the beginning of any payroll period. Such a Participant may resume such reduction as of the beginning of any payroll period, subject to such rules with respect to minimum periods of suspension (not in excess of one year) as the Plan Administrator may provide, by filing a new Compensation Reduction Agreement at least 30 days before the beginning of such payroll period. Notwithstanding the foregoing provisions of this Subsection, the Plan Administrator may, on a uniform and nondiscriminatory basis, establish such other election or notice periods as the Plan Administrator deems advisable to provide for the efficient administration of the Plan.

Salary Deferral Contributions. Contributions to an Employer Plan made by a Participant pursuant to a cash or deferred election (normally in accordance with the terms of a qualified cash or deferred arrangement under Section 401(k) of the Code).

Salary Deferral Contributions. Beginning ----------------------------- as soon as practicable after the filing of the Salary Deferral Agreement pursuant to Section 3.2 or a modifica- tion thereto as provided in Section 4.5(a), there shall be contributed by each Employer to the Plan Salary Defer- ral Contributions in an amount equal to the Salary Defer- ral Rate each Participant has selected times each Participant's Eligible Earnings rounded down to the nearest whole dollar.

Salary Deferral Contributions. 17 4.4 CHANGES IN ELIGIBLE EARNINGS............................ 17 4.5

Salary Deferral Contributions. 1. For any Plan Year, the amount specified in a Salary Deferral Agreement by a Participant shall be between 0% and 16% of Participant’s Plan Year Compensation. 2. Salary Deferral Agreements may be changed pursuant to any nondiscriminatory policies and procedures adopted by the Plan Administrator, that allow for changes at a minimum of at least annually.

Salary Deferral Contributions. Each Employer shall make a Salary Deferral Contribution in an amount equal to the amount by which the Considered Compensation of its Employees who are Participants was reduced on a pre-tax basis pursuant to salary deferral agreements (excluding amounts of Considered Compensation deferred pursuant to Section 3.02 that are properly characterized as Catch-up Salary Deferral Contributions). Any such salary deferral agreement shall be an agreement in a form satisfactory to the Committee to prospectively receive Considered Compensation from the Employer in a reduced amount and to have the Employer contribute an amount equal to the amount of the reduction to the Trust on account of the Participant. Any such salary deferral agreement shall be revocable in accordance with its terms, provided that no revocation shall be retroactive or permit payment to the Participant of the amount required to be contributed to the Trust. A Participant’s or former Participant’s right to benefits attributable to Salary Deferral Contributions made to the Plan on his behalf shall be nonforfeitable.